Storefront Property with Flat
For Sale
$230,000
3536 Arsenal Street St, Louis, MO 63118
COMMERCIAL - St Louis, MO
Property Size1,540 SF
Lot Size0.08 Acres
Price / SF$149.35
Days on Market46
Property Features for 3536 Arsenal Street St
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Driveway
Subdivision
Piednoirs Re-Sub
Standard status
Active
APN
1462-00-0050-0
Size
1,540 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
C. B. 1462 ARSENAL 28 FT X 122 FT 8 1/2 IN PIEDNOIRS RE SUBDN LOT G
Tax Annual Amount
3836
Legal Description
C. B. 1462 ARSENAL 28 FT X 122 FT 8 1/2 IN PIEDNOIRS RE SUBDN LOT G
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Building materials
Brick, Wood Siding
Roof type
Flat
Listing Agency:
Intersection Real Estate
(314) 229-8216
Listed By:
Adam Kustra · License #2012025034
(314) 449-1991
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 21 at 8:06PM
MLS# 25029088
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 cleaned-out storefront property offers a blank slate for a new business. The building has been cleaned out and is ready for your vision, with a flat roof and brick exterior with wood siding. Heating includes electric and natural gas, and the property is served by public water and public sewer.
The site is located on Arsenal Street in St. Louis, just east of Grand, within walking distance to Tower Grove Park. The property includes driveway parking and has cable available.
Built in 1970, the property sits on a 0.0789-acre lot and includes 1,540 square feet. Its straightforward configuration and utility connections make it well-suited for an operator looking to establish a retail or storefront use.
The site is located on Arsenal Street in St. Louis, just east of Grand, within walking distance to Tower Grove Park. The property includes driveway parking and has cable available.
Built in 1970, the property sits on a 0.0789-acre lot and includes 1,540 square feet. Its straightforward configuration and utility connections make it well-suited for an operator looking to establish a retail or storefront use.
Key Highlights
- 0.0789‑acre lot with 1,540 SF storefront building
- Cleaned out and ready for a new business vision
- Brick exterior with wood siding; flat roof
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
$20,716
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
9.01%
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%
$414,320
$414.3K
Cap Rate 7%
$295,943
$295.9K
Cap Rate 9%
$230,178
$230.2K
Market Conditions
NOI Build-Up for 1,540 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
$34.4K $22.32/SF
− Vacancy
−$4.8K −$3.10/SF
EGI
$29.6K $19.22/SF
− OpEx
−$8.9K −$5.77/SF
NOI
$20.7K $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /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%
$414,320
Cap Rate 7%
$295,943
Cap Rate 9%
$230,178
Alternative Uses
Best Use
Retail
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.5K
$289.2K – $385.6K
NOI $23,136 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 36%
Electronics 4%
Starbucks
Dining
10,273 visits/mo
0.4 miles
BP
Shops & Services
10,215 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,344 visits/mo
0.3 miles
Qdoba Mexican Grill
Dining
5,799 visits/mo
0.1 miles
Commerce Bank
Shops & Services
5,418 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Cleaned-out storefront building with electric and natural gas heat, flat roof, and driveway parking on a small city lot.
Where is this storefront property located?
The property is located at 3536 Arsenal Street St Louis, MO.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 0.0789‑acre lot with 1,540 SF storefront building; Cleaned out and ready for a new business vision; Brick exterior with wood siding; flat roof
