Development Opportunity Near
For Sale
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720 S 4th St St., Louis, MO 63102
Land with income potential near Cardinals Baseball Stadium.
Property Size18,525 SF
Price / SF$75.30
Days on Market2247
Property Features for 720 S 4th St 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
(314) 809-8541
Listed By:
Ben Riley · License #MO 2016002029
Source:
Crexi
Added: Jul 7, 2020
Changed: Aug 19
Last Checked: Aug 28 at 2:13PM
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
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 = 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
$73,437
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
5.26%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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 St. 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
