Apartment Building with In-Unit
New
For Sale
$4,000,000
7201 Gravois Avenue, Saint Louis, MO 63116
Updated units include stainless steel appliances and modern finishes, with off-street parking available.
Property Size28,000 SF
Price / SF$142.86
Days on Market5
Property Features for 7201 Gravois Avenue
General Information
Standard status
Active
Size
28,000 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Listing Agency:
CBRE
Listed By:
Matt Bukhshtaber · License #2011029892
(314) 655-6060
Source:
Cbre
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 6:13PM
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 CBRE
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Investment Insights
Based on property information with market context.
This apartment property includes recently renovated units with stainless steel appliances, modern finishes, and in-unit laundry. Off-street parking is also provided.
The building is on Gravois Avenue in South St. Louis, within the Princeton Heights area. Willmore Park, Francis Park, and Carondelet Park are among the nearby recreational destinations. Shopping, dining, grocery stores, and other everyday services are in the surrounding area, with public transit access and connections to Hampton Avenue and I-55.
The building is on Gravois Avenue in South St. Louis, within the Princeton Heights area. Willmore Park, Francis Park, and Carondelet Park are among the nearby recreational destinations. Shopping, dining, grocery stores, and other everyday services are in the surrounding area, with public transit access and connections to Hampton Avenue and I-55.
Key Highlights
- Recently renovated units feature stainless steel appliances and modern finishes
- In‑unit laundry in renovated units
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,568
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,211,360
$5.2M
Cap Rate 7%
$3,722,400
$3.7M
Cap Rate 9%
$2,895,200
$2.9M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$504.0K $18.00/SF
− Vacancy
−$30.2K −$1.08/SF
EGI
$473.8K $16.92/SF
− OpEx
−$213.2K −$7.61/SF
NOI
$260.6K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,211,360
Cap Rate 7%
$3,722,400
Cap Rate 9%
$2,895,200
Alternative Uses
Best Use
Apartment 5plus
$3.72M
$3.26M – $4.34M
NOI $260,568 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,650 @ 7.0% cap · market cap 10.52%
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
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
331
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated units include stainless steel appliances and modern finishes, with off-street parking available.
Where is this apartment building located?
The property is located at 7201 Gravois Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Recently renovated units feature stainless steel appliances and modern finishes; In‑unit laundry in renovated units; Off‑street parking
