Industrial Property in St.
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3585 Tree Court Industrial Blvd St., Saint Louis, MO 63122
Industrial property occupied by BASF, a multinational chemical company.
Property Size23,500 SF
Price / SF$82.98
Days on Market1349
Property Features for 3585 Tree Court Industrial Blvd St.
General Information
Standard status
Active
Size
23,500 SF
Property subtype
Office, Industrial
Building Details
Year Built
1969
Listing Agency:
NAI DESCO
Listed By:
Michelle Goodwin · License #IL
(314) 994-4944
Source:
Crexi
Added: Dec 28, 2022
Changed: Aug 14
Last Checked: Sep 7 at 9:13AM
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 NAI DESCO
Investment Insights
Based on property information with market context.
Located at 3585 Tree Court Industrial Blvd in St. Louis, Missouri, this 23,500 square foot industrial property has been occupied by BASF since 2011. BASF is a German multinational chemical company and the largest chemical producer in the world. Founded in 1865, the BASF Group comprises subsidiaries and joint ventures in more than 80 countries. It operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. It is listed on the Frankfurt Exchange. In 2021, the company’s revenue was $78.6 billion euros or $78.3 billion US dollars.
Key Highlights
- Leased to BASF, the world's largest chemical producer.
- BASF has been a tenant at this location since 2011.
- BASF serves customers in over 190 countries and had approximately $78.3 billion in revenue in 2021.
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
$93,159
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
4.78%
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%
$1,863,180
$1.9M
Cap Rate 7%
$1,330,843
$1.3M
Cap Rate 9%
$1,035,100
$1.0M
Market Conditions
NOI Build-Up for 23,500 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
$139.4K $5.93/SF
− Vacancy
−$6.3K −$0.27/SF
EGI
$133.1K $5.66/SF
− OpEx
−$39.9K −$1.70/SF
NOI
$93.2K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /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%
$1,863,180
Cap Rate 7%
$1,330,843
Cap Rate 9%
$1,035,100
Alternative Uses
Best Use
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,159 @ 7.0% cap · market cap 4.78%
Second Best
Flex RnD
$1.25M
$1.09M – $1.46M
NOI $87,526 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $353,046 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63122, MO
41,319
Population
17,763
Households
2.3
Avg Household Size
43
Median Age
70%
College-Educated
98%
High-School Grad
14.5 sq mi
ZIP Area
2,850
Density / Sq Mi
$132,783
Median Household Income
$73,050
Median Earnings
$1,329
Median Rent
$449,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property occupied by BASF, a multinational chemical company.
Where is this flex space located?
The property is located at 3585 Tree Court Industrial Blvd St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Leased to BASF, the world's largest chemical producer.; BASF has been a tenant at this location since 2011.; BASF serves customers in over 190 countries and had approximately $78.3 billion in revenue in 2021.
