All-Suite Extended-Stay
For Sale
Contact for pricing
15431 CONWAY RD, Chesterfield, MO 63017
Extended-stay lodging with in-suite kitchens, guest amenities, and multiple shared spaces for meetings, recreation, and daily convenience.
Property Size67,889 SF
Price / SF$114.16
Days on Market142
Property Features for 15431 CONWAY RD
General Information
Standard status
Active
Size
67,889 SF
Property subtype
Multifamily
Occupancy
73%
Net Operating Income
$675,023
Additional Details
Asking Price
$8,820,000
Amenities
breakfast room
club room
business center
fitness center
guest laundry
BBQ grills & picnic area
sports court
seasonal outdoor swimming pool
24-hour convenience shop
Building Details
Year Built
1986
Year Renovated
2011
Stories
3
Units
104
Listing Agency:
Bang Realty
(417) 865-2520
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 25 at 6:58AM
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 Bang Realty
Investment Insights
Based on property information with market context.
Located at 15431 Conway Rd in Chesterfield, Missouri, this 104-unit hotel offers an all-suite configuration with 78 studio suites and 26 loft suites. Each unit includes a full-sized refrigerator, stovetop, microwave, dishwasher, cookware, utensils, plates, and glassware. A fireplace is available in select suites.
Common-area improvements include a breakfast room, a club room with fireplace and meeting functionality, a business center, fitness center, guest laundry, seasonal outdoor swimming pool, sports court, BBQ grills, and a picnic area. The property also includes a 24-hour convenience shop offering snacks, beverages, frozen foods, essential toiletries, and related guest supplies.
Common-area improvements include a breakfast room, a club room with fireplace and meeting functionality, a business center, fitness center, guest laundry, seasonal outdoor swimming pool, sports court, BBQ grills, and a picnic area. The property also includes a 24-hour convenience shop offering snacks, beverages, frozen foods, essential toiletries, and related guest supplies.
Key Highlights
- 104‑unit all‑suite hotel with 78 studio suites and 26 loft suites
- Every suite includes a full‑sized refrigerator, stovetop, microwave, dishwasher, cookware, utensils, plates, and glassware
- Club room with fireplace also serves as meeting space
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
$634,607
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
8.19%
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%
$12,692,140
$12.7M
Cap Rate 7%
$9,065,814
$9.1M
Cap Rate 9%
$7,051,189
$7.1M
Market Conditions
NOI Build-Up for 67,889 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
$1.54M $22.62/SF
− Vacancy
−$199.6K −$2.94/SF
EGI
$1.34M $19.68/SF
− OpEx
−$701.4K −$10.33/SF
NOI
$634.6K $9.35/SF
Area
St. Louis County, MO
Vacancy
13.00%
Lease Rate
$22.62 /SF/Yr
Expense Ratio
52.50%
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%
$12,692,140
Cap Rate 7%
$9,065,814
Cap Rate 9%
$7,051,189
Alternative Uses
Best Use
Hotel Hospitality
$9.07M
$7.93M – $10.58M
NOI $634,607 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.57M
$12.75M – $17.00M
NOI $1,019,912 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,248
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Extended-stay lodging with in-suite kitchens, guest amenities, and multiple shared spaces for meetings, recreation, and daily convenience.
Where is this hotel located?
The property is located at 15431 CONWAY RD Chesterfield, MO.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: 104‑unit all‑suite hotel with 78 studio suites and 26 loft suites; Every suite includes a full‑sized refrigerator, stovetop, microwave, dishwasher, cookware, utensils, plates, and glassware; Club room with fireplace also serves as meeting space
