Building Details

Year Built 2024

Buildings 1

Listing Agency: CBRE - Saint Louis Show Phone

Listed By: Will Mura · License #MO2004036796

Source: Crexi

Added: Aug 20 Changed: Aug 29 Last Checked: Aug 29 at 9:00PM

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Investment Insights

Based on property information with market context.

This flex-space property offers 52,000 square feet configured for combined industrial and office use. The building was completed in 2024, providing a recently constructed commercial facility for an owner-user or other operational application supported by the existing layout.

The property encompasses 12.25 acres at 8989 Weier Rd. in Pevely, Missouri, with the building and land held together as one commercial asset. Its blend of industrial and office components creates a practical platform for businesses requiring both work areas and administrative space at the same location.

Key Highlights

• 52,000 SF industrial/office building
• 12.25‑acre commercial property
• Built in 2024

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

$655,050

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

7.36%

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%

$13,101,000 $13.1M

Cap Rate 7%

$9,357,857 $9.4M

Cap Rate 9%

$7,278,333 $7.3M

Market Conditions

NOI Build-Up for 52,000 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

$1.20M $23.04/SF

− Vacancy

−$324.7K −$6.24/SF

EGI

$873.4K $16.80/SF

− OpEx

−$218.4K −$4.20/SF

NOI

$655.1K $12.60/SF

Area

Jefferson County, MO

Vacancy

27.10%

Lease Rate

$23.04 /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%

$13,101,000

Cap Rate 7%

$9,357,857

Cap Rate 9%

$7,278,333

Alternative Uses

Best Use

Office B

$9.36M

$8.19M – $10.92M (±1% cap)

NOI $655,050 @ 7.0% cap · market cap 7.36%

Second Best

Warehouse

$3.90M

$3.41M – $4.54M (±1% cap)

NOI $272,670 @ 7.0% cap · market cap 3.06%

Theoretical Best

Specialty Retail

$154.43M

$135.13M – $180.17M (±1% cap)

NOI $10,810,444 @ 7.0% cap · market cap 121.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

124

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 63070, MO

7,659

Population

3,234

Households

2.4

Avg Household Size

37

Median Age

16%

College-Educated

92%

High-School Grad

15.0 sq mi

ZIP Area

511

Density / Sq Mi

$65,330

Median Household Income

$34,781

Median Earnings

$846

Median Rent

$209,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Flex space - A substantial facility combines industrial and office functions in one flexible commercial property.

Where is this flex space located?

The property is located at 8989 Weier Rd. Pevely, MO.

What is the asking price?

The asking price for this property is $8,900,000.

What are key features of this property?

This property features: 52,000 SF industrial/office building; 12.25‑acre commercial property; Built in 2024