Multi-Tenant Warehouse with Dock
New
For Sale
Contact for pricing
79-85 Weldon Parkway, Maryland Heights, MO 63043
Industrial building with flexible tenant configuration, loading infrastructure, and a newly installed TPO roof.
Property Size20,208 SF
Lot Size1.38 Acres
Price / SF$119.87
Days on Market4
Property Features for 79-85 Weldon Parkway
General Information
Standard status
Active
Size
20,208 SF
Lot size
1.38 Acres
Property subtype
INDUSTRIAL
Occupancy
42%
Additional Details
Highway Access
Yes
Dock-High Doors
4
Building Details
Building Size
20,208 SF
Tenancy
Multi
Listing Agency:
Colliers
(314) 365-3529
Listed By:
Joseph Hill, CCIM, SIOR
(314) 365-3529
Source:
Moodyscre
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 9:32AM
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 Colliers
Investment Insights
Based on property information with market context.
This multi-tenant warehouse property contains 20,208 square feet on 1.38 acres and is arranged into four tenant spaces. Current occupancy is approximately 42%, including 8,427 square feet under lease and 11,679 square feet available for an owner-user. Four dock-high loading doors support warehouse operations, while a new TPO roof was installed in 2025.
The property is located at 79-85 Weldon Parkway in Maryland Heights, with immediate access to I-270 and convenient proximity to I-70, Page Avenue, and Lambert-St. Louis International Airport. Its Westport submarket location provides connectivity across the St. Louis region and places the building within an established industrial and business area.
The property is located at 79-85 Weldon Parkway in Maryland Heights, with immediate access to I-270 and convenient proximity to I-70, Page Avenue, and Lambert-St. Louis International Airport. Its Westport submarket location provides connectivity across the St. Louis region and places the building within an established industrial and business area.
Key Highlights
- 20,208 SF multi‑tenant industrial building on 1.38 acres
- Four tenant spaces with approximately 42% occupancy
- 11,679 SF available for an owner‑user
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
$56,219
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
4.02%
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%
$1,124,380
$1.1M
Cap Rate 7%
$803,129
$803.1K
Cap Rate 9%
$624,656
$624.7K
Market Conditions
NOI Build-Up for 11,679 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
$69.3K $5.93/SF
− Vacancy
−$3.1K −$0.27/SF
EGI
$66.1K $5.66/SF
− OpEx
−$9.9K −$0.85/SF
NOI
$56.2K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
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%
$1,124,380
Cap Rate 7%
$803,129
Cap Rate 9%
$624,656
Alternative Uses
Best Use
Warehouse
$803.1K
$702.7K – $937.0K
NOI $56,219 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,456 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Dock-high doors
42%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,598
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63043, MO
22,362
Population
9,616
Households
2.3
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
12.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$91,050
Median Household Income
$57,878
Median Earnings
$1,175
Median Rent
$215,900
Median Home Value
Market
Vacancy Rate% for Industrial 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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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with flexible tenant configuration, loading infrastructure, and a newly installed TPO roof.
Where is this warehouse located?
The property is located at 79-85 Weldon Parkway Maryland Heights, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 20,208 SF multi‑tenant industrial building on 1.38 acres; Four tenant spaces with approximately 42% occupancy; 11,679 SF available for an owner‑user
