Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8917 Veterans Memorial Parkway O Fallon, MO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Attractive retail center near Hwy K with customization options.

    Type:OFFICE
    Property size:
    2,322 SF
    Lot size:
    1.13 Acres
    Price / SF:
    $635/SF
    Added:
    Feb 18, 2025
    Days on Market:
    435
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for 8917 Veterans Memorial Parkway

    General Information

    Standard status
    Active
    Size
    2,322 SF
    Lot size
    1.13 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 8917 Veterans Memorial Parkway Contact us

    We can help!

    Listing Contact
    Dennis Hayden

    Listing agent Dennis Hayden

    Listing office Coldwell Banker Realty - Gundaker

    Listing date Feb 18, 2025

    Source Moodyscre

    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 Coldwell Banker Realty - Gundaker

    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

    First Community Insurance ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    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
    -90.7081
    Latitude
    38.7992

    Nearby Similar for Sale

    • $1,050,000

      O'Fallon Redevelopment Opportunity

      Prime 0.92+/- acre redevelopment site in O'Fallon, MO.
      2696 Babble Creek Lane, O'Fallon, MO 63368
      View Details
    • $2,300,000
      7,500 SF

      O'Fallon Automotive Property For Sale

      Excellent condition automotive property with high visibility and recent upgrades.
      9084 Veterans Memorial Parkway, O'Fallon, MO 63366
      View Details
    • $895,000
      4,095 SF

      Brewery and Restaurant Opportunity

      4,095 SF building with complete brewing room and equipment.
      7434 Village Center Dr, O'Fallon, MO
      View Details
    • $1,250,000
      11,058 SF

      Freestanding Building on South Main

      Freestanding building with high-traffic exposure and ample parking.
      311 N Main St , O'Fallon, MO
      View Details
    • $890,000
      5,878 SF

      O'Fallon Industrial Investment Property

      Industrial property with renovated office space and strong investment potential.
      406 E Wabash St, O FALLON, MO
      View Details
    • $4,400,000

      O'Fallon Industrial Asset For Sale

      Fully occupied industrial asset with highway frontage and high traffic.
      102-212 Crafton Drive, O'Fallon, MO 63366
      View Details
    • $995,000
      5,208 SF

      O'Fallon Leased Office Investment

      Leased office building in O'Fallon, Missouri, with stable income.
      1052 Peruque Crossing Ct, O'Fallon, MO 63366
      View Details
    • $22
      26,000 SF

      Class A Office Building

      Class A office building with easy highway access, up to 3,586SF
      856 Waterbury Falls Dr, O'Fallon, MO 63368
      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
      View Details
    • $1,750,000
      12,016 SF

      O'Fallon Retail Center For Sale

      12,016 SF retail center in O'Fallon, Missouri.
      2108-2126 Bryan Valley Commercial Dr, O'Fallon, MO
      View Details
    • $2,650,000
      10,600 SF

      O'Fallon Office Building For Sale

      10,600 SF office building in O'Fallon, Missouri.
      9323 Phoenix Village Pkwy, O'Fallon, MO
      View Details
    • $800,000
      1,800 SF

      Highway Frontage Property with Garage

      Residential property with large garage, potential commercial use.
      803 E Terra Ln, O'Fallon, MO
      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 Parkway O Fallon, MO.
    What is the asking price?
    The asking price for this property is $1,475,000.
    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) 267-4330 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dennis Hayden
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!