Development Opportunity Near
720 S 4th St St. Louis, MO 63102
720 S 4th St St., Louis, MO, 63102
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For Sale
Contact for pricing
Land with income potential near Cardinals Baseball Stadium.
Property Size18,525 SF
Price / SF$75.30
Days on Market2202
Property Features for 720 S 4th St St.
General Information
- Standard status
- Active
- Size
- 18,525 SF
- Property subtype
- Special Purpose
Listing Agency
Keys Realty
(314) 809-8541
Listed by
Ben Riley · License #MO 2016002029
Source
Crexi
Added: Jul 7, 2020 Checked: Jul 14 at 10:47 am
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
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.9k | $5.93 |
| − Vacancy | −$4.9k | −$0.27 |
| EGI | $104.9k | $5.66 |
| − OpEx | −$31.5k | −$1.70 |
| NOI | $73.4k | $3.96 |
18,525 SF · lease $5.93/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
Similar Off Market Nearby
- Penske Truck Rental — 2210 S 7th St, St. Louis, MO 63104
- Broadway Ford Truck & Van Rental — 1427 s 3rd st, st. louis, mo 63104
- Quinnco Sales, Inc. — 1201 S Broadway, St. Louis, MO 63104
- MTS Mobile Truck Repair St Louis — 2010 S 8th St #2st, St. Louis, MO 63104
- City Rent A Truck — 1427 S 3rd St, St. Louis, MO 63104
FAQs
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
