Office Building with Vacant
For Sale
Contact for pricing
11472 Schenk Dr, Maryland Heights, MO
Office building with vacant suite available for lease.
Property Size6,500 SF
Lot Size0.82 Acres
Price / SF$150
Days on Market508
Property Features for 11472 Schenk Dr
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.82 Acres
Property subtype
OFFICE
Lease Type
Gross
Properties For Sale
at 11472 Schenk Dr Contact us- Floor
- 1
- Size
- 6,500 SF
- Type
- OFFICE
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
11472 Schenk Dr
- ± 13,000 sf building for sale
- Perfect for investors or owner users
- ± 6,500...
show more
Contact us
Listing Agency:
Intelica CRE
(314) 270-5991
Listed By:
Tyler Hyde
(314) 607-2344
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Aug 8
Last Checked: Sep 11 at 7:56AM
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 Intelica CRE
Investment Insights
Based on property information with market context.
This office building offers approximately 13,000 square feet of space and is suitable for investors or owner-users. A 6,500 square foot suite is currently vacant. The vacant suite features multiple offices, conference rooms, a large training area, a kitchen, and in-suite restrooms. The property includes nice office finishes throughout and has been well-maintained with recent capital expenditure improvements. Two tenants are currently leasing the main floor.
Key Highlights
- ± 13,000 sf building
- ± 6,500 sf vacant, suitable for owner‑user: vacant suite with multiple offices, conference rooms, large training area, kitchen and in‑suite restrooms
- Perfect for investors or owner users
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
$79,322
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
8.14%
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%
$1,586,440
$1.6M
Cap Rate 7%
$1,133,171
$1.1M
Cap Rate 9%
$881,356
$881.4K
Market Conditions
NOI Build-Up for 6,500 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
$145.1K $22.32/SF
− Vacancy
−$39.3K −$6.05/SF
EGI
$105.8K $16.27/SF
− OpEx
−$26.4K −$4.07/SF
NOI
$79.3K $12.20/SF
Area
St. Louis County, MO
Vacancy
27.10%
Lease Rate
$22.32 /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%
$1,586,440
Cap Rate 7%
$1,133,171
Cap Rate 9%
$881,356
Alternative Uses
Best Use
Office B
$1.13M
$991.5K – $1.32M
NOI $79,322 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,651 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building with vacant suite available for lease.
Where is this office building located?
The property is located at 11472 Schenk Dr Maryland Heights, MO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: ± 13,000 sf building; ± 6,500 sf vacant, suitable for owner‑user: **vacant suite with multiple offices, conference rooms, large training area, kitchen and in‑suite restrooms**; Perfect for investors or owner users
