Building Details

Year built 1974

Floors in Building 1

Building materials Concrete, Block, Metal Siding

Roof type Asphalt, Shingle

Listing Agency: Strait Realty c***@straitrealty.com Show Phone

Listed By: Ann Campbell · License #2014010921 Show Phone

Added: Jul 29 Changed: Sep 28 Last Checked: Oct 12 at 10:06AM

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MLS# 24025244

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property includes a 12,000-square-foot building on 8 acres, with open-plan areas across both levels and multiple bathrooms. The walkout lower level contains a full kitchen, while the interior also provides numerous rooms suitable for offices, classrooms, or studios. Construction includes concrete, block, and metal siding, with forced-air and natural-gas heating, central air, and four HVAC systems.

Recent improvements include a new roof completed in 2022, a new asphalt parking lot added in 2021, and electrical upgrades. The site also includes a 12' x 16' storage building, a three-vehicle carport, open parking, chain-link fencing with a gate, public water, and septic service. Commercial/light industrial or residential use is supported by the stated zoning.

Key Highlights

• 12,000‑square‑foot building situated on 8 acres
• Commercial/Light Industrial or Residential zoning
• Open floor plan on both levels with multiple bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,820

Cap Rate

8.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,036,400 $1.0M

Cap Rate 7%

$740,286 $740.3K

Cap Rate 9%

$575,778 $575.8K

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$74.4K $6.20/SF

− Vacancy

−$372 −$0.03/SF

EGI

$74.0K $6.17/SF

− OpEx

−$22.2K −$1.85/SF

NOI

$51.8K $4.32/SF

Area

Jefferson County, MO

Vacancy

0.50%

Lease Rate

$6.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,036,400

Cap Rate 7%

$740,286

Cap Rate 9%

$575,778

Alternative Uses

Best Use

Industrial

$740.3K

$647.8K – $863.7K (±1% cap)

NOI $51,820 @ 7.0% cap · market cap 8.78%

Second Best

Flex RnD

$691.8K

$605.4K – $807.2K (±1% cap)

NOI $48,429 @ 7.0% cap · market cap 8.21%

Theoretical Best

Specialty Retail

$35.64M

$31.18M – $41.58M (±1% cap)

NOI $2,494,718 @ 7.0% cap · market cap 422.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Christian Fellowship Assembly Church

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Big Box & Wholesale Store Restaurant Auto Parts 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

57

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 63049, MO

16,929

Population

7,006

Households

2.4

Avg Household Size

41

Median Age

28%

College-Educated

93%

High-School Grad

24.9 sq mi

ZIP Area

680

Density / Sq Mi

$90,234

Median Household Income

$44,354

Median Earnings

$926

Median Rent

$209,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial/light industrial property with open-plan areas, multiple bathrooms, and a walkout lower level with kitchen facilities.

Where is this flex space located?

The property is located at 3483 High Ridge Boulevard High Ridge, MO.

What is the asking price?

The asking price for this property is $590,000.

What are key features of this property?

This property features: 12,000‑square‑foot building situated on 8 acres; Commercial/Light Industrial or Residential zoning; Open floor plan on both levels with multiple bathrooms