Office Building with Live-Work
New
For Sale
$590,000
13830 Olive Boulevard, Chesterfield, MO 63017
Commercial-service zoning supports continued office use with added space for work, household, and service functions.
Property Size1,941 SF
Lot Size1.17 Acres
Price / SF$368.75
Days on Market3
Property Features for 13830 Olive Boulevard
General Information
Standard status
Active
Size
1,941 SF
Total Parking Spaces
2
Lot size
1.17 Acres
Property subtype
Office
Zoning
CSP
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$9,525
Amenities
laundry facility
full bath
sunroom
covered porch
Building Details
Building Size
1,941 SF
Year Built
1951
Listing Agency:
YEUNG, REALTORS
Listed By:
Ken Yeung
(314) 713-7111
Source:
Aimeesimpson
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 8:26AM
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 YEUNG, REALTORS
Investment Insights
Based on property information with market context.
This office property at 13830 Olive Boulevard in Chesterfield occupies a 1.17-acre parcel measuring 250X205SF and includes an existing 1,600+/- SF building constructed in 1951. The layout includes finished lower-level office space, a laundry facility, full bath, sunroom, covered porch, and an oversized 2-car garage. A sprinkler system is also in place.
The property is zoned Commercial Service Procedure (CSP), supporting continued office use. Building updates include a new roof in 2026 and newer HVAC systems installed in 2025. Its current configuration accommodates office operations while also incorporating residential-style features, including the full bath, laundry area, sunroom, and covered porch. The property may also be divided for two residential lots.
The property is zoned Commercial Service Procedure (CSP), supporting continued office use. Building updates include a new roof in 2026 and newer HVAC systems installed in 2025. Its current configuration accommodates office operations while also incorporating residential-style features, including the full bath, laundry area, sunroom, and covered porch. The property may also be divided for two residential lots.
Key Highlights
- 1.17‑acre parcel measuring 250X205SF
- Existing 1,600+/- SF office building constructed in 1951
- Zoned Commercial Service Procedure (CSP)
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
$19,679
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
3.34%
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%
$393,580
$393.6K
Cap Rate 7%
$281,129
$281.1K
Cap Rate 9%
$218,656
$218.7K
Market Conditions
NOI Build-Up for 1,600 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
$36.2K $22.62/SF
− Vacancy
−$4.7K −$2.94/SF
EGI
$31.5K $19.68/SF
− OpEx
−$11.8K −$7.38/SF
NOI
$19.7K $12.30/SF
Area
St. Louis County, MO
Vacancy
13.00%
Lease Rate
$22.62 /SF/Yr
Expense Ratio
37.50%
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%
$393,580
Cap Rate 7%
$281,129
Cap Rate 9%
$218,656
Alternative Uses
Best Use
Mixed Use
$281.1K
$246.0K – $328.0K
NOI $19,679 @ 7.0% cap · market cap 3.34%
Second Best
Office B
$278.9K
$244.1K – $325.4K
NOI $19,526 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$343.4K
$300.5K – $400.6K
NOI $24,037 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 63017, MO
42,773
Population
18,726
Households
2.3
Avg Household Size
49
Median Age
70%
College-Educated
97%
High-School Grad
19.3 sq mi
ZIP Area
2,216
Density / Sq Mi
$128,750
Median Household Income
$77,813
Median Earnings
$1,632
Median Rent
$452,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial-service zoning supports continued office use with added space for work, household, and service functions.
Where is this office building located?
The property is located at 13830 Olive Boulevard Chesterfield, MO.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 1.17‑acre parcel measuring 250X205SF; Existing 1,600+/- SF office building constructed in 1951; Zoned Commercial Service Procedure (CSP)
