Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9161 Florissant Ave St St. Louis, MO 63136

    Sponsored
    For Sale
    $325,000

    Prime Commercial Land, St. Louis, MO

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    This exceptional 1.67-acre commercial land parcel is strategically located at 9161 West Florissant Avenue in St. Louis, Missouri, zip code 63136, within St. Louis County. Offered at $325,000, this property presents a significant opportunity for developers and investors seeking a high-visibility location. The expansive lot size allows for considerable flexibility in development plans, catering to a wide range of commercial ventures. Its prime position on West Florissant Avenue ensures excellent visibility and accessibility for potential businesses. Ample parking is readily available, a key advantage for attracting customers and employees. The property's location within St. Louis County offers convenient access to major transportation routes and a thriving commercial landscape. This is an ideal site for businesses seeking high traffic counts and a strong presence in a busy commercial corridor. The property's size and location make it suitable for a variety of commercial uses, subject to local zoning regulations. Serious inquiries are encouraged to explore the potential of this exceptional commercial land opportunity. Coordinates for the property are latitude 38.73570069 and longitude -90.27878518.

    Property Features for 9161 Florissant Ave St

    General Information

    Property type
    Land
    Lot Size
    72,745 SF

    We can help!

    Listing Contact
    Patrick Willett
    Patrick Willett

    Learn more

    HighLights

    • Excellent accessibility.
    • High visibility from West Florissant Avenue.
    • Abundant on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Louis
    County
    St Louis
    State
    Missouri
    Longitude
    -90.27878518
    Latitude
    38.73570069

    Nearby Similar for Sale

    • $1,200,000
      3,254 SF

      St. Louis Convenience Store - $1.2M

      Prime Retail Location, 3,254 SF, 0.94 Acres
      11829 Lackland Rd St, St. Louis, MO 63146
      View Details
    • $435,000
      40,000 SF

      St. Louis Warehouse: Riverfront Gem

      40,000 SF Industrial Space, Historic Charm
      1322 Lewis St St, St. Louis, MO 63102
      View Details
    • $1,900,000
      43,175 SF

      Downtown St. Louis Industrial Site

      3.1-acre fenced industrial site, ideal for various uses.
      1900 Cole St St, St. Louis, MO 63106
      View Details
    • $300,000
      5,040 SF

      Downtown St. Louis Mixed-Use Building

      Prime location, high visibility, redevelopment potential.
      1907 Locust St St, St. Louis, MO 63103
      View Details
    • Contact for pricing
      4,000 SF

      Hanley Station Restaurant Space

      4,000 SF Restaurant, Prime Location
      1201 Strassner Dr St, St. Louis, MO 63144
      View Details
    • $375,000
      4,950 SF

      Cherokee Street Mixed-Use Gem

      Prime St. Louis redevelopment opportunity.
      3133 Cherokee St St, St. Louis, MO 63118
      View Details
    • $315,000
      3,000 SF

      Carondelet Retail Building For Sale

      3,000 sq ft, renovated, prime location
      6022 Virginia Ave St, St. Louis, MO 63111
      View Details
    • $2,900,000
      34,234 SF

      St. Louis Office Building Investment

      High-yield, multi-tenant office building
      1409 Washington Ave St, St. Louis, MO 63103
      View Details
    • $595,000
      34,316 SF

      Historic St. Louis Flex Warehouse

      Prime redevelopment opportunity near NGA.
      2118 Mullanphy St St, St. Louis, MO 63106
      View Details
    • $1,050,000
      3,826 SF

      St. Louis Retail Building - The Wedge

      Prime Retail Space, Vacant, 3826 SF
      4014 Chouteau Ave St, St. Louis, MO 63110
      View Details
    • $1,200,000
      17,000 SF

      Lemay Ferry Rd Creative Office Space

      St. Louis Office/Warehouse, Great Location!
      664 Lemay Fry Rd St, St. Louis, MO 63125
      View Details
    • $449,000
      3,800 SF

      Executive Suites, St. Louis, MO

      Prime Office Space - 3,800 SF, $449K
      9 The Pne Ct St, St. Louis, MO 63141
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, St. Louis, MO
    Where is this land located?
    The property is located at 9161 Florissant Ave St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Excellent accessibility.; High visibility from West Florissant Avenue.; Abundant on-site parking.
    (314) 968-9898
    Request Owner's contact information
    9161 Florissant Ave St St. Louis, MO 63136
    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.
    9161 Florissant Ave St
    St. Louis, MO 63136
    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
    9161 Florissant Ave St St. Louis, MO 63136
    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
    Patrick Willett
    Patrick Willett
    Real Estate License ID: MO 2002023299
    (314) 968-9898
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.