Office Building with Covered
New
For Sale
$590,000
13830 Olive Boulevard, Chesterfield, MO 63017
Commercial Sale, Chesterfield, MO
Property Size1,600 SF
Lot Size1.17 Acres
Price / SF$368.75
Days on Market3
Property Features for 13830 Olive Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
2
Parking features
Oversize, Garage, Driveway, Open, Covered
Appliances
Electric Cooktop, Dishwasher, Disposal, Microwave
Subdivision
Missouri Stevens Estate
Directions
GPS friendly
Standard status
Active
APN
16Q-14-0501
Lot size
1.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9525
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
sunroom
covered porch
laundry facility
full bath
Building Details
Year built
1951
Floors in Building
1
Flooring type
Hardwood
Building materials
Brick, Masonite
Listing Agency:
YEUNG, REALTORS
(314) 878-8300
Listed By:
Ken Yeung
(314) 713-7111
Added: Sep 11
Last Checked: Sep 13 at 4:06AM
MLS# 26040918
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property at 13830 Olive Boulevard occupies a 1.17-acre lot and includes an approximately 1,600-square-foot building with additional finished lower-level space. The lower level provides more office area, a laundry facility, and a full bath. A sunroom, covered porch, sprinkler system, and oversized two-car garage expand the property's functional layout. Construction includes brick and Masonite, with hardwood flooring in the building.
The property is zoned Commercial Service Procedure (CSP) and has public water and cable availability. Building systems include forced-air natural gas heat and central air, with newer HVAC systems from 2025. The roof is identified as new in 2026. Covered, open, driveway, and garage parking features are present, along with electric kitchen appliances including a cooktop, dishwasher, disposal, and microwave.
The property is zoned Commercial Service Procedure (CSP) and has public water and cable availability. Building systems include forced-air natural gas heat and central air, with newer HVAC systems from 2025. The roof is identified as new in 2026. Covered, open, driveway, and garage parking features are present, along with electric kitchen appliances including a cooktop, dishwasher, disposal, and microwave.
Key Highlights
- 1.17‑acre lot with an approximately 1,600‑square‑foot office building
- Finished lower level with additional office space, laundry facility, and full bath
- Commercial Service Procedure (CSP) zoning
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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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
Check the figures for this property
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 - CSP-zoned property with finished lower-level workspace and an oversized two-car garage.
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 lot with an approximately 1,600‑square‑foot office building; Finished lower level with additional office space, laundry facility, and full bath; Commercial Service Procedure (CSP) zoning
