Building Details

Building Size 6,750 SF

Year Built 1908

Buildings 2

Tenancy Multi

Listing Agency: Intersection Real Estate a***@intersectionstl.com Show Phone

Listed By: Alex Adank · License #2017007680 Show Phone

Source: Flowershomerealty

Added: Mar 24 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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Investment Insights

Based on property information with market context.

This 6,750-square-foot mixed-use property comprises five units on two parcels at 3355–3359 S. Jefferson Avenue. The corner building includes a restaurant, a music venue, and a second-floor studio/loft. The adjoining building is configured with a ground-floor retail space and a second-floor office, which can operate separately. It was completely renovated in 2025, including new lower-level floor joists, plumbing, electrical, HVAC, and windows, along with interior cosmetic work. The corner building underwent major renovations about 15 years ago and has received additional updates since. The property was built in 1908. Both parcels are being offered together; the parking area north of the buildings is excluded.

Key Highlights

• Five units across two parcels, totaling 6,750 square feet
• Corner building includes a restaurant, music venue, and second‑floor studio/loft
• Adjacent building has separate retail and office spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,008

Cap Rate

3.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$580,160 $580.2K

Cap Rate 7%

$414,400 $414.4K

Cap Rate 9%

$322,311 $322.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,750 SF

Gross rent

$40.5K $6.00/SF

− Vacancy

−$1.8K −$0.27/SF

EGI

$38.7K $5.73/SF

− OpEx

−$9.7K −$1.43/SF

NOI

$29.0K $4.30/SF

Area

St. Louis County, MO

Vacancy

4.50%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$580,160

Cap Rate 7%

$414,400

Cap Rate 9%

$322,311

Alternative Uses

Best Use

Retail

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,803 @ 7.0% cap · market cap 12.11%

Second Best

Mixed Use

$1.19M

$1.04M – $1.38M (±1% cap)

NOI $83,022 @ 7.0% cap · market cap 11.07%

Theoretical Best

Office A

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,407 @ 7.0% cap · market cap 13.52%

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

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store Locksmith

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,353

Businesses Nearby

16k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 62% Shops & Services 29% Dining 9%

Save-A-Lot Groceries

10,046 visits/mo 0.1 miles

BP Shops & Services

4,610 visits/mo 0.2 miles

Imo's Pizza Dining

1,495 visits/mo 0.1 miles

Demographics for 63118, MO

25,194

Population

14,770

Households

1.7

Avg Household Size

34

Median Age

38%

College-Educated

87%

High-School Grad

3.4 sq mi

ZIP Area

7,410

Density / Sq Mi

$57,268

Median Household Income

$44,717

Median Earnings

$952

Median Rent

$210,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Five units across two parcels include restaurant, music venue, studio, retail, and office space.

Where is this mixed-use property located?

The property is located at 3355-59 S Jefferson Avenue Saint Louis, MO.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Five units across two parcels, totaling 6,750 square feet; Corner building includes a restaurant, music venue, and second‑floor studio/loft; Adjacent building has separate retail and office spaces