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    8023 Florissant Ave Jennings, MO 63136

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    For Lease
    Contact for pricing

    Jennings, MO Shopping Center - 7 Spaces Available

    Lot size:
    372,098 SF

    Property Features for 8023 Florissant Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    372,098 SF
    Total Rate
    620163.33

    Building Details

    Year Built
    2006
    Buildings
    13
    Stories
    1

    Spaces For Lease

    at 8023 Florissant Ave, Jennings, MO 63136 Contact us
    Unit I3

    $20 /Mo

    Size
    3,200 SF
    Contact us
    Unit J2

    $20 /Mo

    Size
    1,226 SF
    Contact us
    Unit K - Outlot Opportunity

    $20 /Mo

    Size
    32,670 SF
    Contact us
    Unit J3

    $20 /Mo

    Size
    2,000 SF
    Contact us
    Unit H1

    $20 /Mo

    Size
    3,227 SF
    Contact us
    Unit B1

    $20 /Mo

    Size
    1,600 SF
    Contact us
    Unit I1

    $20 /Mo

    Size
    2,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Eddie Cherry
    Eddie Cherry

    Listing Agency: Manor Real Estate Listing Agent: Eddie Cherry

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 372,098 square foot shopping center, built in 2006, presents a unique investment opportunity in Jennings, Missouri. Located at the high-traffic intersection of West Florissant, Lucas, and Hunt Roads, this property boasts a prime location with three signalized entrances and two large pylon signs for maximum visibility. The center comprises 13 single-story buildings totaling 30 suites, offering a diverse range of space options from 1,226 to 32,670 square feet. With ample parking for 1,200 vehicles across its 23.54 acres, this center caters to a wide range of retail needs. Currently home to major anchors including Schnucks, Goodwill, Aldi, Rainbow, US Bank, Athletico, and Wendy's, this center benefits from a strong tenant mix and high foot traffic. Its strategic location directly across from Emerson's World Headquarters (a Fortune 500 company) and near Norwood Hills Country Club, I-70, UMSL, and Lambert International Airport ensures consistent customer flow. The property is zoned 31C-3 Retail - Shopping Center (APN: 13G-44-0225, St. Louis County). Seven spaces are currently available for lease, providing immediate income potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jennings
    County
    St Louis
    State
    Missouri
    Longitude
    -90.2735579
    Latitude
    38.7294659

    Nearby Similar for Lease

    • $2,000 /Mo
      263,538 SF

      Jennings Commercial Space For Lease

      Versatile commercial space in established Jennings plaza, high foot traffic.
      8970 Jennings Station Rd, Jennings, MO 63136
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Plaza Center

      Retail leasing opportunities in a shopping center with major anchors.
      8005 W Florissant Ave, Jennings, MO
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Jennings, MO Shopping Center - 7 Spaces Available
    Where is this lifestyle center located?
    The property is located at 8023 Florissant Ave Jennings, MO.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prominent retail leasing opportunities at the Plaza on the Boulevard Shopping Center.; Major anchors include Schnucks, Goodwill, Aldi, Rainbow, Athletico, and Wendy's.; Three signalized entrances and two large pylon signs provide excellent visibility.
    (314) 647-6611 Call to check price and availability
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    8023 Florissant Ave Jennings, MO 63136
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    Jennings, MO 63136
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    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
    8023 Florissant Ave Jennings, MO 63136
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eddie Cherry
    Eddie Cherry
    Real Estate License ID: 475204135
    (314) 647-6611 (314) 322-2510
    Learn more
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