Industrial Asset with Outdoor
For Sale
Contact for pricing
4601 Crossroads Industrial Dr, Bridgeton, MO 63044
Single-tenant industrial asset with long-term tenant and outdoor storage.
Property Size21,852 SF
Lot Size12.32 Acres
Price / SF$240.25
Days on Market689
Property Features for 4601 Crossroads Industrial Dr
General Information
Standard status
Active
Size
21,852 SF
Lot size
12.32 Acres
Property subtype
Industrial, Land
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$408,000
Building Details
Tenancy
Single
Listing Agency:
Bahn Realty Commercial Real Estate Services
Listed By:
Brian McCune · License #MO 2024004829
Source:
Crexi
Added: Oct 8, 2024
Changed: Aug 15
Last Checked: Aug 25 at 11:11PM
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 Bahn Realty Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This offering presents a rare opportunity to acquire a single-tenant industrial asset under a NNN lease. The property includes a 21,852 square foot warehouse and office building situated on 12.32 acres, featuring Industrial Outdoor Storage (IOS). The tenant, a trailer/tractor repair and trailer parking services company, has operated at this location for over 20 years. The property is located in the Bridgton/Earth City transportation and industrial hub, providing convenient access to Highways 70, 270, and 370. The property at 4601 - 4605 Crossroads Industrial Dr includes a 21,852 square foot warehouse/office building on 9.41 acres, with fenced and gated acreage behind the building suitable for trailer parking. The warehouse features 10 service bays for trailer repair and multiple storage rooms. The office area includes a large reception area, a conference room, multiple offices, a kitchenette/break room, storage space, and bathrooms. Additionally, 4608 Crossroads Industrial Dr consists of a 2.91-acre graveled lot used for trailer parking. The single tenant operates both properties under the same NNN lease terms.
Key Highlights
- Long‑term NNN leased investment with single tenant operating for 20+ years.
- Two‑property offering with warehouse/office (21,852 SF) and additional trailer parking lot (2.91 acres).
- Significant Industrial Outdoor Storage (IOS) on a total of 12.32 acres.
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
$266,670
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
5.08%
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%
$5,333,400
$5.3M
Cap Rate 7%
$3,809,571
$3.8M
Cap Rate 9%
$2,963,000
$3.0M
Market Conditions
NOI Build-Up for 21,852 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
$487.7K $22.32/SF
− Vacancy
−$132.2K −$6.05/SF
EGI
$355.6K $16.27/SF
− OpEx
−$88.9K −$4.07/SF
NOI
$266.7K $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%
$5,333,400
Cap Rate 7%
$3,809,571
Cap Rate 9%
$2,963,000
Alternative Uses
Best Use
Office B
$3.81M
$3.33M – $4.44M
NOI $266,670 @ 7.0% cap · market cap 5.08%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $105,188 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,288 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63044, MO
10,587
Population
4,634
Households
2.3
Avg Household Size
43
Median Age
37%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
634
Density / Sq Mi
$76,094
Median Household Income
$45,822
Median Earnings
$1,093
Median Rent
$232,200
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.
Similar Off Market Nearby
- Public Storage — 3760 Pennridge Dr, Bridgeton, MO 63044
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial asset with long-term tenant and outdoor storage.
Where is this warehouse located?
The property is located at 4601 Crossroads Industrial Dr Bridgeton, MO.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Long‑term NNN leased investment with single tenant operating for 20+ years.; Two‑property offering with **warehouse/office (21,852 SF)** and additional trailer parking lot (2.91 acres).; Significant Industrial Outdoor Storage (IOS) on a total of 12.32 acres.
