Mixed-Use Building with
3465-67 South Grand, Saint Louis, MO 63118
For Sale
New
$525,000
Upper-level residences sit above commercial space, with a full basement and off-street parking.
Property Size2,000 SF
Price / SF$262.50
Days on Market2
Property Features for 3465-67 South Grand
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Tenant in Place
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
Listed By:
Lisa Alexander · License #1999111692
(314) 258-1069
Source:
Nations-network
Added: Nov 8
Last Checked: Aug 25 at 5:14AM
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 Berkshire Hathaway HomeServices Select Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot mixed-use property combines residential apartments on the upper floor with commercial space at street level. A full basement adds additional interior area, and off-street parking is available. The apartments have been updated, and long-term residents occupy the units.
A bus route serves the property, with a grocery store directly across the street. Restaurants and shopping are nearby. Built in 1950, the building also has alley access.
A bus route serves the property, with a grocery store directly across the street. Restaurants and shopping are nearby. Built in 1950, the building also has alley access.
Key Highlights
- 2,000‑square‑foot mixed‑use property
- Apartments upstairs and commercial space on the ground floor
- Full basement and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,599
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,980
$492.0K
Cap Rate 7%
$351,414
$351.4K
Cap Rate 9%
$273,322
$273.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$45.2K $22.62/SF
− Vacancy
−$5.9K −$2.94/SF
EGI
$39.4K $19.68/SF
− OpEx
−$14.8K −$7.38/SF
NOI
$24.6K $12.30/SF
Area
St. Louis County, MO
Vacancy
13.00%
Lease Rate
$22.62 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,980
Cap Rate 7%
$351,414
Cap Rate 9%
$273,322
Alternative Uses
Best Use
Mixed Use
$351.4K
$307.5K – $410.0K
NOI $24,599 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$265.9K
$232.7K – $310.2K
NOI $18,612 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$429.2K
$375.6K – $500.8K
NOI $30,046 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Mixed-use properties in Saint Louis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-level residences sit above commercial space, with a full basement and off-street parking.
Where is this mixed-use property located?
The property is located at 3465-67 South Grand 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: 2,000‑square‑foot mixed‑use property; Apartments upstairs and commercial space on the ground floor; Full basement and off‑street parking
