Single Story Office Flex
For Sale
Contact for pricing
3324 Hollenberg Dr, Bridgeton, MO 63044
10500 SF office/flex building for sale or lease.
Property Size10,500 SF
Price / SF$78.57
Days on Market1585
Property Features for 3324 Hollenberg Dr
General Information
Standard status
Active
Size
10,500 SF
Class
B
Total Parking Spaces
48
Property subtype
Industrial, Mixed Use, Office, Special Purpose
Zoning
C
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Renovated
2016
Stories
1
Listing Agency:
Commercial Real Estate Solutions, LLC
(314) 775-2750
Listed By:
Lynn Richter · License #MO 2000153159
Source:
Crexi
Added: Apr 21, 2022
Changed: Aug 20
Last Checked: Aug 21 at 10:29AM
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 Commercial Real Estate Solutions, LLC
Investment Insights
Based on property information with market context.
This is a 10500 SF single-story office-flex building available for sale or lease. The property previously featured a 10x10 foot drive-in roll-up door, and the area is still visible on the plan, offering a variety of end-use opportunities. A small month-to-month tenant occupies approximately three offices and can stay or leave. The building offers exterior signage and a monument sign opportunity.
Key Highlights
- 10,500 SF single‑story office/flex building.
- Available for sale or lease.
- Potential for drive‑in roll‑up door (10x10 foot).
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
$41,624
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
5.05%
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%
$832,480
$832.5K
Cap Rate 7%
$594,629
$594.6K
Cap Rate 9%
$462,489
$462.5K
Market Conditions
NOI Build-Up for 10,500 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
$62.3K $5.93/SF
− Vacancy
−$2.8K −$0.27/SF
EGI
$59.5K $5.66/SF
− OpEx
−$17.8K −$1.70/SF
NOI
$41.6K $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%
$832,480
Cap Rate 7%
$594,629
Cap Rate 9%
$462,489
Alternative Uses
Best Use
Industrial
$594.6K
$520.3K – $693.7K
NOI $41,624 @ 7.0% cap · market cap 5.05%
Second Best
Flex RnD
$558.7K
$488.8K – $651.8K
NOI $39,107 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,744 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63044, MO
10,587
Population
4,634
Households
2.3
Avg Household Size
43
Median Age
37%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
634
Density / Sq Mi
$76,094
Median Household Income
$45,822
Median Earnings
$1,093
Median Rent
$232,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 10500 SF office/flex building for sale or lease.
Where is this flex space located?
The property is located at 3324 Hollenberg Dr Bridgeton, MO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 10,500 SF single‑story office/flex building.; Available for sale or lease.; Potential for drive‑in roll‑up door (10x10 foot).
