Building Details

Buildings 1

Listing Agency: SVN | Infinity Commercial Group - Zvibleman

Listed By: Alex Zvibleman · License #2019046827 Show Phone

Source: Crexi

Added: Aug 28 Changed: Oct 14 Last Checked: Oct 16 at 9:20AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 7,304-square-foot commercial building at 263-287 Lemay Ferry Rd in Saint Louis, Missouri, is currently operating as an RV dealership. The property is zoned C-8, providing a commercial setting for the existing dealership use and potential consideration of other retail-oriented applications.

The building sits along Lemay Ferry Road in the Lemay area, with nearby access to the St. Louis Riverfront, Anheuser-Busch Brewery, and the Soulard neighborhood. Its current automotive retail use and location within Saint Louis provide a defined operating context for continued dealership activity or evaluation of alternative commercial concepts.

Key Highlights

• 7,304‑square‑foot commercial building
• Currently operating as an RV dealership
• C‑8 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$98,255

Cap Rate

8.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,965,100 $2.0M

Cap Rate 7%

$1,403,643 $1.4M

Cap Rate 9%

$1,091,722 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,304 SF

Gross rent

$163.0K $22.32/SF

− Vacancy

−$22.7K −$3.10/SF

EGI

$140.4K $19.22/SF

− OpEx

−$42.1K −$5.77/SF

NOI

$98.3K $13.45/SF

Area

St. Louis County, MO

Vacancy

13.90%

Lease Rate

$22.32 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,965,100

Cap Rate 7%

$1,403,643

Cap Rate 9%

$1,091,722

Alternative Uses

Best Use

Retail

$1.40M

$1.23M – $1.64M (±1% cap)

NOI $98,255 @ 7.0% cap · market cap 8.73%

Second Best

Industrial

$413.6K

$361.9K – $482.6K (±1% cap)

NOI $28,955 @ 7.0% cap · market cap 2.57%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,730 @ 7.0% cap · market cap 9.75%

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

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Gym & Fitness Center

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

Paved road access

Location Intelligence

Trade Area within ½ mile

382

Businesses Nearby

2k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Imo's Pizza Dining

1,554 visits/mo 0.4 miles

Demographics for 63125, MO

32,816

Population

14,741

Households

2.2

Avg Household Size

42

Median Age

22%

College-Educated

89%

High-School Grad

9.9 sq mi

ZIP Area

3,315

Density / Sq Mi

$59,683

Median Household Income

$40,409

Median Earnings

$920

Median Rent

$166,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• U-Haul Neighborhood Dealer — 9400 S Broadway St, St. Louis, MO 63125, United States
• U-Haul Neighborhood Dealer — 939 Lemay Ferry Rd, St. Louis, MO 63125

Frequently Asked Questions

What type of property is this?

Automotive property - C-8-zoned commercial building on Lemay Ferry Road, currently used for RV dealership operations.

Where is this automotive property located?

The property is located at 263-287 Lemay Ferry Rd Saint Louis, MO.

What is the asking price?

The asking price for this property is $1,125,000.

What are key features of this property?

This property features: 7,304‑square‑foot commercial building; Currently operating as an RV dealership; C‑8 zoning