Turnkey Office Condo in
For Sale
Contact for pricing
5520 Telegraph Rd St., Saint Louis, MO 63129
715 RSF office condo ideal for various professional uses.
Property Size715 SF
Price / SF$181.68
Days on Market954
Property Features for 5520 Telegraph Rd St.
General Information
Standard status
Active
Size
715 SF
Class
B
Property subtype
Office
Lease Type
Modified Gross
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Cornerstone Commercial Realty
Listed By:
Joseph Lampe · License #MO 2006038909
(314) 728-6007
Source:
Crexi
Added: Jan 22, 2024
Changed: Aug 28
Last Checked: Aug 31 at 4:31AM
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 Cornerstone Commercial Realty
Investment Insights
Based on property information with market context.
This 715 RSF office condo is located in Oakville and is suitable for financial advisement, counseling, accounting, life coaching, or general office use. The corner suite benefits from natural light due to its two window lines. Roadside monument signage on Telegraph Road provides strong visibility. The property offers quick access to I-55 and I-270. Free, ample surface parking is available for clients and staff. Existing office furniture is available for purchase. The property is located in a high-traffic, professional corridor near South County.
Key Highlights
- Turnkey office condo suitable for various professional uses.
- Strategic Oakville location with roadside monument signage on Telegraph Road, offering high visibility.
- Convenient access to I‑55 and I‑270.
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
$8,725
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
6.72%
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%
$174,500
$174.5K
Cap Rate 7%
$124,643
$124.6K
Cap Rate 9%
$96,944
$96.9K
Market Conditions
NOI Build-Up for 715 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
$16.0K $22.32/SF
− Vacancy
−$4.3K −$6.05/SF
EGI
$11.6K $16.27/SF
− OpEx
−$2.9K −$4.07/SF
NOI
$8.7K $12.20/SF
Area
St. Louis County, MO
Vacancy
27.10%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
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%
$174,500
Cap Rate 7%
$124,643
Cap Rate 9%
$96,944
Alternative Uses
Best Use
Office B
$124.6K
$109.1K – $145.4K
NOI $8,725 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$153.5K
$134.3K – $179.0K
NOI $10,742 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 63129, MO
53,432
Population
21,945
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
95%
High-School Grad
20.9 sq mi
ZIP Area
2,557
Density / Sq Mi
$91,920
Median Household Income
$51,526
Median Earnings
$1,087
Median Rent
$278,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 715 RSF office condo ideal for various professional uses.
Where is this office units located?
The property is located at 5520 Telegraph Rd St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Turnkey office condo suitable for various professional uses.; Strategic Oakville location with roadside monument signage on Telegraph Road, offering **high visibility**.; Convenient access to I‑55 and I‑270.
