Flex Space With Open
New
For Sale
Contact for pricing
2940 Benton St, Saint Louis, MO 63106
The adaptable interior can accommodate a range of commercial, industrial, storage, and office functions.
Property Size13,724 SF
Lot Size0.44 Acres
Price / SF$54.64
Days on Market4
Property Features for 2940 Benton St
General Information
Standard status
Active
Size
13,724 SF
Lot size
0.44 Acres
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Year Built
1928
Buildings
1
Building Size
13,724 SF
Listing Agency:
Wood Brothers Realty
(314) 353-8888
Listed By:
Patrick Wood · License #2004025204
(314) 520-1200
Source:
Moodyscre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 2:18AM
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 Wood Brothers Realty
Investment Insights
Based on property information with market context.
This flex property contains 13,724 square feet in a building constructed in 1928, with an open interior plan. The stated range of potential functions includes warehouse, distribution, storage, light manufacturing, office, and redevelopment uses. The property occupies an 18,949-square-foot lot.
Interstate 70, downtown St. Louis, and the National Geospatial-Intelligence Agency campus are identified as nearby access points and destinations. The address is 2940 Benton St in Saint Louis, Missouri.
Interstate 70, downtown St. Louis, and the National Geospatial-Intelligence Agency campus are identified as nearby access points and destinations. The address is 2940 Benton St in Saint Louis, Missouri.
Key Highlights
- 13,724‑square‑foot building constructed in 1928
- 18,949‑square‑foot lot
- Open interior plan with potential for warehouse, distribution, storage, light manufacturing, office, or redevelopment use
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
$66,063
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
8.81%
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%
$1,321,260
$1.3M
Cap Rate 7%
$943,757
$943.8K
Cap Rate 9%
$734,033
$734.0K
Market Conditions
NOI Build-Up for 13,724 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
$81.4K $5.93/SF
− Vacancy
−$3.7K −$0.27/SF
EGI
$77.7K $5.66/SF
− OpEx
−$11.7K −$0.85/SF
NOI
$66.1K $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 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%
$1,321,260
Cap Rate 7%
$943,757
Cap Rate 9%
$734,033
Alternative Uses
Best Use
Warehouse
$943.8K
$825.8K – $1.10M
NOI $66,063 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$777.2K
$680.1K – $906.8K
NOI $54,405 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,179 @ 7.0% cap · market cap 27.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
769
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - The adaptable interior can accommodate a range of commercial, industrial, storage, and office functions.
Where is this flex space located?
The property is located at 2940 Benton St Saint Louis, MO.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 13,724‑square‑foot building constructed in 1928; 18,949‑square‑foot lot; Open interior plan with potential for warehouse, distribution, storage, light manufacturing, office, or redevelopment use
