Fully Leased O'Fallon Office
For Sale
Contact for pricing
1061 Peruque Crossing Ct, O Fallon, MO 63366
Fully leased office building in a rapidly growing market.
Property Size5,208 SF
Lot Size0.62 Acres
Price / SF$187.21
Days on Market570
Property Features for 1061 Peruque Crossing Ct
General Information
Standard status
Active
Size
5,208 SF
Total Parking Spaces
17
Lot size
0.62 Acres
Property subtype
Retail, Office
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
2006
Stories
1
Listing Agency:
Mckelvey Properties
(636) 669-9111
Listed By:
Patricia McKelvey · License #MO-1999022633
Source:
Crexi
Added: Jan 18, 2025
Changed: Aug 8
Last Checked: Aug 10 at 4:02PM
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 Mckelvey Properties
Investment Insights
Based on property information with market context.
This is a 5,208 square foot single-story office building constructed in 2006. It is situated on a 0.62-acre lot with surface parking. The property is located in the rapidly growing O’Fallon market and has accessibility to I-70 and surrounding commercial corridors. The building is professionally maintained and located within an office park. The property is 100% leased with established tenants. The building has an efficient floor plan and strong curb appeal. It is located near regional amenities.
Key Highlights
- 100% Leased Office Investment Property
- Stable, Diversified Income with Established Tenants
- Excellent Accessibility to I‑70 and Commercial Corridors
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
$64,581
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
6.62%
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%
$1,291,620
$1.3M
Cap Rate 7%
$922,586
$922.6K
Cap Rate 9%
$717,567
$717.6K
Market Conditions
NOI Build-Up for 5,208 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
$118.1K $22.68/SF
− Vacancy
−$32.0K −$6.15/SF
EGI
$86.1K $16.53/SF
− OpEx
−$21.5K −$4.13/SF
NOI
$64.6K $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%
$1,291,620
Cap Rate 7%
$922,586
Cap Rate 9%
$717,567
Alternative Uses
Best Use
Office B
$922.6K
$807.3K – $1.08M
NOI $64,581 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,484 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 63366, MO
53,861
Population
21,204
Households
2.5
Avg Household Size
38
Median Age
34%
College-Educated
95%
High-School Grad
69.3 sq mi
ZIP Area
777
Density / Sq Mi
$98,237
Median Household Income
$51,750
Median Earnings
$1,274
Median Rent
$283,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building in a rapidly growing market.
Where is this office building located?
The property is located at 1061 Peruque Crossing Ct O Fallon, 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: 100% Leased Office Investment Property; Stable, Diversified Income with Established Tenants; Excellent Accessibility to I‑70 and Commercial Corridors
