Expanded Industrial
For Sale
Contact for pricing
3242 S Kingshighway Blvd, Saint Louis, MO 63116
Industrial facility combining an established building with a substantial 2022 expansion and varied clear-height areas.
Property Size21,075 SF
Price / SF$113.88
Days on Market515
Property Features for 3242 S Kingshighway Blvd
General Information
Standard status
Active
Size
21,075 SF
Property subtype
INDUSTRIAL
Building Details
Year Built
2000
Year Renovated
2022
Listing Agency:
CBRE
(314) 655-6052
Listed By:
Richard Messey · License #2002026812
(314) 607-9108
Source:
Moodyscre
Added: Apr 4, 2025
Changed: Aug 29
Last Checked: Aug 30 at 8:38PM
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 CBRE
Investment Insights
Based on property information with market context.
This industrial property at 3242 S Kingshighway Blvd in Saint Louis, Missouri, combines a 10,275-square-foot original building completed in 2000 with a 10,800-square-foot expansion added in 2022. The combined property size is 21,075 square feet, providing a substantial industrial footprint across two construction phases.
Clear heights range from 14 feet to 15 feet 7 inches in the original portion, while the expansion offers 20 feet of clear height. The differing vertical dimensions create distinct areas within the facility for industrial operations requiring varied space characteristics.
Clear heights range from 14 feet to 15 feet 7 inches in the original portion, while the expansion offers 20 feet of clear height. The differing vertical dimensions create distinct areas within the facility for industrial operations requiring varied space characteristics.
Key Highlights
- 21,075‑square‑foot industrial property in Saint Louis, MO
- 10,275 SF original building completed in 2000
- 10,800‑square‑foot expansion completed in 2022
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
$83,546
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
3.48%
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%
$1,670,920
$1.7M
Cap Rate 7%
$1,193,514
$1.2M
Cap Rate 9%
$928,289
$928.3K
Market Conditions
NOI Build-Up for 21,075 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
$125.0K $5.93/SF
− Vacancy
−$5.6K −$0.27/SF
EGI
$119.4K $5.66/SF
− OpEx
−$35.8K −$1.70/SF
NOI
$83.5K $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%
$1,670,920
Cap Rate 7%
$1,193,514
Cap Rate 9%
$928,289
Alternative Uses
Best Use
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,546 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.96M – $5.28M
NOI $316,615 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial facility combining an established building with a substantial 2022 expansion and varied clear-height areas.
Where is this industrial property located?
The property is located at 3242 S Kingshighway Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 21,075‑square‑foot industrial property in Saint Louis, MO; 10,275 SF original building completed in 2000; 10,800‑square‑foot expansion completed in 2022
