Mixed-Use Property with Auto
New
For Sale
$649,500
6800 gravios St, Louis, MO 63116
MULTI_FAMILY - Other - St Louis, MO
Property Size11,280 SF
Price / SF$57.58
Days on Market5
Property Features for 6800 gravios St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1
Subdivision
Cecil Place Add
Elementary school
Buder Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
5370-00-0450-7
Size
11,280 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
C.B. 5370 GRAVOIS AVE 105 FT 8 IN / 112 FT 10 1/4 X 114 FT 11 1/2 IN X 116 FT 11 1/2 IN CECIL PL ADDN BLOCK 2 LOTS 6 THRU 8
Tax Annual Amount
6020
Legal Description
C.B. 5370 GRAVOIS AVE 105 FT 8 IN / 112 FT 10 1/4 X 114 FT 11 1/2 IN X 116 FT 11 1/2 IN CECIL PL ADDN BLOCK 2 LOTS 6 THRU 8
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private rear parking
Building Details
Year built
1938
Building materials
Brick
Architectural style
Other
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Elvis Niksic
(800) 991-6092
Added: Aug 13
Last Checked: Aug 17 at 10:06AM
MLS# 26050585
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.
Investment Insights
Based on property information with market context.
The 11,280-square-foot mixed-use building contains three commercial spaces and three residential units. One commercial area is configured for office or retail use, while another is suited to a barber shop or boutique. The third commercial space connects to an auto body shop with eight car bays and a paint booth-ready setup. Private rear parking serves the property.
Two upstairs apartments are fully renovated two-bedroom units with updated framing, electrical, plumbing, HVAC, windows, hardwood flooring, granite countertops, kitchens, bathrooms, and Bluetooth speakers. A separate one-bedroom apartment is partially finished. Additional improvements include a new roof, fresh exterior paint, brick construction, forced-air heating, and central air conditioning. Built in 1938, the property combines commercial and residential components within one building.
Two upstairs apartments are fully renovated two-bedroom units with updated framing, electrical, plumbing, HVAC, windows, hardwood flooring, granite countertops, kitchens, bathrooms, and Bluetooth speakers. A separate one-bedroom apartment is partially finished. Additional improvements include a new roof, fresh exterior paint, brick construction, forced-air heating, and central air conditioning. Built in 1938, the property combines commercial and residential components within one building.
Key Highlights
- 11,280‑square‑foot building with 3 commercial spaces and 3 residential units
- Auto body shop includes 8 car bays and a paint booth‑ready setup
- Two renovated 2‑bedroom apartments with updated systems and finishes
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
$44,716
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
6.88%
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%
$894,320
$894.3K
Cap Rate 7%
$638,800
$638.8K
Cap Rate 9%
$496,844
$496.8K
Market Conditions
NOI Build-Up for 11,280 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
$66.9K $5.93/SF
− Vacancy
−$3.0K −$0.27/SF
EGI
$63.9K $5.66/SF
− OpEx
−$19.2K −$1.70/SF
NOI
$44.7K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
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%
$894,320
Cap Rate 7%
$638,800
Cap Rate 9%
$496,844
Alternative Uses
Best Use
Retail
$2.17M
$1.90M – $2.53M
NOI $151,742 @ 7.0% cap · market cap 23.36%
Second Best
Mixed Use
$1.98M
$1.73M – $2.31M
NOI $138,740 @ 7.0% cap · market cap 21.36%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,462 @ 7.0% cap · market cap 26.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Service bays
3
Residential units
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner building combines commercial space, renovated apartments, an auto body operation, and private rear parking.
Where is this mixed-use property located?
The property is located at 6800 gravios St Louis, MO.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: 11,280‑square‑foot building with 3 commercial spaces and 3 residential units; Auto body shop includes 8 car bays and a paint booth‑ready setup; Two renovated 2‑bedroom apartments with updated systems and finishes
