Listing Agency: SmartEquity Show Phone

Listed By: Brandon Smart · License #2016006331 Show Phone

Source: Moodyscre

Added: Oct 13 Changed: Oct 21 Last Checked: Oct 21 at 12:20AM

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Investment Insights

Based on property information with market context.

At 2730 Delmar Boulevard in St. Louis, this 15,000-square-foot industrial warehouse has 18-foot clear height, a wet sprinkler system, and exterior dock access. The property is zoned J-Industrial and includes 27 parking spaces.

Warehouse, light manufacturing, distribution, and storage are among the stated potential uses. The property is in St. Louis’ Midtown area.

Key Highlights

• 15,000 square feet of industrial warehouse space
• 18‑foot clear height
• Exterior dock access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,205

Cap Rate

8.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,444,100 $1.4M

Cap Rate 7%

$1,031,500 $1.0M

Cap Rate 9%

$802,278 $802.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,000 SF

Gross rent

$89.0K $5.93/SF

− Vacancy

−$4.0K −$0.27/SF

EGI

$84.9K $5.66/SF

− OpEx

−$12.7K −$0.85/SF

NOI

$72.2K $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%

$1,444,100

Cap Rate 7%

$1,031,500

Cap Rate 9%

$802,278

Alternative Uses

Best Use

Warehouse

$1.03M

$902.6K – $1.20M (±1% cap)

NOI $72,205 @ 7.0% cap · market cap 8.49%

Second Best

Industrial

$849.5K

$743.3K – $991.1K (±1% cap)

NOI $59,463 @ 7.0% cap · market cap 7.00%

Theoretical Best

Office A

$3.22M

$2.82M – $3.76M (±1% cap)

NOI $225,348 @ 7.0% cap · market cap 26.51%

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

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick HVAC Service Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service Acupuncture Wine and Liquor Store

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

18 ft

Clear height

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,357

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 63103, MO

9,411

Population

5,990

Households

1.6

Avg Household Size

31

Median Age

51%

College-Educated

91%

High-School Grad

2.2 sq mi

ZIP Area

4,278

Density / Sq Mi

$37,500

Median Household Income

$36,091

Median Earnings

$978

Median Rent

$205,400

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

• My Garage — 3001 Washington Ave, St. Louis, MO 63103
• Iron Mountain — 2620 Samuel Shepard Dr, St. Louis, MO 63103
• Store Space Self Storage — 725 N 23rd St, St. Louis, MO 63103
• Universal Storage — 2114 Carr St, St. Louis, MO 63106

Frequently Asked Questions

What type of property is this?

Warehouse - J-Industrial zoning and 27 parking spaces support practical warehouse and light-manufacturing operations.

Where is this warehouse located?

The property is located at 2730 Delmar Blvd Saint Louis, MO.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 15,000 square feet of industrial warehouse space; 18‑foot clear height; Exterior dock access