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Property profile & analytics

7351 Lindell Blvd University City, MO 63130

  • Commercial real estate
  • 0.29 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US48-0741851
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hair By Eriee / Hair Salon
  • Mirror Mirror Hair Gallery / Beauty Salon

Property Details for 7351 Lindell Blvd

Year built
1931
Lot size
0.29 lot acres
Property type
Commercial real estate

Description

This exceptional Class A mixed-use apartment building, located at 7351 Lindell Blvd in University City, Missouri, presents a compelling investment opportunity. The property, built in 1931 and situated on a 0.29-acre lot, boasts 22 units across three stories in a single building. The permitted zoning is multi-family. The building has undergone a complete renovation, featuring updated kitchens and bathrooms with granite/quartz countertops, in-unit laundry, hardwood/tile floors, new plumbing, electrical systems, windows, and a new roof. Currently, the property includes a mix of studio, one-bedroom, and two-bedroom apartments, along with four ground-level commercial tenants. The current Net Operating Income (NOI) is $241,426, yielding a 6.71% cap rate. However, a pro-forma NOI of $330,635 projects a 9.18% cap rate, reflecting significant upside potential by increasing rents to market rates, currently approximately $250 below market value. The asking price is $3,600,000, translating to $163,636.36 per unit. The property's prime location offers exceptional walkability to Washington University, downtown Clayton, Forest Park, and numerous amenities. The building's strong occupancy rate, primarily with Washington University students, ensures consistent cash flow. Additional income streams could be generated by leasing basement storage units and charging for parking. This stabilized investment presents a rare opportunity to acquire a fully renovated, high-performing asset in a desirable, high-demand location.


Value Estimations

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Location Insight

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City
University City
County
St. Louis
State
Missouri
Longitude
-90.326913
Latitude
38.649037
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