Flex Building with Loading
6609 Olive Boulevard, University City, MO 63130
For Sale
New
$490,000
Commercial Sale, University City, MO
Property Size9,158 SF
Lot Size0.24 Acres
Price / SF$53.51
Days on Market2
Property Features for 6609 Olive Boulevard
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Avenue Real Estate Group
Listed By:
Matthew Brown
(314) 665-2010
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 7:06AM
MLS# 26071400
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 9,158-square-foot flex property combines 1,200 square feet of renovated office area, including restrooms, with 7,958 square feet of warehouse space. The building has two loading docks: one measuring 12 feet by 10 feet and the other 12 feet by 12 feet. Constructed in 1945, it sits on a 0.2399-acre parcel at 6609 Olive Boulevard in University City.
The property is 3 miles from I-70 and 2 miles from I-64, providing access to both interstate routes. Block and brick are listed among the building’s construction materials.
The property is 3 miles from I-70 and 2 miles from I-64, providing access to both interstate routes. Block and brick are listed among the building’s construction materials.
Key Highlights
- 9,158 square feet total, with 7,958 square feet of warehouse space
- 1,200 square feet of renovated office area with restrooms
- Two loading docks: 12' x 10' and 12' x 12'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,084
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
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
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 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 9.00%
Second Best
Industrial
$518.6K
$453.8K – $605.1K
NOI $36,304 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,583 @ 7.0% cap · market cap 28.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63130, MO
29,454
Population
14,106
Households
2.1
Avg Household Size
35
Median Age
64%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
5,891
Density / Sq Mi
$81,103
Median Household Income
$50,407
Median Earnings
$1,199
Median Rent
$285,500
Median Home Value
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Market
Properties on Market for Flex space in St. Louis County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Cater al Fresco — 6233 Delmar Blvd #204, St. Louis, MO 63130
- Cafe Martin Catering — 725 Harvard Ave, St. Louis, MO 63130
Frequently Asked Questions
What type of property is this?
Flex space - A renovated office component and two loading docks serve alongside substantial warehouse space.
Where is this flex space located?
The property is located at 6609 Olive Boulevard University City, MO.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 9,158 square feet total, with 7,958 square feet of warehouse space; 1,200 square feet of renovated office area with restrooms; Two loading docks: 12' x 10' and 12' x 12'
