Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    387 Watson Plz St Louis, MO 63126

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease in Crestwood, St. Louis County.

    Property Features for 387 Watson Plz St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Gary Grewe
    Gary Grewe
    Source: Crexi

    Listing Agency: G.J. Grewe Brokerage & Development Listing Agent: Gary Grewe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Watson Plaza

    Located in Crestwood, St. Louis County, Missouri, Watson Plaza Shopping Center is anchored by Aldi, Dollar Tree, and Ollies. The shopping center is situated two miles east of Interstate 270 and Highway 44. Its central location draws traffic from the surrounding areas of Sunset Hills, Kirkwood, Webster Groves, Shrewsbury, and Sappington. The area has consistently been recognized as one of the most active ZIP codes for residential home purchases.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    Crestwood Court

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.379
    Latitude
    38.5502

    Nearby Similar for Lease

    • $1,500 /Mo
      5,105 SF

      Retail Space in St Louis

      Retail space available for lease in St Louis, MO.
      7954 N Broadway St, Louis, MO 63147
      View Details
    • $1,600 /Mo
      2,300 SF

      Historic Landmark Commercial Space

      Renovated 2300 SF space ideal for office or studio.
      3660 Gravois Ave St, Louis, MO 63116
      View Details
    • $400 /Mo
      3,485 SF

      Office Spaces Near University

      Two office spaces available for lease near the University.
      7320 Florissant Rd St, Louis, MO 63121
      View Details
    • $500 /Mo
      14,256 SF

      St Louis Mixed-Use Space

      Mixed-use property featuring office and church space for rent.
      4301 Page Blvd St, Louis, MO 63113
      View Details
    • $1,350 /Mo
      15,464 SF

      Versatile Commercial Space Available Now

      1,250 SF commercial space in high-visibility location for lease.
      12412 Lusher Rd St, Louis, MO 63138
      View Details
    • $3,830 /Mo
      92,447 SF

      Office Space in St Louis

      Professional office space with private offices, kitchenette, and conference room.
      2258 Schuetz Rd St, Louis, MO 63146
      View Details
    • $4,630 /Mo
      92,447 SF

      Office Space in St Louis

      Professional office space for lease near I-270/Page.
      2258 Schuetz Rd St, Louis, MO 63146
      View Details
    • $400 /Mo
      5,105 SF

      Retail Space in High-Traffic Area

      Retail spaces available in high-traffic St. Louis location.
      7954 N Broadway St N, Louis, MO 63147
      View Details
    • $13 SF/Yr
      4,900 SF

      Commercial Building in High-Traffic Area

      4,900 SF commercial building suitable for retail or office use.
      1434 Chambers Rd St, Louis, MO 63135
      View Details
    • Sponsored
      Contact for pricing

      MO, St. Louis - The Luxe on Lami

      Workspaces, services and support to help you work better in MO, St. Louis - The Luxe on Lami
      1031 Lami St 63104 St, Louis, MO 63104
      View Details
    • $14 SF/Yr
      4,221 SF

      Retail Space in Vibrant Neighborhood

      Retail units for lease in a high-traffic St. Louis location.
      5848-5858 Hampton Ave St, Louis, MO 63109
      View Details
    • Contact for pricing

      MO, St. Louis - Cedar Plaza

      Flexible workspace in MO, St. Louis - Cedar Plaza
      5000 Cedar Plz St, Louis, MO 63128
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in Crestwood, St. Louis County.
    Where is this shopping center located?
    The property is located at 387 Watson Plz St Louis, MO.
    What are key features of this property?
    This property features: - Anchored by Aldi, Dollar Tree, and Ollies, providing established customer traffic.; - Located in Crestwood, St. Louis County, Missouri.; - Centrally located, drawing traffic from multiple surrounding areas (Sunset Hills, Kirkwood, Webster Groves, Shrewsbury, and Sappington).
    Request Owner's contact information
    387 Watson Plz St Louis, MO 63126
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    387 Watson Plz St
    Louis, MO 63126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    387 Watson Plz St Louis, MO 63126
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gary Grewe
    Gary Grewe
    Real Estate License ID: 2015028704
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!