Eureka Industrial Building For
For Sale
Contact for pricing
530 Workman Rd, Eureka, MO
35,224 SF industrial building on 2.67 acres available.
Property Size35,224 SF
Lot Size2.67 Acres
Price / SF$99.36
Days on Market279
Property Features for 530 Workman Rd
General Information
Standard status
Active
Size
35,224 SF
Lot size
2.67 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 530 Workman Rd Contact us- Floor
- Bldg
- Size
- 35,224 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
530 Workman Rd
• 35,224 SF building available for sale or lease
• Divisible to +10,000 SF for...
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Listing Agency:
Colliers
(314) 435-8549
Listed By:
Daniel Bamberger, SIOR
(314) 435-8549
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Aug 8
Last Checked: Aug 19 at 1:34PM
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 Colliers
Investment Insights
Based on property information with market context.
A 35,224 square foot industrial building is available for sale or lease. The property is situated on a 2.67-acre lot and features an 18-foot clear height. The building is fully air-conditioned and suitable for single or multi-tenant occupancy. There is an auto parking lot with 80 spaces that has been recently resurfaced and striped. Loading is facilitated by one grade-level drive-in door, with the potential to add more. Zoned M-1, Light Industrial, the property offers excellent highway access to I-44.
Key Highlights
- Excellent highway access to I‑44
- 100% Air Conditioned
- 35,224 SF building available for sale or lease**
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
$169,557
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
4.84%
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%
$3,391,140
$3.4M
Cap Rate 7%
$2,422,243
$2.4M
Cap Rate 9%
$1,883,967
$1.9M
Market Conditions
NOI Build-Up for 35,224 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
$208.9K $5.93/SF
− Vacancy
−$9.4K −$0.27/SF
EGI
$199.5K $5.66/SF
− OpEx
−$29.9K −$0.85/SF
NOI
$169.6K $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 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%
$3,391,140
Cap Rate 7%
$2,422,243
Cap Rate 9%
$1,883,967
Alternative Uses
Best Use
Warehouse
$2.42M
$2.12M – $2.83M
NOI $169,557 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$1.99M
$1.75M – $2.33M
NOI $139,635 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$7.56M
$6.61M – $8.82M
NOI $529,178 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 35,224 SF industrial building on 2.67 acres available.
Where is this warehouse located?
The property is located at 530 Workman Rd Eureka, MO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Excellent highway access to I‑44; 100% Air Conditioned; 35,224 SF building available for sale or lease**
