Building Details

Building Size 5,830 SF

Year Built 1935

Buildings 1

Stories 2

Construction brick

Listing Agency: Flowers Home Realty i***@flowershomerealty.com Show Phone

Listed By: Marletta Flowers · License #2006018112 Show Phone

Source: Flowershomerealty

Added: Oct 3, 2025 Changed: Oct 23 Last Checked: Oct 23 at 5:20PM

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Investment Insights

Based on property information with market context.

At 3135 Lafayette Avenue, this 5,830-square-foot mixed-use property has two stories of historic brick construction and dates to 1935. The upper floor contains a kitchen and two full restrooms; the building also has a separate prep kitchen and rooftop HVAC units. A rear garden lot offers the possibility of on-site parking. The property’s existing configuration may support adaptive reuse, including a potential residential layout on the second floor.

The building is in St. Louis’ Gate District, minutes from Downtown and SLU. Its office and warehouse character, upper-floor amenities, and rear lot are among its defining physical features.

Key Highlights

• 5,830‑square‑foot, two‑story mixed‑use property built in 1935
• Historic brick construction
• Second floor includes a kitchen and two full restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,064

Cap Rate

5.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,280 $561.3K

Cap Rate 7%

$400,914 $400.9K

Cap Rate 9%

$311,822 $311.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,830 SF

Gross rent

$34.6K $5.93/SF

− Vacancy

−$1.6K −$0.27/SF

EGI

$33.0K $5.66/SF

− OpEx

−$5.0K −$0.85/SF

NOI

$28.1K $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 Rate 5%

$561,280

Cap Rate 7%

$400,914

Cap Rate 9%

$311,822

Alternative Uses

Best Use

Mixed Use

$1.02M

$896.3K – $1.20M (±1% cap)

NOI $71,707 @ 7.0% cap · market cap 13.66%

Second Best

Warehouse

$400.9K

$350.8K – $467.7K (±1% cap)

NOI $28,064 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,585 @ 7.0% cap · market cap 16.68%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center HVAC Service Accounting Firm Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,232

Businesses Nearby

Explore this area Business Placement

Demographics for 63104, MO

19,317

Population

10,958

Households

1.8

Avg Household Size

34

Median Age

54%

College-Educated

94%

High-School Grad

3.4 sq mi

ZIP Area

5,681

Density / Sq Mi

$70,127

Median Household Income

$53,693

Median Earnings

$1,054

Median Rent

$249,500

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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Frequently Asked Questions

What type of property is this?

Mixed-use property - The upper level has a kitchen and two full restrooms, with a separate prep kitchen in the building.

Where is this mixed-use property located?

The property is located at 3135 Lafayette Avenue Saint Louis, MO.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 5,830‑square‑foot, two‑story mixed‑use property built in 1935; Historic brick construction; Second floor includes a kitchen and two full restrooms