St. Louis Skatium For
For Sale
Contact for pricing
120 E Catalan St St., Saint Louis, MO 63111
Roller rink/warehouse with hardwood floors, includes business and building.
Property Size17,010 SF
Price / SF$52.62
Days on Market699
Property Features for 120 E Catalan St St.
General Information
Standard status
Active
Size
17,010 SF
Class
C
Total Parking Spaces
20
Property subtype
Business for Sale, Industrial, Special Purpose
Zoning
J - Industrial
Investment Type
Owner/User
Building Details
Year Built
1964
Buildings
1
Stories
1
Units
1
Listing Agency:
UNION REALTY, LLC:REAL ESTATE SERVICES
Listed By:
Christopher Bock · License #MO 2004028169
Source:
Crexi
Added: Sep 25, 2024
Changed: Aug 13
Last Checked: Aug 24 at 10:49AM
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 UNION REALTY, LLC:REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
The St. Louis Skatium, located at 120 E. Catalan St. in St. Louis, MO, is available for sale. This property functions as a classic roller rink featuring hardwood floors, and has been used for roller hockey, roller derby, and private parties. The 17,010 square foot building includes locker rooms, a game area, and a concession area. The sale includes the business and the building, as well as skates. The property is zoned J (Industrial) and is fully sprinkled. It is located off S. Broadway, just north of River City Casino Blvd.
Key Highlights
- Sale includes both the business (St. Louis Skatium) and the building.
- Classic roller rink with HARDWOOD FLOORS, suitable for roller hockey, roller derby, and private parties.
- Zoned‑J (Industrial), offering flexibility for various uses.
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
$81,881
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
9.15%
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%
$1,637,620
$1.6M
Cap Rate 7%
$1,169,729
$1.2M
Cap Rate 9%
$909,789
$909.8K
Market Conditions
NOI Build-Up for 17,010 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
$100.9K $5.93/SF
− Vacancy
−$4.5K −$0.27/SF
EGI
$96.3K $5.66/SF
− OpEx
−$14.4K −$0.85/SF
NOI
$81.9K $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%
$1,637,620
Cap Rate 7%
$1,169,729
Cap Rate 9%
$909,789
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,881 @ 7.0% cap · market cap 9.15%
Second Best
Industrial
$963.3K
$842.9K – $1.12M
NOI $67,431 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,545 @ 7.0% cap · market cap 28.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Skating rink - Roller rink/warehouse with hardwood floors, includes business and building.
Where is this skating rink located?
The property is located at 120 E Catalan St St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Sale includes both the business (St. Louis Skatium) and the building.; Classic roller rink with HARDWOOD FLOORS, suitable for roller hockey, roller derby, and private parties.; Zoned‑J (Industrial), offering flexibility for various uses.
