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1926 Cherokee St 3,195 SF 100% Leased Retail Building Saint Louis, MO 63118 $640,000 ($200.31/SF) 10.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi-use residential rental and retail
- Popular street
EXECUTIVE SUMMARY
* Multi-use property located on Antique Row - a beautiful historic and popular street
* Third floor completely renovated in 2019 and rented to a residential tenant
* Cafe' is on the first floor and consistently pulls in revenue for the last 4 years of $160K/year
* Part of the first and all of the second floor is rented to a non-for-profit
* The new owner could operate it as is or convert areas to pull in more income.
* Third floor completely renovated in 2019 and rented to a residential tenant
* Cafe' is on the first floor and consistently pulls in revenue for the last 4 years of $160K/year
* Part of the first and all of the second floor is rented to a non-for-profit
* The new owner could operate it as is or convert areas to pull in more income.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$31,200
|
$9.77
|
| Other Income |
$106,000
|
$33.18
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$137,200
|
$42.94
|
| Taxes |
$6,635
|
$2.08
|
| Operating Expenses |
$18,000
|
$5.63
|
| Total Expenses |
$24,635
|
$7.71
|
| Net Operating Income |
$112,565
|
$35.23
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $31,200 |
| Annual Per SF | $9.77 |
| Other Income | |
|---|---|
| Annual | $106,000 |
| Annual Per SF | $33.18 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $137,200 |
| Annual Per SF | $42.94 |
| Taxes | |
|---|---|
| Annual | $6,635 |
| Annual Per SF | $2.08 |
| Operating Expenses | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $5.63 |
| Total Expenses | |
|---|---|
| Annual | $24,635 |
| Annual Per SF | $7.71 |
| Net Operating Income | |
|---|---|
| Annual | $112,565 |
| Annual Per SF | $35.23 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,195 SF
Building Class
C
Year Built/Renovated
1890/2019
Price
$640,000
Price Per SF
$200.31
Cap Rate
10.83%
NOI
$69,334
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.22
Lot Size
0.06 AC
Zoning
Commercial - Commercial, zoned for retail
Parking
4 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1550-00-0130-0 | Total Assessment | $65,400 |
| Land Assessment | $1,400 | Annual Taxes | $6,635 ($2.08/SF) |
| Improvements Assessment | $64,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
1550-00-0130-0
Land Assessment
$1,400
Improvements Assessment
$64,000
Total Assessment
$65,400
Annual Taxes
$6,635 ($2.08/SF)
Tax Year
2024
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1926 Cherokee St
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