Historic Downtown Performance
For Sale
$699,000
Pending
700 S Broadway St, Louis, MO 63102
Commercial Sale, St Louis, MO
Property Size8,202 SF
Lot Size0.07 Acres
Days on Market166
Property Features for 700 S Broadway St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Open
Subdivision
Public Schools
Directions
GPS
Standard status
Pending
APN
0160-00-0090-7
Size
8,202 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
4930
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1899
Floors in Building
3
Building materials
Brick
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
(314) 647-6611
Added: Mar 13
Changed: Aug 24
Last Checked: Aug 25 at 3:06AM
MLS# 24078787
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.
Built in 1899, this 8,202-square-foot brick theater and concert hall occupies three stories at 700 S. Broadway in St. Louis. The lower levels contain multiple bars, a performance stage, and kitchen facilities, while the top floor provides a residential apartment. Furniture, fixtures, and equipment are included with the property.
The building is served by forced-air heating, public water, and public sewer. An open parking lot is part of the property, and the site is identified as being in the city of St. Louis.
The building is served by forced-air heating, public water, and public sewer. An open parking lot is part of the property, and the site is identified as being in the city of St. Louis.
Key Highlights
- Three‑story, 8,202‑square‑foot building constructed in 1899
- Multiple bars, performance stage, and kitchen across the first and second floors
- Third‑floor residential apartment
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
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $100,882 @ 7.0% cap · market cap 14.43%
Second Best
Specialty Retail
$503.5K
$440.6K – $587.5K
NOI $35,248 @ 7.0% cap · market cap 5.04%
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
2,637
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
White Castle
Dining
15,917 visits/mo
0.2 miles
BP
Shops & Services
14,364 visits/mo
0.2 miles
Taco Bell
Dining
11,689 visits/mo
0.3 miles
Chase Bank
Shops & Services
4,473 visits/mo
0.4 miles
Rally's
Dining
3,276 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
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - Three-story entertainment property with bars, stage, kitchen, and an apartment above.
Where is this theater & concert hall located?
The property is located at 700 S Broadway St 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: Three‑story, 8,202‑square‑foot building constructed in 1899; Multiple bars, performance stage, and kitchen across the first and second floors; Third‑floor residential apartment
