Multi-Building Flex
For Sale
$2,475,000
5017 Northrup Avenue, Saint Louis, MO 63110
Commercial Sale, St Louis, MO
Property Size40,124 SF
Lot Size2.24 Acres
Price / SF$61.68
Days on Market26
Property Features for 5017 Northrup Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
City/Stlouis
Directions
GPS
Standard status
Active
APN
3998-22-0025-0
Lot size
2.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12892
Building Details
Year built
1901
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry
3146476611x11
Added: Sep 24
Changed: Oct 19
Last Checked: Oct 19 at 4:06PM
MLS# 26061921
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.
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Investment Insights
Based on property information with market context.
Northrup Business Center comprises two buildings totaling 40,124 square feet on 2.24 contiguous acres. Approximately 19,896 square feet is available across individual or combined suites. The property includes office space, warehouse bays, and a separate outbuilding with a walk-in cooler and food-service improvements. Warehouse bays have 17-to-19-foot clear heights and 12-foot overhead doors. Both buildings have 3-phase electric service and updated HVAC; the 5025 Northrup building is elevator-served and ADA-accessible, with a recently replaced roof covering most of its area. The property was built in 1901 and is zoned K - Unrestricted.
The site fronts South Kingshighway Boulevard at its signalized intersection with I-44. The corridor carries an estimated 38,000 vehicles per day, with onward connections to I-55 and I-64. Roof-signage rights provide highway exposure. The 5025 Northrup site has fencing, landscaping, and curb cuts on both its north and south sides; nearby businesses include a QT gas station and a U-Haul center.
The site fronts South Kingshighway Boulevard at its signalized intersection with I-44. The corridor carries an estimated 38,000 vehicles per day, with onward connections to I-55 and I-64. Roof-signage rights provide highway exposure. The 5025 Northrup site has fencing, landscaping, and curb cuts on both its north and south sides; nearby businesses include a QT gas station and a U-Haul center.
Key Highlights
- Two buildings totaling 40,124 square feet on 2.24 contiguous acres
- Approximately 19,896 square feet available across suites
- Warehouse bays have 17‑to‑19‑foot clear heights and 12‑foot overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,144
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,862,880
$3.9M
Cap Rate 7%
$2,759,200
$2.8M
Cap Rate 9%
$2,146,044
$2.1M
Market Conditions
NOI Build-Up for 40,124 SF
Gross rent
$237.9K $5.93/SF
− Vacancy
−$10.7K −$0.27/SF
EGI
$227.2K $5.66/SF
− OpEx
−$34.1K −$0.85/SF
NOI
$193.1K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,862,880
Cap Rate 7%
$2,759,200
Cap Rate 9%
$2,146,044
Alternative Uses
Best Use
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,144 @ 7.0% cap · market cap 7.80%
Second Best
Industrial
$2.27M
$1.99M – $2.65M
NOI $159,060 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$8.61M
$7.53M – $10.05M
NOI $602,792 @ 7.0% cap · market cap 24.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
19 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- JR's Gourmet — 1625 Sublette Ave, St. Louis, MO 63110
- Central State Sandwiches — 1601 Sublette Ave, St. Louis, MO 63110
- The Social Affair — 4308 Manchester Ave, St. Louis, MO 63110
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings offer adaptable suites with office, warehouse, food-service, and other uses under K - Unrestricted zoning.
Where is this flex space located?
The property is located at 5017 Northrup Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: Two buildings totaling 40,124 square feet on 2.24 contiguous acres; Approximately 19,896 square feet available across suites; Warehouse bays have 17‑to‑19‑foot clear heights and 12‑foot overhead doors
