Building Details

Building Size 2,380 SF

Year Built 1927

Buildings 1

Listing Agency: Flowers Home Realty i***@flowershomerealty.com Show Phone

Listed By: Marletta Flowers · License #2006018112 Show Phone

Source: Flowershomerealty

Added: May 21 Changed: Oct 25 Last Checked: Oct 26 at 3:54AM

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Investment Insights

Based on property information with market context.

This warehouse offers 2,380 square feet beneath high ceilings, with a large commercial garage door providing access to the main interior space. The brick building also includes an office on an upper level and a half bath. A large, level lot extends behind the building and provides additional space for parking or storage.

The property is near the NGA site and has access to Downtown St. Louis and Veterans Memorial Bridge, with connections to I-70, I-55, and I-64. Built in 1927, the warehouse is currently used for truck storage and as a cleaning warehouse.

Key Highlights

• 2,380 square feet of warehouse space with high ceilings
• Large commercial garage door
• Upper‑level office and half bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,457

Cap Rate

6.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$229,140 $229.1K

Cap Rate 7%

$163,671 $163.7K

Cap Rate 9%

$127,300 $127.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,380 SF

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 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 (±1% cap)

NOI $11,457 @ 7.0% cap · market cap 6.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$510.8K

$446.9K – $595.9K (±1% cap)

NOI $35,755 @ 7.0% cap · market cap 19.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Law Firm Real Estate Agency Pharmacy Spa & Massage Center Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - A large rear lot adds room for parking or storage alongside the warehouse space.

Where is this warehouse located?

The property is located at 2605 N 20th Street Saint Louis, MO.

What is the asking price?

The asking price for this property is $185,000.

What are key features of this property?

This property features: 2,380 square feet of warehouse space with high ceilings; Large commercial garage door; Upper‑level office and half bath