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St. Louis Warehouse and Distribution

4515-29 N Second Street & 202-210 Douglas St. Louis, MO 63147

4515-29 N Second Street & 202-210 Douglas St., Louis, MO, 63147
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Warehouse and distribution space available in St. Louis, Missouri.

Property Size22,604 SF
Price / SF$44.02
AddedOct 5, 2024
Days on Market649
Last RefreshMay 12 at 8:51 pm

Property Features for 4515-29 N Second Street & 202-210 Douglas St.

General Information

Standard status
Active
Size
22,604 SF
Property subtype
Office, Industrial

Listing office Hilliker Corporation

Listing date Oct 5, 2024

Source Crexi

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 Hilliker Corporation


Investment Insights

Based on property information with market context.

This commercial property in St. Louis, Missouri, offers warehouse and distribution space. The property, with a size of 22604 square feet, is suitable for businesses seeking such facilities.

Key Highlights

  • Warehouse/Distribution Space
  • Exceptional Value
  • Suitable for Business Use

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $134.0k $5.93
− Vacancy −$6.0k −$0.27
EGI $128.0k $5.66
− OpEx −$38.4k −$1.70
NOI $89.6k $3.96
22,604 SF · lease $5.93/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$3.94M
$3.45M – $4.60M (±1% cap)
NOI $275,847 @ 7.0% cap · market cap 27.72%
Second Best
Warehouse
$1.55M
$1.36M – $1.81M (±1% cap)
NOI $108,808 @ 7.0% cap · market cap 10.94%
Theoretical Best
Office A
$4.85M
$4.24M – $5.66M (±1% cap)
NOI $339,585 @ 7.0% cap · market cap 34.13%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Warehouses

Similar Off Market Nearby

  • Trilogy Warehouse Partners — 6501 Hall St, St. Louis, MO 63147

FAQs

What type of property is this?
Warehouse - Warehouse and distribution space available in St. Louis, Missouri.
Where is this warehouse located?
The property is located at 4515-29 N Second Street & 202-210 Douglas St. Louis, MO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Warehouse/Distribution Space; Exceptional Value; Suitable for Business Use
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