Industrial Warehouse with
For Sale
Contact for pricing
5915 Garfield Ave, Saint Louis, MO 63134
Industrial warehouse offering three drive-in doors, minimal office space, and outside storage on a small lot.
Property Size4,130 SF
Lot Size0.25 Acres
Price / SF$93.22
Days on Market184
Property Features for 5915 Garfield Ave
General Information
Standard status
Active
Size
4,130 SF
Lot size
0.25 Acres
Property subtype
INDUSTRIAL
Zoning
M-1
Additional Details
Outdoor Storage
Yes
Drive-In Doors
3
Listing Agency:
Hilliker Corporation
(314) 781-0001
Listed By:
Holland "Buddy" Chalfant
Source:
Moodyscre
Added: Mar 5
Changed: Aug 13
Last Checked: Jul 22 at 12:50PM
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 Hilliker Corporation
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse includes three drive-in doors and minimal office space. The property also has industrial outside storage and sits on a 0.25-acre lot.
The asset is zoned M-1 Industrial, supporting industrial use. It is suited for operators who need direct drive-in access and outdoor storage for equipment or materials.
The combined warehouse and storage configuration is designed for practical day-to-day use within an M-1 industrial zoning framework.
The asset is zoned M-1 Industrial, supporting industrial use. It is suited for operators who need direct drive-in access and outdoor storage for equipment or materials.
The combined warehouse and storage configuration is designed for practical day-to-day use within an M-1 industrial zoning framework.
Key Highlights
- 0.25‑acre industrial property with industrial outside storage
- (3) drive‑in doors for warehouse access
- Minimal office space on‑site
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
$19,880
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
5.16%
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%
$397,600
$397.6K
Cap Rate 7%
$284,000
$284.0K
Cap Rate 9%
$220,889
$220.9K
Market Conditions
NOI Build-Up for 4,130 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
$24.5K $5.93/SF
− Vacancy
−$1.1K −$0.27/SF
EGI
$23.4K $5.66/SF
− OpEx
−$3.5K −$0.85/SF
NOI
$19.9K $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%
$397,600
Cap Rate 7%
$284,000
Cap Rate 9%
$220,889
Alternative Uses
Best Use
Warehouse
$284.0K
$248.5K – $331.3K
NOI $19,880 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$886.4K
$775.6K – $1.03M
NOI $62,046 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63134, MO
12,737
Population
5,675
Households
2.2
Avg Household Size
35
Median Age
17%
College-Educated
86%
High-School Grad
8.3 sq mi
ZIP Area
1,535
Density / Sq Mi
$42,222
Median Household Income
$32,136
Median Earnings
$1,107
Median Rent
$92,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offering three drive-in doors, minimal office space, and outside storage on a small lot.
Where is this warehouse located?
The property is located at 5915 Garfield Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 0.25‑acre industrial property with industrial outside storage; (3) drive‑in doors for warehouse access; Minimal office space on‑site
