Development Opportunity Near
For Sale
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720 S 4th St, Saint Louis, MO 63102
Land with income potential near Cardinals Baseball Stadium.
Property Size18,525 SF
Price / SF$75.30
Days on Market2293
Property Features for 720 S 4th St
General Information
Standard status
Active
Size
18,525 SF
Total Parking Spaces
44
Property subtype
Special Purpose
Zoning
Opportunity
Lease Type
NNN
Investment Type
Stabilized
Building Details
Tenancy
Single
Listing Agency:
Keys Realty
Listed By:
Ben Riley · License #MO 2016002029
(314) 809-8541
Source:
Crexi
Added: Jul 7, 2020
Changed: Oct 6
Last Checked: Oct 14 at 11:00PM
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 Keys Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property, located just two blocks from the Cardinals Baseball Stadium, presents a development opportunity. The site currently generates income from parking during Cardinals games and from a tenant. There is potential to increase income from parking during Cardinals games and nearby restaurants. Seller financing is available. The property size is 18,525 square feet. The property is suitable for automotive, retail, commercial land, parking, and general commercial real estate uses.
Key Highlights
- Prime location: Just 2 blocks from Cardinals Baseball Stadium
- Development potential: Land is ripe for development
- Opportunity to generate income from parking during Cardinals games
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,437
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,740
$1.5M
Cap Rate 7%
$1,049,100
$1.0M
Cap Rate 9%
$815,967
$816.0K
Market Conditions
NOI Build-Up for 18,525 SF
Gross rent
$109.9K $5.93/SF
− Vacancy
−$4.9K −$0.27/SF
EGI
$104.9K $5.66/SF
− OpEx
−$31.5K −$1.70/SF
NOI
$73.4K $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 Rate 5%
$1,468,740
Cap Rate 7%
$1,049,100
Cap Rate 9%
$815,967
Alternative Uses
Best Use
Retail
$3.56M
$3.12M – $4.15M
NOI $249,203 @ 7.0% cap · market cap 17.86%
Second Best
Industrial
$1.05M
$918.0K – $1.22M
NOI $73,437 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,305 @ 7.0% cap · market cap 19.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
White Castle
Dining
15,917 visits/mo
0.1 miles
BP
Shops & Services
14,364 visits/mo
0.1 miles
Taco Bell
Dining
11,689 visits/mo
0.2 miles
Rally's
Dining
3,276 visits/mo
0.2 miles
Public Storage
Shops & Services
1,888 visits/mo
0.3 miles
Demographics for 63102, MO
2,508
Population
1,986
Households
1.3
Avg Household Size
34
Median Age
48%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
1,791
Density / Sq Mi
$60,313
Median Household Income
$50,063
Median Earnings
$1,253
Median Rent
$179,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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- Truck Rental at U-Haul — 418 S Tucker Blvd, St. Louis, MO 63102
Frequently Asked Questions
What type of property is this?
Automotive property - Land with income potential near Cardinals Baseball Stadium.
Where is this automotive property located?
The property is located at 720 S 4th St Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Prime location: Just 2 blocks from Cardinals Baseball Stadium; Development potential: Land is ripe for development; Opportunity to generate income from parking during Cardinals games
