Mixed-Use Property With Auto
For Sale
$649,500
6800 Gravois Ave, Saint Louis, MO 63116
Three commercial spaces and three residential units include renovated apartments and an operating auto body shop with private parking.
Property Size11,280 SF
Price / SF$57.58
Days on Market11
Property Features for 6800 Gravois Ave
General Information
Standard status
Active
Size
11,280 SF
Property subtype
Residential Income
Additional Details
Corner Location
Yes
Service Bays
8
Taxes and HOA fees
Annual Taxes
$6,020
Amenities
private rear parking
new roof
fresh exterior paint
built-in paint booth
Bluetooth speakers
granite countertops
hardwood floors
modern kitchens
updated baths
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Worth Clark Realty
(314) 546-9024
Listed By:
Elvis Niksic · License #2018035406
(314) 546-9024
Source:
Exprealty
Added: Aug 7
Changed: Aug 16
Last Checked: Aug 16 at 3:59AM
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 Worth Clark Realty
Investment Insights
Based on property information with market context.
This mixed-use building combines three commercial spaces with three residential units in one versatile property. The commercial component includes a former H&R Block space suited to office or retail use, a second unit configured for a barber shop or boutique, and a third space connected to an operational auto body shop. The shop includes 8 car bays and a built-in paint booth.
The residential portion includes two renovated 2-bedroom apartments with updated framing, electrical, plumbing, HVAC, windows, hardwood flooring, granite countertops, kitchens, baths, and Bluetooth speakers. A third 1-bedroom apartment is partially finished. Additional building improvements include a new roof, fresh exterior paint, and private rear parking. The property is located at 6800 Gravois Ave in Saint Louis, MO, near major roads and amenities.
The residential portion includes two renovated 2-bedroom apartments with updated framing, electrical, plumbing, HVAC, windows, hardwood flooring, granite countertops, kitchens, baths, and Bluetooth speakers. A third 1-bedroom apartment is partially finished. Additional building improvements include a new roof, fresh exterior paint, and private rear parking. The property is located at 6800 Gravois Ave in Saint Louis, MO, near major roads and amenities.
Key Highlights
- Three commercial spaces and three residential units in one mixed‑use building
- Operational auto body shop with 8 car bays and a built‑in paint booth
- 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
Property Profile
Current Use
Lease Details
8
Service bays
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
773
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 - Three commercial spaces and three residential units include renovated apartments and an operating auto body shop with private parking.
Where is this mixed-use property located?
The property is located at 6800 Gravois Ave Saint 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: Three commercial spaces and three residential units in one mixed‑use building; Operational auto body shop with 8 car bays and a built‑in paint booth; Two renovated 2‑bedroom apartments with updated systems and finishes
