Industrial Warehouse in U
For Sale
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6609 Olive Blvd St, Saint Louis, MO
9,158 SF industrial warehouse with renovated office space.
Property Size9,158 SF
Lot Size0.24 Acres
Price / SF$54.49
Days on Market273
Property Features for 6609 Olive Blvd St
General Information
Standard status
Active
Size
9,158 SF
Lot size
0.24 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 6609 Olive Blvd St Contact us- Floor
- Bldg
- Size
- 9,158 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Olive Blvd Flex Industrial - University City
This 9,158 sq. ft. industrial warehouse in the heart of U City offers a functional...
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Listing Agency:
Manor Real Estate
(314) 518-5010
Listed By:
Benjamin R Cherry
(314) 518-5010
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 19
Last Checked: Aug 24 at 4:39AM
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 Manor Real Estate
Investment Insights
Based on property information with market context.
This 9,158 sq. ft. industrial warehouse is located in U City. It features a mix of office and warehouse space, offering regional connectivity. The property includes approximately 1,200 square feet (13%) of newly renovated office space and restrooms, along with 7,958 square feet (87%) of warehouse storage. Two front dock doors, one measuring 12’x10’ and the other 12’x12’, provide access. Existing racking may be included. The site is located approximately 3 miles from I-70 and 2 miles from I-64, providing accessibility across the St. Louis MSA. The space is available for lease.
Key Highlights
- Excellent regional connectivity, approximately 3 miles from I‑70 and 2 miles from I‑64.
- 9,158 sq. ft. industrial warehouse with a functional mix of office and warehouse space.
- Approximately 1,200 square feet of newly renovated office space and restrooms.
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
$44,084
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
8.83%
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%
$881,680
$881.7K
Cap Rate 7%
$629,771
$629.8K
Cap Rate 9%
$489,822
$489.8K
Market Conditions
NOI Build-Up for 9,158 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
$54.3K $5.93/SF
− Vacancy
−$2.4K −$0.27/SF
EGI
$51.9K $5.66/SF
− OpEx
−$7.8K −$0.85/SF
NOI
$44.1K $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%
$881,680
Cap Rate 7%
$629,771
Cap Rate 9%
$489,822
Alternative Uses
Best Use
Warehouse
$629.8K
$551.1K – $734.7K
NOI $44,084 @ 7.0% cap · market cap 8.83%
Second Best
Industrial
$518.6K
$453.8K – $605.1K
NOI $36,304 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,583 @ 7.0% cap · market cap 27.57%
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
- HITS (Downtown St Louis) — 911 Washington Ave Suite 415, St. Louis, MO 63101
- CGB Organic Grain — 800 Market St Ste. 1500A, St. Louis, MO 63101
- CitySpareSpace Luggage Storage — 1007 Washington Ave, St. Louis, MO 63101
- Universal Storage — 2114 Carr St, St. Louis, MO 63106
- Shiftler Logistics Shiftler Logistics — 700 Olive St, St. Louis, MO 63101
Frequently Asked Questions
What type of property is this?
Warehouse - 9,158 SF industrial warehouse with renovated office space.
Where is this warehouse located?
The property is located at 6609 Olive Blvd St Saint Louis, MO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Excellent regional connectivity, approximately 3 miles from I‑70 and 2 miles from I‑64.; 9,158 sq. ft. industrial warehouse with a functional mix of office and warehouse space.; Approximately 1,200 square feet of newly renovated office space and restrooms.
