Three-Story Nightclub
For Sale
$699,000
Pending
700 S Broadway, Saint Louis, MO 63102
Historic entertainment property with multiple bars, a performance stage, commercial kitchen, and an upper-level apartment.
Property Size8,202 SF
Days on Market608
Property Features for 700 S Broadway
General Information
Standard status
Pending
Size
8,202 SF
Additional Details
Furnished
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$4,930
Building Details
Year Built
1899
Buildings
1
Stories
3
Listing Agency:
MANOR REAL ESTATE
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
(314) 647-6611
Source:
Exprealty
Added: Dec 30, 2024
Changed: Aug 30
Last Checked: Aug 30 at 2:03AM
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.
Constructed in 1899, this three-story nightclub property at 700 S. Broadway in Saint Louis includes multiple bars, a stage, and a kitchen across the first and second floors. The third floor contains a residential apartment, creating a mixed-use configuration within the building.
Furniture, fixtures, and equipment are included in the sale. The property is located in downtown Saint Louis and has operated as a blues and jazz venue.
Furniture, fixtures, and equipment are included in the sale. The property is located in downtown Saint Louis and has operated as a blues and jazz venue.
Key Highlights
- Constructed in 1899
- Three‑story building at 700 S. Broadway, Saint Louis, MO
- Multiple bars, stage, and kitchen on the first and second floors
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
$35,248
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
5.04%
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%
$704,960
$705.0K
Cap Rate 7%
$503,543
$503.5K
Cap Rate 9%
$391,644
$391.6K
Market Conditions
NOI Build-Up for 8,202 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
$49.2K $6.00/SF
− Vacancy
−$2.2K −$0.27/SF
EGI
$47.0K $5.73/SF
− OpEx
−$11.7K −$1.43/SF
NOI
$35.2K $4.30/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
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%
$704,960
Cap Rate 7%
$503,543
Cap Rate 9%
$391,644
Alternative Uses
Best Use
Specialty Retail
$503.5K
$440.6K – $587.5K
NOI $35,248 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,221 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 35%
Home Improvements & Furnishings 1%
White Castle
Dining
15,917 visits/mo
0.1 miles
BP
Shops & Services
14,364 visits/mo
0.1 miles
Taco Bell
Dining
11,689 visits/mo
0.0 miles
Rally's
Dining
3,276 visits/mo
0.1 miles
Public Storage
Shops & Services
1,888 visits/mo
0.3 miles
Demographics for 63102, MO
2,508
Population
1,986
Households
1.3
Avg Household Size
34
Median Age
48%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
1,791
Density / Sq Mi
$60,313
Median Household Income
$50,063
Median Earnings
$1,253
Median Rent
$179,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Great Grizzly Bear — 1027 Geyer Ave, St. Louis, MO 63104
Frequently Asked Questions
What type of property is this?
Night club - Historic entertainment property with multiple bars, a performance stage, commercial kitchen, and an upper-level apartment.
Where is this night club located?
The property is located at 700 S Broadway Saint Louis, MO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Constructed in 1899; Three‑story building at 700 S. Broadway, Saint Louis, MO; Multiple bars, stage, and kitchen on the first and second floors
