Industrial Building with
1247 Belgrove Dr St. Louis, MO 63137
1247 Belgrove Dr St., Louis, MO, 63137
Contact for pricing
For Sale
Contact for pricing
12,600 SF industrial building with warehouse and office space.
Property Size12,600 SF
Price / SF$43.57
Days on Market836
Property Features for 1247 Belgrove Dr St.
General Information
- Standard status
- Active
- Size
- 12,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing Agency
Barbermurphy Group
(618) 407-4240
Listed by
Tony Smallmon · License #IL 475120946
Source
Crexi
Added: Apr 2, 2024 Checked: Jul 16 at 9:15 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 Barbermurphy Group
Investment Insights
Based on property information with market context.
This 12,600 square foot industrial building is available for sale or lease. The property includes an 11,400 square foot warehouse featuring two 12-foot by 10-foot drive-in doors and one 12-foot by 14-foot drive-in door. It is equipped with 480 volt, 3-phase, 400 amp electric service and a 3-ton bridge crane with a 6-foot hook height. The building also contains 1,200 square feet of office space. Previously used as a machine shop, the property is situated in an industrial area, approximately 0.40 miles south of I-270 (exit 33) and Lilac Avenue.
Key Highlights
- Convenient location: 0.40 miles South of I‑270 (exit 33) and Lilac Ave.
- Substantial warehouse space: 11,400 SF
- Heavy power capacity: 480 volt, 3‑phase, 400 amp electric service.
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 | $74.7k | $5.93 |
| − Vacancy | −$3.4k | −$0.27 |
| EGI | $71.4k | $5.66 |
| − OpEx | −$21.4k | −$1.70 |
| NOI | $49.9k | $3.96 |
12,600 SF · lease $5.93/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$866.5K
$758.2K – $1.01M
NOI $60,652 @ 7.0% cap · market cap 11.05%
Second Best
Industrial
$713.6K
$624.4K – $832.5K
NOI $49,949 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$2.70M
$2.37M – $3.15M
NOI $189,293 @ 7.0% cap · market cap 34.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 12,600 SF industrial building with warehouse and office space.
Where is this manufacturing property located?
The property is located at 1247 Belgrove Dr St. Louis, MO.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Convenient location: 0.40 miles South of I‑270 (exit 33) and Lilac Ave.; Substantial warehouse space: **11,400 SF**; Heavy power capacity: 480 volt, 3‑phase, 400 amp electric service.
