10004 Gravois RdAffton, MO 63123
- Retail space
- 7,013 SF
Property Details for 10004 Gravois Rd
- Year built
- 2005
- Construction
- FRAME
- Lot size
- 0.52 AC
- Property size (Sq ft)
- 7,013 SF
- Property type
- Retail space
- APN
- 26J-4-3-121-4
- APU
- 26J431214
Description
This exceptional 5,453 square foot retail center, located at 10004 Gravois Rd, St. Louis, MO 63123, presents a compelling value-add opportunity. The single-story, 1960-built property sits on a 0.52-acre lot with 27 parking spaces and is zoned C2. Currently 31% occupied, with leases extending to 3/31/2029, this multi-tenant building boasts three units suitable for grocery, pharmacy/drug, and storefront uses. Recent renovations include new electrical systems, HVAC, roof, plumbing, and parking lot. The property benefits from a high-traffic location at a signalized intersection, enjoying visibility to over 20,000 vehicles daily. Situated in a densely populated area with 289,459 residents within a 5-mile radius, it's conveniently located a 25-minute drive from downtown St. Louis and St. Louis Lambert International Airport. A key asset is a stable NNN corporate lease with ACE Cash Express, featuring 10% rental increases every five years and multiple renewal options. The asking price is $999,000, translating to $183 per square foot. This property offers significant upside potential for investors seeking a strong return in a prime St. Louis location. The APN is 26J-43-1214.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,356,444
- 6.5%
- $2,175,178
- 7%
- $2,019,809
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,377,768
- Geo Method
- $1,377,768
-
Alternative Use
- Use
- Valuation
- Residential
- $1,834,844
- Hospitality
- $1,680,708
- Educational
- $1,398,329
- Medical
- $1,446,420
- Retail
- $2,175,178
Location Insight
- City
- Saint Louis
- County
- St. Louis
- State
- Missouri
- Latitude
- 38.5505
- Longitude
- -90.3333
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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