Office/Warehouse Building on 1.07
For Sale
Contact for pricing
620 Shenandoah Ave, Saint Louis, MO 63104
18,570 SF office/warehouse building for sale in St Louis.
Property Size18,975 SF
Lot Size2.13 Acres
Price / SF$57.97
Days on Market2426
Property Features for 620 Shenandoah Ave
General Information
Standard status
Active
Size
18,975 SF
Lot size
2.13 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Intelica CRE
(314) 270-5991
Listed By:
Dan Merlo, CCIM · License #1999093826
(314) 409-1624
Source:
Moodyscre
Added: Feb 25, 2020
Changed: Oct 5
Last Checked: Oct 16 at 10:23AM
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 CRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an 18,570 square foot office/warehouse building situated on 1.07 acres. The building includes 2,610 square feet of office space. The warehouse area features a 15.5-foot clear ceiling height and 40'x24' column spacing. Loading and access are facilitated by two docks and one drive-in door.
Key Highlights
- 18,570 sf office/warehouse building on 1.07 acres
- Features 2,610 sf of office space
- 15.5' clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,340
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,826,800
$1.8M
Cap Rate 7%
$1,304,857
$1.3M
Cap Rate 9%
$1,014,889
$1.0M
Market Conditions
NOI Build-Up for 18,975 SF
Gross rent
$112.5K $5.93/SF
− Vacancy
−$5.1K −$0.27/SF
EGI
$107.5K $5.66/SF
− OpEx
−$16.1K −$0.85/SF
NOI
$91.3K $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 Rate 5%
$1,826,800
Cap Rate 7%
$1,304,857
Cap Rate 9%
$1,014,889
Alternative Uses
Best Use
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,340 @ 7.0% cap · market cap 8.30%
Second Best
Industrial
$1.07M
$940.3K – $1.25M
NOI $75,221 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,066 @ 7.0% cap · market cap 25.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,302
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- CGB Organic Grain — 800 Market St Ste. 1500A, St. Louis, MO 63101
- Shiftler Logistics Shiftler Logistics — 700 Olive St, St. Louis, MO 63101
- CitySpareSpace Luggage Storage — 1007 Washington Ave, St. Louis, MO 63101
- HITS (Downtown St Louis) — 911 Washington Ave Suite 415, St. Louis, MO 63101
- Universal Storage — 2114 Carr St, St. Louis, MO 63106
Frequently Asked Questions
What type of property is this?
Warehouse - 18,570 SF office/warehouse building for sale in St Louis.
Where is this warehouse located?
The property is located at 620 Shenandoah Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 18,570 sf office/warehouse building on 1.07 acres; Features 2,610 sf of office space; 15.5' clear ceiling height
