Warehouse with Dock
For Sale
Contact for pricing
6038 N Lindbergh Blvd, Hazelwood, MO 63042
Warehouse facility with dock loading, high ceilings, and a repair garage.
Property Size69,356 SF
Price / SF$86.51
Days on Market2188
Property Features for 6038 N Lindbergh Blvd
General Information
Standard status
Active
Size
69,356 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
11
Listing Agency:
JLL | St. Louis
(314) 338-2080
Listed By:
Will Meehan · License #2017017342
(314) 202-8626
Source:
Moodyscre
Added: Oct 1, 2020
Changed: Sep 2
Last Checked: Sep 26 at 1:42PM
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 JLL | St. Louis
Investment Insights
Based on property information with market context.
Warehouse facility at 6038 N Lindbergh Blvd in Hazelwood, Missouri, with 20’-22’ ceiling heights and multiple loading improvements. The property includes 11 dock doors with levelers for loading and unloading operations.
A new repair garage provides two doors in new repair, adding dedicated service functionality within the industrial facility.
A new repair garage provides two doors in new repair, adding dedicated service functionality within the industrial facility.
Key Highlights
- 11 docks with levelers
- 20’-22’ ceiling height
- 2 doors in new repair garage
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
$333,857
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
5.56%
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%
$6,677,140
$6.7M
Cap Rate 7%
$4,769,386
$4.8M
Cap Rate 9%
$3,709,522
$3.7M
Market Conditions
NOI Build-Up for 69,356 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
$411.3K $5.93/SF
− Vacancy
−$18.5K −$0.27/SF
EGI
$392.8K $5.66/SF
− OpEx
−$58.9K −$0.85/SF
NOI
$333.9K $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%
$6,677,140
Cap Rate 7%
$4,769,386
Cap Rate 9%
$3,709,522
Alternative Uses
Best Use
Warehouse
$4.77M
$4.17M – $5.56M
NOI $333,857 @ 7.0% cap · market cap 5.56%
Second Best
Industrial
$3.93M
$3.44M – $4.58M
NOI $274,941 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$14.89M
$13.02M – $17.37M
NOI $1,041,951 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
11
Dock-high doors
Location Intelligence
Trade Area within ½ mile
324
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility with dock loading, high ceilings, and a repair garage.
Where is this warehouse located?
The property is located at 6038 N Lindbergh Blvd Hazelwood, MO.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 11 docks with levelers; 20’-22’ ceiling height; 2 doors in new repair garage
