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263-287 Lemay Ferry Rd, Saint Louis, MO 63125
C-8-zoned commercial building on Lemay Ferry Road, currently used for RV dealership operations.
Property Size7,304 SF
Price / SF$126.64
Days on Market7
Property Features for 263-287 Lemay Ferry Rd
General Information
Standard status
Active
Size
7,304 SF
Property subtype
Retail
Zoning
C-8
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
SVN | Infinity Commercial Group - Zvibleman
Listed By:
Alex Zvibleman · License #2019046827
(314) 482-4111
Source:
Crexi
Added: Aug 28
Changed: Sep 2
Last Checked: Sep 2 at 1:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Infinity Commercial Group - Zvibleman
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.
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 = 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
$28,955
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
3.13%
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%
$579,100
$579.1K
Cap Rate 7%
$413,643
$413.6K
Cap Rate 9%
$321,722
$321.7K
Market Conditions
NOI Build-Up for 7,304 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
$43.3K $5.93/SF
− Vacancy
−$1.9K −$0.27/SF
EGI
$41.4K $5.66/SF
− OpEx
−$12.4K −$1.70/SF
NOI
$29.0K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
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%
$579,100
Cap Rate 7%
$413,643
Cap Rate 9%
$321,722
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.64M
NOI $98,255 @ 7.0% cap · market cap 10.62%
Second Best
Industrial
$413.6K
$361.9K – $482.6K
NOI $28,955 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,730 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $925,000.
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
