Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8917 Veterans Memorial Pkwy O Fallon, MO 63366

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,475,000

    Attractive retail center near Hwy K with customization options.

    Property size:
    2,322 SF
    Lot size:
    1.13 Acres

    Property Features for 8917 Veterans Memorial Pkwy

    General Information

    Size
    2,322 SF
    Lot size
    1.13 Acres

    We can help!

    Listing Contact
    Joi Niedner
    Joi Niedner
    Source: Moodyscre

    Listing Agent: Joi Niedner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Retail Space Available

    Under new ownership, this retail center offers two suites, each 1,161 square feet, which can be combined to create a larger 2,322 square foot space. Suite 8921 is an end cap with windows on the front and side, and a new ADA bathroom is being built. The landlord is open to adding a drive-thru or other custom uses with negotiable rent and terms, and can customize plumbing for a restaurant, barber shop, beauty shop, or spa. Suite 8923 includes a full kitchen and separate rooms off the main retail area, making it suitable for an office user needing road visibility and prominent signage. An outdoor area is available for daycare or other similar uses. The property is located in a thriving area surrounded by major employers like Mastercard International, Citi, Progress West Hospital, Aldi Inc., and Cosmos Corporation.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    O Fallon
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.7080573
    Latitude
    38.7992134

    Nearby Similar for Lease

    • $1,438 /Mo

      O'Fallon Retail Space Available

      1,150 SF retail space with highway visibility in O'Fallon.
      806 Runny Meade Est, O Fallon, MO 63366
      View Details
    • $12 SF/Yr
      4,750 SF

      O'Fallon Flex Space Available

      Versatile commercial space with office, showroom, and warehouse areas.
      102-212 Crafton Dr, O Fallon, MO 63366
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in O'Fallon Center

      Prominent retail space in a renovated O'Fallon shopping center.
      2426-2436 Highway K, O Fallon, MO 63366
      View Details
    • $1,200,000
      2,600 SF

      O'Fallon Medical Office Space

      2,700 SF medical office space in O'Fallon, Missouri.
      1002 Peruque Crossing Ct, O Fallon, MO 63366
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in High-Traffic Area

      Retail space with strong demographics and high traffic counts.
      8610-8648 Mexico Rd, O Fallon, MO 63376
      View Details
    • $4 SF/Yr
      94,336 SF

      O'Fallon Warehouse Space Available

      94,336 SF warehouse space with climate control for sublease.
      20-36 Commerce Dr, O Fallon, MO 63366
      View Details
    • Contact for pricing
      408 SF

      Keaton Crossing Office/Medical Space

      Premier office/medical space in O’Fallon's high-demand corridor.
      4122-4142 Keaton Crossing Blvd, O Fallon, MO 63368
      View Details
    • Contact for pricing
      1,400 SF

      Keaton Crossing Office/Medical Space

      Premier office/medical space in O'Fallon's high-demand corridor.
      4132 Keaton Crossing Blvd, O Fallon, MO 63368
      View Details
    • Contact for pricing
      2,492 SF

      Keaton Crossing Office/Medical Space

      Premier office/medical space in O'Fallon's high-demand corridor.
      4142 Keaton Crossing Blvd, O Fallon, MO 63368
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in River City

      Retail space available in a busy shopping center.
      2273-2285 St Hwy, O Fallon, MO
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in O'Fallon Square

      Retail space available at a high-traffic intersection in O'Fallon.
      29-39 O'fallon Sq, O Fallon, MO
      View Details
    • $1,500 /Mo

      O'Fallon Condo with Balcony

      Two-bedroom, two-bath condo with balcony in O'Fallon, Missouri.
      333 Bramblett Hl, O Fallon, MO 63366
      View Details

    FAQs

    What type of property is this?
    Retail space - Attractive retail center near Hwy K with customization options.
    Where is this retail space located?
    The property is located at 8917 Veterans Memorial Pkwy O Fallon, MO.
    What are key features of this property?
    This property features: - High-traffic location near Hwy K and major employers.; - Two suites available (1,161 SF each) that can be combined for a larger 2,322 SF space.; - Landlord open to adding a drive-thru or other custom uses with negotiable rent/terms.
    (314) 304-4900
    Request Owner's contact information
    8917 Veterans Memorial Pkwy O Fallon, MO 63366
    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.
    8917 Veterans Memorial Pkwy
    O Fallon, MO 63366
    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
    8917 Veterans Memorial Pkwy O Fallon, MO 63366
    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

    We can help!
    Listing Contact
    Joi Niedner
    Joi Niedner
    (314) 304-4900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.