Office/Warehouse Building on 1.07
For Sale
Contact for pricing
620 Shenandoah Ave St, Saint Louis, MO
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 Market2380
Property Features for 620 Shenandoah Ave St
General Information
Standard status
Active
Size
18,975 SF
Lot size
2.13 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Intelica CRE
(314) 409-1624
Listed By:
Dan Merlo, CCIM · License #1999093826
(314) 409-1624
Source:
Moodyscre
Added: Feb 25, 2020
Changed: Jul 6
Last Checked: Aug 30 at 9:05PM
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
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 = 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
$91,340
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
8.30%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,302
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 St 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
