Turnkey Catering Event
For Sale
Contact for pricing
4501 Ridgewood Ave, Saint Louis, MO 63116
Repurposed manufacturing/warehouse building with a full-service catering kitchen, event space, cooler/freezer, and freight elevator.
Property Size13,226 SF
Lot Size1.46 Acres
Price / SF$67.67
Days on Market290
Property Features for 4501 Ridgewood Ave
General Information
Standard status
Active
Size
13,226 SF
Total Parking Spaces
46
Lot size
1.46 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Commercial Hood
Yes
Listing Agency:
Howard Commercial Corp.
(314) 495-4959
Listed By:
Douglas D Howard
(314) 495-4958
Source:
Moodyscre
Added: Dec 1, 2025
Changed: Sep 10
Last Checked: Sep 16 at 5:20PM
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 Howard Commercial Corp.
Investment Insights
Based on property information with market context.
Originally constructed as a manufacturing/warehouse facility, this 13,226 SF building was repurposed as a catering and event space in 1976 and sits on 1.46 acres. The main level includes 10,186 SF of space with office space, a 4,000 SF event area, and a full-service catering kitchen totaling 4,512 SF. Kitchen equipment is included, including ovens, fryers, grills, hood, freezer, and refrigeration. The lower level offers 3,040 SF with cooler, storage, and mechanical/electrical space, along with a freight elevator, plus a drive-in door accessing the rear lot.
The property is described as having heavy power, dock-high loading/receiving, and parking for 46 spaces. It also includes abundant cooler space of 1,780 SF, supporting food production and service operations on-site.
While currently configured for catering and events, the building is described as easily convertible back to manufacturing/warehouse use, supported by its original manufacturing/warehouse structure and loading features.
The property is described as having heavy power, dock-high loading/receiving, and parking for 46 spaces. It also includes abundant cooler space of 1,780 SF, supporting food production and service operations on-site.
While currently configured for catering and events, the building is described as easily convertible back to manufacturing/warehouse use, supported by its original manufacturing/warehouse structure and loading features.
Key Highlights
- 13,226 SF multi‑purpose building originally constructed as a manufacturing/warehouse facility; repurposed as a catering/event space
- Main level includes 1,674 SF office space and 4,000 SF event space
- Full‑service catering kitchen totals 4,512 SF with ovens, fryers, grills, hood, freezer, and refrigeration included
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
$52,431
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
5.86%
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%
$1,048,620
$1.0M
Cap Rate 7%
$749,014
$749.0K
Cap Rate 9%
$582,567
$582.6K
Market Conditions
NOI Build-Up for 13,226 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
$78.4K $5.93/SF
− Vacancy
−$3.5K −$0.27/SF
EGI
$74.9K $5.66/SF
− OpEx
−$22.5K −$1.70/SF
NOI
$52.4K $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%
$1,048,620
Cap Rate 7%
$749,014
Cap Rate 9%
$582,567
Alternative Uses
Best Use
Industrial
$749.0K
$655.4K – $873.9K
NOI $52,431 @ 7.0% cap · market cap 5.86%
Second Best
Flex RnD
$703.7K
$615.8K – $821.0K
NOI $49,260 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,697 @ 7.0% cap · market cap 22.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Corporate Fare — 5856 Christy Blvd, St. Louis, MO 63116, United States
- Corporate Event Planning — 4501 Ridgewood Ave, St. Louis, MO 63116
Frequently Asked Questions
What type of property is this?
Flex space - Repurposed manufacturing/warehouse building with a full-service catering kitchen, event space, cooler/freezer, and freight elevator.
Where is this flex space located?
The property is located at 4501 Ridgewood Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 13,226 SF multi‑purpose building originally constructed as a manufacturing/warehouse facility; repurposed as a catering/event space; Main level includes 1,674 SF office space and 4,000 SF event space; Full‑service catering kitchen totals 4,512 SF with ovens, fryers, grills, hood, freezer, and refrigeration included
