Building Details

Year built 1943

Floors in Building 1

Building materials Brick

Listing Agency: Manor Real Estate Show Phone

Listed By: Ben Cherry Show Phone

Added: Feb 17 Changed: Oct 19 Last Checked: Oct 19 at 4:06AM

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MLS# 26008951

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Investment Insights

Based on property information with market context.

This 6,400-square-foot flex property contains three distinct areas: a restaurant, a recording studio, and a warehouse. The warehouse is currently leased, while the other spaces provide additional commercial configurations within the building. Brick construction and a 1943 build year contribute to the property’s established physical character.

The property fronts Shaw Avenue and Kingshighway in St. Louis’ The Hill neighborhood, within an area identified for restaurant activity and substantial pedestrian and vehicular movement. Six on-site parking spaces support access to the premises. The combination of restaurant, creative, and warehouse components gives the building a varied commercial layout for an owner-user or investor.

Key Highlights

• 6,400 SF flex property with three distinct commercial areas
• Includes restaurant, recording studio, and warehouse space
• 2,500 sq. ft. warehouse is currently leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,102

Cap Rate

8.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,562,040 $1.6M

Cap Rate 7%

$1,115,743 $1.1M

Cap Rate 9%

$867,800 $867.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,400 SF

Gross rent

$142.8K $22.32/SF

− Vacancy

−$38.7K −$6.05/SF

EGI

$104.1K $16.27/SF

− OpEx

−$26.0K −$4.07/SF

NOI

$78.1K $12.20/SF

Area

St. Louis County, MO

Vacancy

27.10%

Lease Rate

$22.32 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,562,040

Cap Rate 7%

$1,115,743

Cap Rate 9%

$867,800

Alternative Uses

Best Use

Office B

$1.12M

$976.3K – $1.30M (±1% cap)

NOI $78,102 @ 7.0% cap · market cap 8.69%

Second Best

Warehouse

$440.1K

$385.1K – $513.5K (±1% cap)

NOI $30,808 @ 7.0% cap · market cap 3.43%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,149 @ 7.0% cap · market cap 10.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Nail Salon Grocery & Convenience Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

844

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 63110, MO

18,199

Population

10,260

Households

1.8

Avg Household Size

33

Median Age

64%

College-Educated

97%

High-School Grad

6.6 sq mi

ZIP Area

2,757

Density / Sq Mi

$73,809

Median Household Income

$55,340

Median Earnings

$1,183

Median Rent

$314,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Similar Off Market Nearby

• Champagne Wishes — 2733 Hereford St, St. Louis, MO 63139
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Frequently Asked Questions

What type of property is this?

Flex space - Brick flex property combining restaurant, recording studio, and warehouse areas with on-site parking.

Where is this flex space located?

The property is located at 4916 Shaw Avenue Saint Louis, MO.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: 6,400 SF flex property with three distinct commercial areas; Includes restaurant, recording studio, and warehouse space; 2,500 sq. ft. warehouse is currently leased