1926 Cherokee St
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1926 Cherokee St
5,000 SF 100% Leased Retail Building Saint Louis, MO 63118 £502,022 (£100/SF) 10.83% Net Initial Yield
Investment Highlights
- Multi-use residential rental and retail
- Popular street
Executive Summary
* Multi-use property located on Antique Roe - 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 - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£83,147
|
£16.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£83,147
|
£16.63
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£28,761
|
£5.75
|
| Net Operating Income |
£54,386
|
£10.88
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £83,147 |
| Annual Per SF | £16.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £83,147 |
| Annual Per SF | £16.63 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £28,761 |
| Annual Per SF | £5.75 |
| Net Operating Income | |
|---|---|
| Annual | £54,386 |
| Annual Per SF | £10.88 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1890/2019
Price
£502,022
Price Per SF
£100
Net Initial Yield
10.83%
NOI
£54,386
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.91
Land Acres
0.06 AC
Zoning
Commercial - Commercial, zoned for retail
Parking
4 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalised Intersection
Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 1550-00-0130-0 | Improvements Assessment | £50,202 |
| Land Assessment | £1,098 | Total Assessment | £51,300 |
PROPERTY TAXES
Parcel Number
1550-00-0130-0
Land Assessment
£1,098
Improvements Assessment
£50,202
Total Assessment
£51,300
-
Jim Alexander -
Gundaker Commercial Group, Inc.
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1926 Cherokee St
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