Commercial Land with Existing
For Sale
$379,999
8889 Hall Street St, Louis, MO 63147
Commercial Sale, St Louis, MO
Property Size3,494 SF
Lot Size2.48 Acres
Price / SF$108.76
Days on Market57
Property Features for 8889 Hall Street St
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Subdivision
Francis Wagners Estate
Standard status
Active
APN
9113-00-0081-0
Lot size
2.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8582
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Flooring type
Tile - Ceramic
Building materials
Concrete
Listing Agency:
Wood Brothers Realty
Listed By:
Patrick Wood · License #2004025204
(314) 353-8888
Added: Jul 13
Changed: Aug 19
Last Checked: Sep 7 at 1:06PM
MLS# 26037136
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.
This 2.483-acre commercial land tract includes a 3,494-square-foot brick building constructed in 1982 as a McDonald's restaurant. The improvements feature ceramic tile flooring, central air conditioning, forced-air heating, and natural gas availability. Public water serves the property, while the site also includes parking and room for expansion, redevelopment, or outdoor storage.
The property is located at 8889 Hall Street in St. Louis and offers access to Interstates 270, 70, 55, and 44. Its setting provides connectivity to industrial, distribution, logistics, and riverfront business corridors, with nearby manufacturing facilities and the Port of St. Louis. The site is zoned "G" Local Commercial and Office; permitted uses are subject to buyer verification.
The property is located at 8889 Hall Street in St. Louis and offers access to Interstates 270, 70, 55, and 44. Its setting provides connectivity to industrial, distribution, logistics, and riverfront business corridors, with nearby manufacturing facilities and the Port of St. Louis. The site is zoned "G" Local Commercial and Office; permitted uses are subject to buyer verification.
Key Highlights
- 2.483‑acre commercial land site
- 3,494‑square‑foot brick building constructed in 1982 as a McDonald's restaurant
- Zoned "G" Local Commercial and Office
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
$15,015
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
3.95%
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%
$300,300
$300.3K
Cap Rate 7%
$214,500
$214.5K
Cap Rate 9%
$166,833
$166.8K
Market Conditions
NOI Build-Up for 3,494 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
$21.0K $6.00/SF
− Vacancy
−$943 −$0.27/SF
EGI
$20.0K $5.73/SF
− OpEx
−$5.0K −$1.43/SF
NOI
$15.0K $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%
$300,300
Cap Rate 7%
$214,500
Cap Rate 9%
$166,833
Alternative Uses
Best Use
Specialty Retail
$214.5K
$187.7K – $250.3K
NOI $15,015 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.9K
$656.1K – $874.9K
NOI $52,491 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Napa Auto Parts
Shops & Services
1,195 visits/mo
0.1 miles
The UPS Store
Shops & Services
442 visits/mo
0.4 miles
Demographics for 63147, MO
8,499
Population
4,542
Households
1.9
Avg Household Size
44
Median Age
12%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
1,441
Density / Sq Mi
$39,119
Median Household Income
$27,956
Median Earnings
$926
Median Rent
$70,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - G-zoned commercial site with an existing restaurant building, public water, and access to multiple interstate routes.
Where is this commercial land located?
The property is located at 8889 Hall Street St Louis, MO.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: 2.483‑acre commercial land site; 3,494‑square‑foot brick building constructed in 1982 as a McDonald's restaurant; Zoned "G" Local Commercial and Office
