St. Louis Flex/Industrial
For Sale
Contact for pricing
2727 S Jefferson Ave St., Saint Louis, MO 63101
26,100 SF flex/industrial property for sale in St. Louis.
Property Size26,100 SF
Price / SF$65.13
Days on Market977
Property Features for 2727 S Jefferson Ave St.
General Information
Standard status
Active
Size
26,100 SF
Total Parking Spaces
23
Property subtype
Office, Industrial
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Renovated
2024
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Tower Real Estate Group
(314) 629-8004
Listed By:
Allyson Mace · License #MO 2015017410
Source:
Crexi
Added: Dec 21, 2023
Changed: Aug 17
Last Checked: Aug 23 at 6:42AM
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 Tower Real Estate Group
Investment Insights
Based on property information with market context.
This commercial real estate property, located in St. Louis, Missouri, offers 26,100 square feet of flex and industrial space. The property is suitable for a variety of uses including office, warehouse, and flex space. The property is for sale.
Key Highlights
- No property information provided.
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
$103,466
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
6.09%
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%
$2,069,320
$2.1M
Cap Rate 7%
$1,478,086
$1.5M
Cap Rate 9%
$1,149,622
$1.1M
Market Conditions
NOI Build-Up for 26,100 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
$154.8K $5.93/SF
− Vacancy
−$7.0K −$0.27/SF
EGI
$147.8K $5.66/SF
− OpEx
−$44.3K −$1.70/SF
NOI
$103.5K $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%
$2,069,320
Cap Rate 7%
$1,478,086
Cap Rate 9%
$1,149,622
Alternative Uses
Best Use
Industrial
$1.48M
$1.29M – $1.72M
NOI $103,466 @ 7.0% cap · market cap 6.09%
Second Best
Flex RnD
$1.39M
$1.22M – $1.62M
NOI $97,209 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$5.60M
$4.90M – $6.54M
NOI $392,106 @ 7.0% cap · market cap 23.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63101, MO
4,171
Population
2,457
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
10,428
Density / Sq Mi
$92,708
Median Household Income
$68,079
Median Earnings
$1,295
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 26,100 SF flex/industrial property for sale in St. Louis.
Where is this flex space located?
The property is located at 2727 S Jefferson Ave St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: No property information provided.
