Warehouse with Outdoor
For Sale
Contact for pricing
600 James S McDonnell Boulevard, Hazelwood, MO 63042
83,277 SF warehouse with 4.5 acres of storage.
Property Size83,277 SF
Lot Size4.50 Acres
Price / SF$120.08
Days on Market199
Property Features for 600 James S McDonnell Boulevard
General Information
Standard status
Active
Size
83,277 SF
Lot size
4.50 Acres
Property subtype
Industrial
Listing Agency:
Intelica
(314) 744-8978
Listed By:
Drew Clary · License #MO 2015003640
Source:
Crexi
Added: Jan 31
Changed: Aug 14
Last Checked: Aug 17 at 3:00PM
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 Intelica
Investment Insights
Based on property information with market context.
This industrial redevelopment, located at 600 James McDonnell Blvd, is scheduled for completion in Q2 2024. The property features 83,277 square feet of warehouse space and 4.5 acres of fenced outdoor storage. The warehouse has a 22-foot clear height and column spacing of 24 feet by 36 feet. The south elevation includes three new dock doors, and there is one new oversized drive-in door. The exterior has been remodeled. The property offers convenient access to I-270 and I-70.
Key Highlights
- 83,277 SF Warehouse Space
- 4.5 Acres Fenced Outdoor Storage
- Easy Access to I‑270 and I‑70
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
$400,869
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
4.01%
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%
$8,017,380
$8.0M
Cap Rate 7%
$5,726,700
$5.7M
Cap Rate 9%
$4,454,100
$4.5M
Market Conditions
NOI Build-Up for 83,277 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
$493.8K $5.93/SF
− Vacancy
−$22.2K −$0.27/SF
EGI
$471.6K $5.66/SF
− OpEx
−$70.7K −$0.85/SF
NOI
$400.9K $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%
$8,017,380
Cap Rate 7%
$5,726,700
Cap Rate 9%
$4,454,100
Alternative Uses
Best Use
Warehouse
$5.73M
$5.01M – $6.68M
NOI $400,869 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.87M
$15.64M – $20.85M
NOI $1,251,090 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63042, MO
19,646
Population
9,619
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
92%
High-School Grad
10.4 sq mi
ZIP Area
1,889
Density / Sq Mi
$49,384
Median Household Income
$34,292
Median Earnings
$939
Median Rent
$138,800
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 - 83,277 SF warehouse with 4.5 acres of storage.
Where is this warehouse located?
The property is located at 600 James S McDonnell Boulevard Hazelwood, MO.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 83,277 SF Warehouse Space; 4.5 Acres Fenced Outdoor Storage; Easy Access to I‑270 and I‑70
