Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8029 Michigan Ave St St. Louis, MO 63111
    Back to Search
    Property profile & analytics

    8029 Michigan Ave St, St. Louis, MO 63111

    View on Map
    • Warehouses
    • 49,000 SF
    • 1.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 8029 Michigan Ave St

    Lot size
    1.67 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 49,000-square-foot warehouse, situated on a 1.67-acre lot at 8029 Michigan Ave in St. Louis, Missouri (zip code 63111), presents a compelling investment opportunity. Priced at $1,950,000 ($39.80/sq ft), this single-tenant industrial property boasts four loading docks and one drive-in bay, easily accommodating tractor-trailer access. The warehouse features a 22-foot clear ceiling height throughout, with a 4,800-square-foot section offering an impressive 56-foot clear height. Included in the sale are existing three-phase power, a dry sprinkler system (currently inactive), and some industrial pallet racking. Approximately 40% of the roof has been recently replaced. The property also includes a fully climate-controlled 1,800-square-foot office space with two bathrooms. The warehouse itself is not climate-controlled. Its prime location offers convenient access to the I-55 and I-270 corridors within the Patch industrial neighborhood of South City, making it ideal for owner-occupancy or investment purposes. This property is a rare find in the St. Louis market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Louis
    County
    State
    Missouri
    Longitude
    -90.2649
    Latitude
    38.546

    Comparable in this City

    • Value Estimation by Request
      9,513 SF

      4701 Broadway St

      Distribution properties
      4701 Broadway St, St. Louis, MO 63111
      View Details
    • Value Estimation by Request
      29,390 SF

      4330 Broadway St

      Distribution properties
      4330 Broadway St, St. Louis, MO 63111
      View Details
    • Value Estimation
      $765,000
      16,900 SF

      523 Espenschied St

      WAREHOUSE, STORAGE
      523 Espenschied St, Saint Louis, MO 63111
      View Details
    • Value Estimation
      $790,000
      9,000 SF

      5900 Broadway, Unit 5922

      WAREHOUSE, STORAGE
      5900 Broadway, Saint Louis, MO 63111-2519
      View Details
    • Value Estimation by Request
      2,154 SF

      8012-8016 Broadway

      WAREHOUSE, STORAGE
      8012-8016 Broadway, Saint Louis, MO 63111
      View Details
    • Value Estimation by Request
      3,645 SF

      7903 Ivory Ave

      WAREHOUSE, STORAGE
      7903 Ivory Ave, Saint Louis, MO 63111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,000 SF

      Manufacturing/Distribution Building with Outside Storage

      50,000 SF building near I-55 with fenced storage.
      8122 Reilly Ave, Saint Louis, MO 63111
      View Details
    • Contact for pricing
      17,010 SF

      St. Louis Skatium For Sale

      Roller rink/warehouse with hardwood floors, includes business and building.
      120 E Catalan St St, Louis, MO 63111
      View Details
    • Contact for pricing
      29,390 SF

      Warehouse/Retail Building on Large Lot

      29,390 SF warehouse/retail building on 2.6-acre lot for sale.
      4330 S Broadway, Saint Louis, MO 63111
      View Details
    • Contact for pricing
      3,000 SF

      Renovated Flex Building in Carondelet

      3,000 sq ft renovated flex building in Carondelet neighborhood.
      6022 Virginia Ave St, Louis, MO 63111
      View Details
    • $292,500
      0.12 Acres

      Updated Four-Family Investment Property

      Income-producing four-family in Carondelet neighborhood, St. Louis.
      126 Hvn St St, Louis, MO 63111
      View Details
    • $188,900
      1,560 SF

      St Louis Multifamily Investment Property

      Multifamily property in Mount Pleasant neighborhood, St Louis. Occupied.
      3105 Chariton St St, Louis, MO 63111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,000 SF

      Industrial Space with Loading Docks

      80,000 SF industrial space featuring loading docks and parking.
      823-825 Koeln Ave St, Louis, MO 63111
      View Details
    • Contact for pricing
      123,520 SF

      Industrial Space in South St. Louis

      160,000 SF industrial space in newly constructed campus.
      520 Carondelet Cmns Blvd St, Louis, MO 63111
      View Details
    • Contact for pricing
      160,000 SF

      160,000 SF Industrial Space

      Adaptable industrial space suitable for various business operations.
      8500 Reilly Ave St, Louis, MO 63111
      View Details
    • Contact for pricing

      Retail Space in Loughborough Commons

      Retail space available in a high-traffic shopping center.
      1020 Loughborough Ave St, Louis, MO 63111
      View Details
    • Contact for pricing
      16,250 SF

      Retail Space Available For Lease

      Retail space for lease with a firm lease term.
      5550 S Grand Blvd St, Louis, MO 63111
      View Details
    • Contact for pricing
      1,500 SF

      CoWorking Space Available For Rent

      Modern co-working space with private offices and retail storefront.
      7714 S Broadway St, Louis, MO 63111
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8029 Michigan Ave St
    St. Louis, MO 63111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8029 Michigan Ave St, St. Louis, MO, 63111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!