Free-Standing Medical Office
For Sale
Contact for pricing
11 Garvey Pkwy, Saint Charles, MO 63303
Free-standing brick medical office building built in 2005 with 32 parking spaces and 100% occupied long-term medical lease.
Property Size6,676 SF
Price / SF$366.99
Days on Market139
Property Features for 11 Garvey Pkwy
General Information
Standard status
Active
Size
6,676 SF
Total Parking Spaces
32
Property subtype
OFFICE
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Construction
brick
Tenancy
Single
Listing Agency:
CWG Commercial | KW Realty West
(636) 229-8749
Listed By:
Denise O'Mara
(314) 565-2386
Source:
Moodyscre
Added: Apr 28
Changed: Sep 10
Last Checked: Sep 13 at 11:01AM
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 CWG Commercial | KW Realty West
Investment Insights
Based on property information with market context.
This free-standing brick medical office building was built in 2005 and offers 6,676 square feet of space. The property is 100% occupied under a medical use lease, with the lease expiring in 2035.
The building includes 32 parking spaces and provides easy access to Hwy 364 and Hwy 94, with I-70 located just minutes away. Offered for sale as a potential 1031 exchange property, this asset is positioned for buyers seeking an income-producing medical office investment with long-term lease horizon.
The building includes 32 parking spaces and provides easy access to Hwy 364 and Hwy 94, with I-70 located just minutes away. Offered for sale as a potential 1031 exchange property, this asset is positioned for buyers seeking an income-producing medical office investment with long-term lease horizon.
Key Highlights
- 100% occupied medical use building with a lease that expires in 2035
- Free‑standing brick medical office building built in 2005
- 6,676 sq ft building
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
$82,784
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
3.38%
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%
$1,655,680
$1.7M
Cap Rate 7%
$1,182,629
$1.2M
Cap Rate 9%
$919,822
$919.8K
Market Conditions
NOI Build-Up for 6,676 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
$151.4K $22.68/SF
− Vacancy
−$41.0K −$6.15/SF
EGI
$110.4K $16.53/SF
− OpEx
−$27.6K −$4.13/SF
NOI
$82.8K $12.40/SF
Area
St. Charles County, MO
Vacancy
27.10%
Lease Rate
$22.68 /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%
$1,655,680
Cap Rate 7%
$1,182,629
Cap Rate 9%
$919,822
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,784 @ 7.0% cap · market cap 3.38%
Second Best
Healthcare Medical
$1.13M
$988.0K – $1.32M
NOI $79,037 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$1.77M
$1.55M – $2.06M
NOI $123,681 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63303, MO
47,292
Population
21,448
Households
2.2
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
2,388
Density / Sq Mi
$98,031
Median Household Income
$58,782
Median Earnings
$1,329
Median Rent
$301,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Free-standing brick medical office building built in 2005 with 32 parking spaces and 100% occupied long-term medical lease.
Where is this medical office space located?
The property is located at 11 Garvey Pkwy Saint Charles, MO.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 100% occupied medical use building with a lease that expires in 2035; Free‑standing brick medical office building built in 2005; 6,676 sq ft building
