Four-Unit Quadplex with Updated
For Sale
$560,000
972 Warder Ave, Saint Louis, MO 63130
Four-unit multifamily property with spacious three-bedroom layouts and professional management already in place.
Property Size4,992 SF
Price / SF$112.18
Days on Market220
Property Features for 972 Warder Ave
General Information
Standard status
Active
Size
4,992 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,014
Listing Agency:
exit elite realty
(636) 464-3222
Listed By:
Jordan Cooper · License #2018025264
(636) 464-3222
Source:
Exprealty
Added: Jan 22
Changed: Aug 29
Last Checked: Aug 30 at 7:59PM
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 exit elite realty
Investment Insights
Based on property information with market context.
This 4,992-square-foot quadplex contains four residential units with spacious three-bedroom layouts. Major building systems have been updated, and professional management is currently in place.
The property may be acquired individually or included in a six-building portfolio, providing flexibility for an owner seeking a standalone multifamily asset or a larger acquisition.
The property may be acquired individually or included in a six-building portfolio, providing flexibility for an owner seeking a standalone multifamily asset or a larger acquisition.
Key Highlights
- 4,992‑square‑foot quadplex with four residential units
- Spacious 3‑bedroom unit layouts
- Major building systems have been updated
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
$46,456
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
8.30%
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%
$929,120
$929.1K
Cap Rate 7%
$663,657
$663.7K
Cap Rate 9%
$516,178
$516.2K
Market Conditions
NOI Build-Up for 4,992 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
$89.9K $18.00/SF
− Vacancy
−$5.4K −$1.08/SF
EGI
$84.5K $16.92/SF
− OpEx
−$38.0K −$7.61/SF
NOI
$46.5K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$929,120
Cap Rate 7%
$663,657
Cap Rate 9%
$516,178
Alternative Uses
Best Use
Multifamily LT 5
$762.6K
$667.3K – $889.7K
NOI $53,383 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$663.7K
$580.7K – $774.3K
NOI $46,456 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.07M
$937.5K – $1.25M
NOI $74,996 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 63130, MO
29,454
Population
14,106
Households
2.1
Avg Household Size
35
Median Age
64%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
5,891
Density / Sq Mi
$81,103
Median Household Income
$50,407
Median Earnings
$1,199
Median Rent
$285,500
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Quadplex - Four-unit multifamily property with spacious three-bedroom layouts and professional management already in place.
Where is this quadplex located?
The property is located at 972 Warder Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 4,992‑square‑foot quadplex with four residential units; Spacious 3‑bedroom unit layouts; Major building systems have been updated
