Industrial Flex
For Sale
Contact for pricing
8122 Reilly Ave, Saint Louis, MO 63111
Owner-user facility combining office, warehouse, and manufacturing space with fenced outdoor storage.
Property Size50,000 SF
Price / SF$46
Days on Market167
Property Features for 8122 Reilly Ave
General Information
Standard status
Active
Size
50,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Hilliker Corporation
(314) 781-0001
Listed By:
Paul Redel · License #2021019071
Source:
Moodyscre
Added: Mar 17
Changed: Aug 30
Last Checked: Aug 30 at 12:35PM
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 Hilliker Corporation
Investment Insights
Based on property information with market context.
Located at 8122 Reilly Ave in Saint Louis, this 50,000-square-foot flex facility combines office, warehouse, and manufacturing areas. The property includes 4,000 square feet of office space, clear heights ranging from 13.5 to 17.5 feet, and fenced outside storage across a 2.41-acre site.
The building is configured for loading and operational flexibility with 7 dock doors, 2 drive-in doors, and 1 oversized drive-in door offering 13 feet of clear height. Zoned “J” Industrial, the property is suited to an owner-user seeking integrated office and industrial functions.
The building is configured for loading and operational flexibility with 7 dock doors, 2 drive-in doors, and 1 oversized drive-in door offering 13 feet of clear height. Zoned “J” Industrial, the property is suited to an owner-user seeking integrated office and industrial functions.
Key Highlights
- 50,000 SF office, warehouse, and manufacturing facility
- 2.41‑acre site with fenced outside storage
- 4,000 SF of office space
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
$198,210
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
8.62%
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%
$3,964,200
$4.0M
Cap Rate 7%
$2,831,571
$2.8M
Cap Rate 9%
$2,202,333
$2.2M
Market Conditions
NOI Build-Up for 50,000 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
$296.5K $5.93/SF
− Vacancy
−$13.3K −$0.27/SF
EGI
$283.2K $5.66/SF
− OpEx
−$84.9K −$1.70/SF
NOI
$198.2K $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%
$3,964,200
Cap Rate 7%
$2,831,571
Cap Rate 9%
$2,202,333
Alternative Uses
Best Use
Office B
$8.72M
$7.63M – $10.17M
NOI $610,173 @ 7.0% cap · market cap 26.53%
Second Best
Warehouse
$3.44M
$3.01M – $4.01M
NOI $240,684 @ 7.0% cap · market cap 10.46%
Theoretical Best
Office A
$10.73M
$9.39M – $12.52M
NOI $751,162 @ 7.0% cap · market cap 32.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63111, MO
19,538
Population
10,541
Households
1.9
Avg Household Size
37
Median Age
19%
College-Educated
86%
High-School Grad
3.2 sq mi
ZIP Area
6,106
Density / Sq Mi
$43,295
Median Household Income
$33,114
Median Earnings
$846
Median Rent
$115,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Sugarwitch — 7726 Virginia Ave, St. Louis, MO 63111
Frequently Asked Questions
What type of property is this?
Flex space - Owner-user facility combining office, warehouse, and manufacturing space with fenced outdoor storage.
Where is this flex space located?
The property is located at 8122 Reilly Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 50,000 SF office, warehouse, and manufacturing facility; 2.41‑acre site with fenced outside storage; 4,000 SF of office space
