Brick Warehouse with Garage
For Sale
$189,900
2605 N 20th Street St, Louis, MO 63106
Commercial Sale, St Louis, MO
Property Size2,380 SF
Lot Size0.14 Acres
Price / SF$79.79
Days on Market50
Property Features for 2605 N 20th Street St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Subdivision
Union Add
Directions
GPS Friendly :-)
Standard status
Active
APN
1099-00-0080-0
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
614
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1927
Building materials
Brick
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Christoph Dewald · License #2020037702
(913) 908-8001
Added: Jul 7
Changed: Aug 24
Last Checked: Aug 25 at 11:06AM
MLS# 26026681
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1927, this brick warehouse provides a high-ceiling interior organized around a large commercial garage door. The building includes an office positioned above the main room and a half bath, with forced-air heating and public water service. The current configuration has been used for truck storage and cleaning operations.
The property occupies a 0.1405-acre level lot with extra space behind the building for parking or storage. It is situated near major roads and a high-traffic street, with access to Downtown St. Louis and Veterans Memorial Bridge. Interstate connections include I-70, I-55, and I-64, and the property is near the new NGA site.
The property occupies a 0.1405-acre level lot with extra space behind the building for parking or storage. It is situated near major roads and a high-traffic street, with access to Downtown St. Louis and Veterans Memorial Bridge. Interstate connections include I-70, I-55, and I-64, and the property is near the new NGA site.
Key Highlights
- 2,380+ SF warehouse space described in the public remarks
- 0.1405‑acre level lot with additional rear area for parking or storage
- Large commercial garage door serving the warehouse interior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,140
$229.1K
Cap Rate 7%
$163,671
$163.7K
Cap Rate 9%
$127,300
$127.3K
Market Conditions
NOI Build-Up for 2,380 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.1K $5.93/SF
− Vacancy
−$635 −$0.27/SF
EGI
$13.5K $5.66/SF
− OpEx
−$2.0K −$0.85/SF
NOI
$11.5K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,140
Cap Rate 7%
$163,671
Cap Rate 9%
$127,300
Alternative Uses
Best Use
Warehouse
$163.7K
$143.2K – $191.0K
NOI $11,457 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.8K
$446.9K – $595.9K
NOI $35,755 @ 7.0% cap · market cap 18.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63106, MO
9,113
Population
4,620
Households
2
Avg Household Size
32
Median Age
20%
College-Educated
80%
High-School Grad
2.2 sq mi
ZIP Area
4,142
Density / Sq Mi
$21,475
Median Household Income
$25,764
Median Earnings
$739
Median Rent
$186,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storespace — 3225 N Florissant Ave, St. Louis, MO 63107
- Universal Storage — 2114 Carr St, St. Louis, MO 63106
Frequently Asked Questions
What type of property is this?
Warehouse - Brick warehouse with high ceilings, an upper office, half bath, and a level lot offering additional outdoor storage area.
Where is this warehouse located?
The property is located at 2605 N 20th Street St Louis, MO.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,380+ SF warehouse space described in the public remarks; 0.1405‑acre level lot with additional rear area for parking or storage; Large commercial garage door serving the warehouse interior
