Multi-Space Flex
For Sale
$899,000
4916 Shaw Avenue St, Louis, MO 63110
Commercial Sale, St Louis, MO
Property Size6,400 SF
Lot Size0.20 Acres
Price / SF$140.47
Days on Market229
Property Features for 4916 Shaw Avenue St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Fairmonts Add
Directions
GPS
Standard status
Active
APN
4091-00-0110-0
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5646
Building Details
Year built
1943
Floors in Building
1
Building materials
Brick
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
3146476611x11
Added: Feb 17
Changed: Sep 25
Last Checked: Oct 4 at 2:06AM
MLS# 26008951
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 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.
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 = 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
$78,102
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
8.69%
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%
$1,562,040
$1.6M
Cap Rate 7%
$1,115,743
$1.1M
Cap Rate 9%
$867,800
$867.8K
Market Conditions
NOI Build-Up for 6,400 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
$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 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%
$1,562,040
Cap Rate 7%
$1,115,743
Cap Rate 9%
$867,800
Alternative Uses
Best Use
Office B
$1.12M
$976.3K – $1.30M
NOI $78,102 @ 7.0% cap · market cap 8.69%
Second Best
Warehouse
$440.1K
$385.1K – $513.5K
NOI $30,808 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,149 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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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 St 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
