Versatile Commercial Building For
For Sale
Contact for pricing
Pending
1401 S Florissant Rd St., Saint Louis, MO 63121
Adaptable commercial building suitable for auto or office use.
Property Size8,750 SF
Days on Market2203
Property Features for 1401 S Florissant Rd St.
General Information
Standard status
Pending
Size
8,750 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1964
Year Renovated
2021
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Calvert's Express Real Estate Co. LLC
(913) 709-2425
Listed By:
Gary Calvert · License #MO 2016016671
Source:
Crexi
Added: Aug 10, 2020
Changed: Aug 8
Last Checked: Aug 20 at 9:36PM
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 Calvert's Express Real Estate Co. LLC
Investment Insights
Based on property information with market context.
This 8,750-square-foot commercial building offers versatile potential. Currently configured for both auto body/paint and auto repair operations, the open floor plan allows for conversion into an office building with flexible space. The property is located on S Florissant Rd in St. Louis, MO. The current tenant has 5 years remaining on their lease.
Key Highlights
- Existing tenant with 5 years remaining on lease provides immediate income stream.
- Versatile open floor plan allows for conversion to an office building.
- Currently configured for both auto body/paint and auto repair shops.
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
$34,687
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
3.47%
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%
$693,740
$693.7K
Cap Rate 7%
$495,529
$495.5K
Cap Rate 9%
$385,411
$385.4K
Market Conditions
NOI Build-Up for 8,750 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
$51.9K $5.93/SF
− Vacancy
−$2.3K −$0.27/SF
EGI
$49.6K $5.66/SF
− OpEx
−$14.9K −$1.70/SF
NOI
$34.7K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
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%
$693,740
Cap Rate 7%
$495,529
Cap Rate 9%
$385,411
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,707 @ 7.0% cap · market cap 11.77%
Second Best
Industrial
$495.5K
$433.6K – $578.1K
NOI $34,687 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,453 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
Church's Chicken
Dining
8,920 visits/mo
0.5 miles
Lee's Famous Recipe Chicken
Dining
8,502 visits/mo
0.4 miles
Wingstop
Dining
2,996 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
2,665 visits/mo
0.4 miles
BP
Shops & Services
2,187 visits/mo
0.2 miles
Demographics for 63121, MO
22,909
Population
12,745
Households
1.8
Avg Household Size
40
Median Age
22%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
3,369
Density / Sq Mi
$41,285
Median Household Income
$31,613
Median Earnings
$938
Median Rent
$93,900
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
- Normandy Autobody — 7300 Natural Bridge Rd, St. Louis, MO 63121
- Kenny's Auto Repair — 7604 Florissant Rd, St. Louis, MO 63121
- D & D Fabrication and Repair — 2141 crescent, St. Louis, MO 63121
- Dee’s Towing — 7244 San Diego Ave #3, St. Louis, MO 63121
Frequently Asked Questions
What type of property is this?
Auto shop - Adaptable commercial building suitable for auto or office use.
Where is this auto shop located?
The property is located at 1401 S Florissant Rd St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Existing tenant with 5 years remaining on lease provides immediate income stream.; Versatile open floor plan allows for conversion to an office building.; Currently configured for both auto body/paint and auto repair shops.
