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    Downtown St. Louis Office Building Title is generated by Realmo AI

    906 Olive St St., Louis, MO 63101

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    Prominent office building in the heart of Downtown St. Louis.

    Type:Retail, Office
    Property size:
    26,646 SF
    Added:
    Mar 6, 2024
    Days on Market:
    821
    Last Refresh:
    May 12 at 8:45 pm

    Property Features for 906 Olive St St.

    General Information

    Standard status
    Active
    Size
    26,646 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1903

    Spaces For Lease

    at 906 Olive St St. Contact us

    Suite 925 $12/Mo

    Size
    1,094 SF
    Type
    Office
    Contact us

    Suite 350 $12/Mo

    Size
    3,577 SF
    Type
    Retail, Office
    Contact us

    908 Olive $12/Mo

    Size
    3,169 SF
    Type
    Retail, Office
    Contact us

    Suite 610 $12/Mo

    Size
    703 SF
    Type
    Retail, Office
    Contact us

    Suite 220 $12/Mo

    Size
    811 SF
    Type
    Retail, Office
    Contact us

    Suite 306 $12/Mo

    Size
    3,006 SF
    Type
    Retail, Office
    Contact us

    217 Olive $12/Mo

    Size
    2,217 SF
    Type
    Retail, Office
    Contact us

    Suite 425 $12/Mo

    Size
    4,202 SF
    Type
    Office
    Contact us

    Suite 1110 $12/Mo

    Size
    2,591 SF
    Type
    Retail, Office
    Contact us

    Suite 1000 $12/Mo

    Size
    3,966 SF
    Type
    Retail, Office
    Contact us

    Suite 410 $12/Mo

    Size
    1,668 SF
    Type
    Retail, Office
    Contact us

    Suite 320 $12/Mo

    Size
    3,557 SF
    Type
    Retail, Office
    Contact us

    Suite 935 $12/Mo

    Size
    3,095 SF
    Type
    Retail, Office
    Contact us

    Suite 1105 $12/Mo

    Size
    2,831 SF
    Type
    Retail, Office
    Contact us

    Suite 215 $12/Mo

    Size
    918 SF
    Type
    Office
    Contact us

    Suite 1010 $12/Mo

    Size
    1,582 SF
    Type
    Retail, Office
    Contact us

    Suite 500 $12/Mo

    Size
    13,323 SF
    Type
    Office
    Contact us

    Suite 1006 $12/Mo

    Size
    1,400 SF
    Type
    Office
    Contact us

    Suite 904 $12/Mo

    Size
    3,896 SF
    Type
    Office
    Contact us

    Suite 400 $12/Mo

    Size
    1,998 SF
    Type
    Office
    Contact us

    Suite 630 $12/Mo

    Size
    2,804 SF
    Type
    Office
    Contact us

    Suite 1212 $12/Mo

    Size
    1,570 SF
    Type
    Office
    Contact us

    Suite 1020 $12/Mo

    Size
    6,375 SF
    Type
    Retail, Office
    Contact us

    Suite 800 $12/Mo

    Size
    13,323 SF
    Type
    Retail, Office
    Contact us

    Suite 915 $12/Mo

    Size
    1,420 SF
    Type
    Office
    Contact us

    Penthouse Northwest $12/Mo

    Size
    1,062 SF
    Type
    Retail, Office
    Contact us

    Suite 1125 $12/Mo

    Size
    1,125 SF
    Type
    Retail, Office
    Contact us

    Penthouse South $12/Mo

    Size
    4,890 SF
    Type
    Office
    Contact us

    Suite 1220 $12/Mo

    Size
    3,113 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Jack Junker

    Listing agent Jack Junker License #2025011926

    Listing office Manor Real Estate

    Listing date Mar 6, 2024

    Source Crexi

    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

    HighLights

    • Prime Downtown St. Louis location on Olive Street, near Culinaria Grocery
    • Recently modernized lobby with doorman
    • High‑speed fiber optics available
    • Variety of office suite sizes available, from 700 sq ft to 26,646 sq ft
    • New elevator finishes
    • Updated exterior lighting and signage

    Overview

    The Frisco Building is a 13-story office building located in Downtown St. Louis. The building contains 175,000 square feet and has a modernized front lobby with doorman service. Additional features include new elevator finishes, high-speed fiber optics, exterior lighting, and signage. Office suites are available, ranging from 700 square feet to 26,646 square feet. The property is located on Olive Street between 9th and 10th, across from Culinaria Grocery.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.1926
    Latitude
    38.6312

    Nearby Similar for Lease

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      2,702 SF

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      Office suite for lease near Westport and I-270/Page.
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      Historic Landmark Commercial Space

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      Office Space in St Louis

      Office spaces available for lease in St Louis, MO.
      4301 Page Boulevard, St Louis, MO 63113
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      3,268 SF

      Office Space in St Louis

      Professional office space for lease near I-270/Page.
      2258 Schuetz Road, St Louis, MO 63146
      View Details
    • $14 SF/Yr
      2,859 SF

      Macklind Avenue Office Space Available

      Office space for lease in the Macklind Graphics Building.
      1327 Macklind Avenue, St Louis, MO 63110
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    • $400/Mo

      Office Spaces Near University

      Two office spaces available for lease near the University.
      7320 Florissant Road, St Louis, MO 63121
      View Details
    • $628/Mo

      Downtown St Louis Office Space

      Flexible office solutions in the heart of downtown St Louis.
      6 Cardinal Way, St Louis, MO 63102
      View Details
    • $1,000/Mo
      14,256 SF

      Sanctuary Available For Lease

      Church shared space available for lease in St. Louis.
      4301 Page, St Louis, MO 63113
      View Details
    • $400/Mo

      Retail Space in High-Traffic Area

      Retail spaces available in high-traffic St. Louis location.
      7954 N Broadway N, St Louis, MO 63147
      View Details
    • $1,500/Mo

      Retail Space in St Louis

      Recently renovated retail space suitable for various businesses.
      3355 S Jefferson Avenue, St Louis, MO 63118
      View Details
    • $1.00 SF/Yr

      Restaurant Space in Crown District

      Second generation restaurant space with potential patio access.
      4247 S Kingshighway, St Louis, MO 63110
      View Details
    • $15 SF/Yr
      3,044 SF

      Retail Spaces in St Louis

      Retail spaces for lease in St Louis, Missouri.
      4424 Woodson Road, St Louis, MO 63134
      View Details

    FAQs

    What type of property is this?
    Office building - Prominent office building in the heart of Downtown St. Louis.
    Where is this office building located?
    The property is located at 906 Olive St St. Louis, MO.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime Downtown St. Louis location on Olive Street, near Culinaria Grocery; Recently modernized lobby with doorman; High‑speed fiber optics available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Junker
    Real Estate License ID: 2025011926
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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