Downtown St. Louis Mixed-Use
318 N 8th St St. Louis, MO 63101
318 N 8th St St., Louis, MO, 63101
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For Sale
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Rehabbed mixed-use building with restaurant and office space for sale.
Property Size4,428 SF
Price / SF$157.86
Days on Market1080
Property Features for 318 N 8th St St.
General Information
- Standard status
- Active
- Size
- 4,428 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1893
Listing agency
King Realty Advisors
(314) 588-1900
Listed by
Bryan King · License #MO 2008036027
Source
Crexi
Added: Aug 7, 2023 Updated: Jul 6 at 8:38AM Checked: Jul 20 at 4:10AM
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 King Realty Advisors
Investment Insights
Based on property information with market context.
Located on the corner of 8th and Locust in Downtown St. Louis, this building has been gut rehabbed. It presents an opportunity for an owner/user to occupy the second floor, with a stabilized restaurant occupying the first floor. Each floor is approximately 2,214 square feet and features large windows, two restrooms, and private entries. The building has new systems throughout. A new EPDM roof was installed in February 2023. The first-floor restaurant lease has more than 9 years of lease term remaining. The second-floor office can be vacated upon close or leased back. The property size is 4,428 square feet.
Key Highlights
- Prime Downtown St. Louis location at the corner of 8th and Locust.
- Gut rehabbed building with new systems throughout.
- Stabilized restauranteur occupies the first floor with 9+ years of lease term remaining.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.2k | $22.62 |
| − Vacancy | −$13.0k | −$2.94 |
| EGI | $87.1k | $19.68 |
| − OpEx | −$32.7k | −$7.38 |
| NOI | $54.5k | $12.30 |
4,428 SF · lease $22.62/SF/yr · vacancy 13.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$778.0K
$680.8K – $907.7K
NOI $54,463 @ 7.0% cap · market cap 7.79%
Second Best
Office B
$772.0K
$675.5K – $900.6K
NOI $54,037 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$950.3K
$831.5K – $1.11M
NOI $66,523 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
King Realty Advisors
Real Estate Agency
BLDG BLOX USA ...
Construction Company
Gary Dedeke Inc
Architect
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FAQs
What type of property is this?
Mixed-use property - Rehabbed mixed-use building with restaurant and office space for sale.
Where is this mixed-use property located?
The property is located at 318 N 8th St St. Louis, MO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime Downtown St. Louis location at the corner of 8th and Locust.; Gut rehabbed building with new systems throughout.; Stabilized restauranteur occupies the first floor with 9+ years of lease term remaining.
