Listing Agency: eXp Realty i***@exprealty.net Show Phone

Listed By: Ryan Widerberg · License #475121545 Show Phone

Source: Exprealty

Added: Jan 22 Changed: Oct 1 Last Checked: Oct 16 at 11:35AM

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,721

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,420 $374.4K

Cap Rate 7%

$267,443 $267.4K

Cap Rate 9%

$208,011 $208.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,520 SF

Gross rent

$36.3K $14.40/SF

− Vacancy

−$2.2K −$0.89/SF

EGI

$34.0K $13.51/SF

− OpEx

−$15.3K −$6.08/SF

NOI

$18.7K $7.43/SF

Area

St. Clair County, IL

Vacancy

6.20%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,420

Cap Rate 7%

$267,443

Cap Rate 9%

$208,011

Alternative Uses

Best Use

Multifamily LT 5

$296.9K

$259.8K – $346.4K (±1% cap)

NOI $20,782 @ 7.0% cap · market cap 138.55%

Second Best

Apartment 5plus

$267.4K

$234.0K – $312.0K (±1% cap)

NOI $18,721 @ 7.0% cap · market cap 124.81%

Theoretical Best

Office A

$596.6K

$522.0K – $696.0K (±1% cap)

NOI $41,760 @ 7.0% cap · market cap 278.40%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Mobile Phone 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.

Location Intelligence

Trade Area within ½ mile

72

Businesses Nearby

Explore this area Business Placement

Demographics for 62207, IL

7,045

Population

3,395

Households

2.1

Avg Household Size

34

Median Age

13%

College-Educated

87%

High-School Grad

6.2 sq mi

ZIP Area

1,136

Density / Sq Mi

$29,184

Median Household Income

$28,307

Median Earnings

$803

Median Rent

$54,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

Where is this duplex located?

The property is located at 3312 Market St East Saint Louis, IL.