Office Building with On-Site
New
For Sale
Contact for pricing
9974 Old Olive Street Rd, Saint Louis, MO 63141
A finished office interior and on-site parking support occupancy by an owner-user.
Property Size4,536 SF
Price / SF$179.67
Days on Market4
Property Features for 9974 Old Olive Street Rd
General Information
Standard status
Active
Size
4,536 SF
Property subtype
OFFICE
Additional Details
Asking Price
$815,000
Building Details
Building Size
4,536 SF
Listing Agency:
Avison Young
(314) 968-9898
Listed By:
Michael E Carlson
(314) 882-5680
Source:
Moodyscre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 10:57AM
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 Avison Young
Investment Insights
Based on property information with market context.
This 4,536-square-foot office building has a finished interior with natural light and on-site parking for employees and visitors. Its configuration is presented for owner occupancy.
The property is at 9974 Old Olive Street Rd in Saint Louis, Missouri.
The property is at 9974 Old Olive Street Rd in Saint Louis, Missouri.
Key Highlights
- 4,536‑square‑foot office building
- On‑site parking for employees and visitors
- Interior features natural light and upgraded finishes
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
$55,355
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
6.79%
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%
$1,107,100
$1.1M
Cap Rate 7%
$790,786
$790.8K
Cap Rate 9%
$615,056
$615.1K
Market Conditions
NOI Build-Up for 4,536 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
$101.2K $22.32/SF
− Vacancy
−$27.4K −$6.05/SF
EGI
$73.8K $16.27/SF
− OpEx
−$18.5K −$4.07/SF
NOI
$55.4K $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%
$1,107,100
Cap Rate 7%
$790,786
Cap Rate 9%
$615,056
Alternative Uses
Best Use
Office B
$790.8K
$691.9K – $922.6K
NOI $55,355 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$973.5K
$851.8K – $1.14M
NOI $68,145 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 63141, MO
21,995
Population
9,381
Households
2.3
Avg Household Size
43
Median Age
69%
College-Educated
98%
High-School Grad
14.7 sq mi
ZIP Area
1,496
Density / Sq Mi
$122,917
Median Household Income
$60,862
Median Earnings
$1,456
Median Rent
$571,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - A finished office interior and on-site parking support occupancy by an owner-user.
Where is this office building located?
The property is located at 9974 Old Olive Street Rd Saint Louis, MO.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 4,536‑square‑foot office building; On‑site parking for employees and visitors; Interior features natural light and upgraded finishes
