Downtown St. Louis Commercial
For Sale
Contact for pricing
920 Olive St St., Saint Louis, MO 63101
7,078 SF commercial condo in the heart of downtown.
Property Size7,078 SF
Price / SF$105.96
Days on Market713
Property Features for 920 Olive St St.
General Information
Standard status
Active
Size
7,078 SF
Property subtype
Retail
Zoning
I - Central Business District
Lease Type
NNN
Building Details
Year Built
1920
Year Renovated
2005
Buildings
1
Stories
2
Units
1
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry, CCIM · License #MO 2006018085
Source:
Crexi
Added: Sep 8, 2024
Changed: Aug 16
Last Checked: Aug 19 at 11:38PM
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 Manor Real Estate
Investment Insights
Based on property information with market context.
A 7,078 square foot commercial condo is available for sale in the Bell Lofts Building. Ideally located at the intersection of Olive and 10th Street in the heart of Downtown St. Louis' Central Business District, the condo is configured for a restaurant, bar, and/or event space. It can accommodate 180 patrons. An interior mezzanine level, accessible by elevator, provides additional seating. The property features an open kitchen area and a full basement for food storage, coolers, and utilities. All furniture, fixtures, and equipment are included. The Bell Lofts building features 24 residential condos and is on the National Registry of Historic Places.
Key Highlights
- 7,078 S.F. commercial condo configured for a restaurant, bar, and/or event space.
- Includes all furniture, fixtures, and equipment.
- Interior mezzanine level (accessible by elevator) for additional seating.
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
$30,418
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
4.06%
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%
$608,360
$608.4K
Cap Rate 7%
$434,543
$434.5K
Cap Rate 9%
$337,978
$338.0K
Market Conditions
NOI Build-Up for 7,078 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
$42.5K $6.00/SF
− Vacancy
−$1.9K −$0.27/SF
EGI
$40.6K $5.73/SF
− OpEx
−$10.1K −$1.43/SF
NOI
$30.4K $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%
$608,360
Cap Rate 7%
$434,543
Cap Rate 9%
$337,978
Alternative Uses
Best Use
Specialty Retail
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,334 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,163
Businesses Nearby
93k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 32%
Dining 27%
Shops & Services 27%
Groceries 14%
McDonald's
Dining
22,069 visits/mo
0.3 miles
BP
Shops & Services
16,588 visits/mo
0.5 miles
Marriott St. Louis Grand
Hotels & Casinos
13,023 visits/mo
0.2 miles
Schnucks
Groceries
12,829 visits/mo
0.2 miles
Holiday Inn St. Louis - Downtown Conv Ctr
Hotels & Casinos
7,878 visits/mo
0.1 miles
Demographics for 63101, MO
4,171
Population
2,457
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
10,428
Density / Sq Mi
$92,708
Median Household Income
$68,079
Median Earnings
$1,295
Median Rent
$228,300
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.
Similar Off Market Nearby
- St. Louis Sportservice by Delaware North — 405 s broadway, st. louis, mo 63102
- The Croquetterie — 1610 Olive St, St. Louis, MO 63108
- Red Zucchini PCS & Catering — 1610 Olive St, St. Louis, MO 63103
- Nirvana Catering — 1610 Olive St, St. Louis, MO 63103
- Centenary Commissary Kitchen — 1610 Olive St, St. Louis, MO 63103
Frequently Asked Questions
What type of property is this?
Restaurant - 7,078 SF commercial condo in the heart of downtown.
Where is this restaurant located?
The property is located at 920 Olive St St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7,078 S.F. commercial condo configured for a restaurant, bar, and/or event space.; Includes all furniture, fixtures, and equipment.; Interior mezzanine level (accessible by elevator) for additional seating.
