Mixed-Use Property with
For Sale
$495,000
8915 S Broadway, Saint Louis, MO 63125
A multi-parcel holding brings together office and warehouse space, two apartments, a rental house, and several storage lots.
Property Size5,200 SF
Lot Size1.20 Acres
Price / SF$95.19
Days on Market95
Property Features for 8915 S Broadway
General Information
Standard status
Active
Size
5,200 SF
Lot size
1.20 Acres
Property subtype
Commercial
Zoning
Residential
Additional Details
Multifamily Units
3
Property Use
Office Warehouse
Taxes and HOA fees
Annual Taxes
$6,431
Building Details
Year Built
1960
Buildings
3
Stories
2
Building Size
5,200 SF
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers
(314) 614-8707
Source:
Flowershomerealty
Added: Jul 22
Changed: Oct 23
Last Checked: Oct 23 at 1:26PM
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 Flowers Home Realty
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Investment Insights
Based on property information with market context.
This mixed-use property spans several parcels totaling 1.2 acres. The main building contains 5,200 square feet of office and warehouse area, two apartments, and additional warehouse storage on the upper floor. One apartment is on each level; both are currently vacant. The property was built in 1960.
Other components include a fenced vacant storage yard, a residential rental house, two vacant lots, two storage lots, and a storage lot with a small garage. The property is zoned residential, while its existing industrial use is grandfathered as non-conforming.
Other components include a fenced vacant storage yard, a residential rental house, two vacant lots, two storage lots, and a storage lot with a small garage. The property is zoned residential, while its existing industrial use is grandfathered as non-conforming.
Key Highlights
- 5,200‑square‑foot office and warehouse building
- Two apartments, one on each floor; both are vacant
- Additional warehouse storage space on the upper floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,031
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,620
$500.6K
Cap Rate 7%
$357,586
$357.6K
Cap Rate 9%
$278,122
$278.1K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$30.8K $5.93/SF
− Vacancy
−$1.4K −$0.27/SF
EGI
$29.4K $5.66/SF
− OpEx
−$4.4K −$0.85/SF
NOI
$25.0K $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 Rate 5%
$500,620
Cap Rate 7%
$357,586
Cap Rate 9%
$278,122
Alternative Uses
Best Use
Mixed Use
$913.7K
$799.5K – $1.07M
NOI $63,958 @ 7.0% cap · market cap 12.92%
Second Best
Apartment 5plus
$691.3K
$604.9K – $806.5K
NOI $48,391 @ 7.0% cap · market cap 9.78%
Theoretical Best
Office A
$1.12M
$976.5K – $1.30M
NOI $78,121 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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Business Placement
Demographics for 63125, MO
32,816
Population
14,741
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
3,315
Density / Sq Mi
$59,683
Median Household Income
$40,409
Median Earnings
$920
Median Rent
$166,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A multi-parcel holding brings together office and warehouse space, two apartments, a rental house, and several storage lots.
Where is this mixed-use property located?
The property is located at 8915 S Broadway Saint Louis, MO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,200‑square‑foot office and warehouse building; Two apartments, one on each floor; both are vacant; Additional warehouse storage space on the upper floor
