Mixed-Use Property Near Lambert
For Sale
Contact for pricing
3444 N Lindbergh Blvd, Saint Ann, MO 63074
Mixed-use property with retail and warehouse space, great investment opportunity.
Property Size5,500 SF
Price / SF$148.16
Days on Market654
Property Features for 3444 N Lindbergh Blvd
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Industrial, Retail
Zoning
10B-2
Listing Agency:
Coldwell Banker Gundake Saint Charles
(636) 328-2830
Listed By:
Logan Strain · License #MO 2011010930
Source:
Crexi
Added: Oct 25, 2024
Changed: Aug 8
Last Checked: May 12 at 10:06PM
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 Coldwell Banker Gundake Saint Charles
Investment Insights
Based on property information with market context.
This mixed-use property, located minutes from Lambert Airport, the Page Extension, and Highways 70/170, presents a great investment opportunity. The parcel spans just over 5500 square feet and is currently occupied by 3 tenants. The building could be converted back to 4 bays if desired. Each space features retail space in the front and warehouse space in the back. Current rents are below market rates, offering potential for increased passive income if adjusted to market rates. This property could also suit an owner-user in the distribution space. The sale includes the rear adjoining lot on Gertrude. The owner would consider selling the neighboring building at 3452 N Lindbergh as a package deal.
Key Highlights
- Great investment opportunity with potential for increased rental income by raising rents to market rate.
- Located minutes from Lambert Airport, Page Extension, and Highways 70/170.
- Includes the rear adjoining lot on Gertrude.
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
$73,987
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
9.08%
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%
$1,479,740
$1.5M
Cap Rate 7%
$1,056,957
$1.1M
Cap Rate 9%
$822,078
$822.1K
Market Conditions
NOI Build-Up for 5,500 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
$122.8K $22.32/SF
− Vacancy
−$17.1K −$3.10/SF
EGI
$105.7K $19.22/SF
− OpEx
−$31.7K −$5.77/SF
NOI
$74.0K $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /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%
$1,479,740
Cap Rate 7%
$1,056,957
Cap Rate 9%
$822,078
Alternative Uses
Best Use
Retail
$1.06M
$924.8K – $1.23M
NOI $73,987 @ 7.0% cap · market cap 9.08%
Second Best
Mixed Use
$966.4K
$845.6K – $1.13M
NOI $67,648 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,628 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 63074, MO
15,233
Population
7,523
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
3,906
Density / Sq Mi
$51,351
Median Household Income
$35,585
Median Earnings
$1,005
Median Rent
$119,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and warehouse space, great investment opportunity.
Where is this mixed-use property located?
The property is located at 3444 N Lindbergh Blvd Saint Ann, MO.
What is the asking price?
The asking price for this property is $814,900.
What are key features of this property?
This property features: Great investment opportunity with potential for increased rental income by raising rents to market rate.; Located minutes from Lambert Airport, Page Extension, and Highways 70/170.; Includes the rear adjoining lot on Gertrude.
