Brick Restaurant
For Sale
$379,999
8889 Hall Street St, Louis, MO 63147
COMMERCIAL - St Louis, MO
Property Size3,494 SF
Lot Size2.48 Acres
Price / SF$108.76
Days on Market31
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
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Flooring type
Tile - Ceramic
Building materials
Concrete
Listing Agency:
Wood Brothers Realty
(314) 353-8888
Listed By:
Patrick Wood · License #2004025204
(314) 353-8888
Added: Jul 13
Changed: Aug 4
Last Checked: Aug 12 at 11:06AM
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.
Located at 8889 Hall Street, this redevelopment site includes a 3,494-square-foot brick restaurant building constructed in 1982 on a 2.48+/- acre parcel (108,159+/- square-foot lot). The property is zoned “G” Local Commercial and Office and offers a broad range of potential uses including retail, office, restaurant, and service-oriented businesses, with permitted use to be verified by the buyer.
The building includes tile - ceramic flooring and is served by natural gas heating (forced air) along with central air conditioning. Natural gas is available and the property is on public water.
The site is positioned just minutes from Interstates 270, 70, 55, and 44 and is described as providing access to regional industrial, distribution, logistics, and riverfront business corridors, including nearby manufacturing facilities and the Port of St. Louis. The offering includes ample parking and additional space for expansion, redevelopment, or outdoor storage.
The building includes tile - ceramic flooring and is served by natural gas heating (forced air) along with central air conditioning. Natural gas is available and the property is on public water.
The site is positioned just minutes from Interstates 270, 70, 55, and 44 and is described as providing access to regional industrial, distribution, logistics, and riverfront business corridors, including nearby manufacturing facilities and the Port of St. Louis. The offering includes ample parking and additional space for expansion, redevelopment, or outdoor storage.
Key Highlights
- 3,494‑square‑foot brick restaurant building built in 1982
- 2.48+/- acre property (108,159+/- square‑foot lot)
- Zoned “G” Local Commercial and Office; buyer to verify permitted use
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
Office B
$609.1K
$533.0K – $710.7K
NOI $42,639 @ 7.0% cap · market cap 11.22%
Second Best
Specialty Retail
$214.5K
$187.7K – $250.3K
NOI $15,015 @ 7.0% cap · market cap 3.95%
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
151
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office 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?
Conventional restaurant - Zoned G Local Commercial and Office, this 1982-built restaurant building includes central air and natural gas forced-air heating.
Where is this conventional restaurant 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: 3,494‑square‑foot brick restaurant building built in 1982; 2.48+/- acre property (108,159+/- square‑foot lot); Zoned “G” Local Commercial and Office; buyer to verify permitted use
