Listing Agency: NAI DESCO Show Phone

Listed By: Anthony J (Tony) Salerno Show Phone

Source: Moodyscre

Added: Oct 7 Changed: Oct 10 Last Checked: Oct 11 at 9:50AM

Report an Issue

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 NAI DESCO

Investment Insights

Based on property information with market context.

This freestanding drug store contains 16,250 square feet and includes a rear loading area, pylon signage, and on-site parking.

The property occupies the corner of S. Grand Blvd and Bates St, where the intersection is signalized. The location records 11,051 VPD and sits within a residential area with 266,167 residents in a five-mile radius.

Key Highlights

• 16,250 SF freestanding drug store
• Signalized corner at S. Grand Blvd and Bates St
• 11,051 VPD

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,834

Cap Rate

3.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,396,680 $1.4M

Cap Rate 7%

$997,629 $997.6K

Cap Rate 9%

$775,933 $775.9K

Market Conditions

NOI Build-Up for 16,250 SF

Gross rent

$97.5K $6.00/SF

− Vacancy

−$4.4K −$0.27/SF

EGI

$93.1K $5.73/SF

− OpEx

−$23.3K −$1.43/SF

NOI

$69.8K $4.30/SF

Area

St. Louis County, MO

Vacancy

4.50%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,396,680

Cap Rate 7%

$997,629

Cap Rate 9%

$775,933

Alternative Uses

Best Use

Retail

$3.12M

$2.73M – $3.64M (±1% cap)

NOI $218,599 @ 7.0% cap · market cap 9.72%

Second Best

Specialty Retail

$997.6K

$872.9K – $1.16M (±1% cap)

NOI $69,834 @ 7.0% cap · market cap 3.10%

Theoretical Best

Office A

$3.49M

$3.05M – $4.07M (±1% cap)

NOI $244,128 @ 7.0% cap · market cap 10.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Pharmacy Skin Care Clinic Spa & Massage Center

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

11,051 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

488

Businesses Nearby

27k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Dining 48%

Jack in the Box Dining

9,641 visits/mo 0.1 miles

BP Shops & Services

8,343 visits/mo 0.5 miles

Speedway Shops & Services

3,945 visits/mo 0.4 miles

Imo's Pizza Dining

1,701 visits/mo 0.4 miles

Domino's Pizza Dining

1,594 visits/mo 0.1 miles

Demographics for 63111, MO

19,538

Population

10,541

Households

1.9

Avg Household Size

37

Median Age

19%

College-Educated

86%

High-School Grad

3.2 sq mi

ZIP Area

6,106

Density / Sq Mi

$43,295

Median Household Income

$33,114

Median Earnings

$846

Median Rent

$115,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Story Showroom Building

Saint Louis, MO 63141

$1,995,000

17,820 SF

View details

Retail Property Near Industrial Area

Saint Louis, MO 63115

Contact for pricing

14,820 SF

View details

Historic Mixed-Use Building

Saint Louis, MO 63122

$1,299,000

6,475 SF

View details

Retail Building Requiring Renovation

4314 N Grand Blvd, Saint Louis, MO 63107

Contact for pricing

12,960 SF

View details

Mixed-Use Property Portfolio

1443 S VANDEVENTER AVE, Saint Louis, MO 63110

Contact for pricing

21,892 SF

View details

Mixed-Use Building with Storefronts

Saint Louis, MO 63118

Contact for pricing

10,748 SF

View details

Mixed-Use Apartment Building

Saint Louis, MO 63118

$159,900

5,410 SF

View details

Mixed-Use Brick Building

Saint Louis, MO 63104

$439,900

4,164 SF

View details

Retail Building with Ample Parking

8205 Gravois Rd, Saint Louis, MO 63123

$649,000

3,200 SF

View details

Mixed-Use Building with 4 Apartments

Saint Louis, MO 63116

$270,000

4,505 SF

View details

Mixed-Use Building with Apartments

Saint Louis, MO 63104

$450,000

3,600 SF

View details

Mixed-Use Building with Showroom

Saint Louis, MO 63104

$525,000

3,106 SF

View details

Similar Off Market Nearby

• Winkelmann Sons Drug — 3300 Meramec St, St. Louis, MO 63118

Frequently Asked Questions

What type of property is this?

Drug store - A standalone retail building offers pylon signage and on-site parking for customer and staff access.

Where is this drug store located?

The property is located at 5550 S Grand Blvd Saint Louis, MO.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 16,250 SF freestanding drug store; Signalized corner at S. Grand Blvd and Bates St; 11,051 VPD