Newly Renovated Class A Office
For Sale
Contact for pricing
16091 Swingley Ridge Rd, Chesterfield, MO 63017
Newly renovated Class A office building on 3.10 acres with existing tenant leases and top-floor signage visibility.
Property Size50,000 SF
Lot Size3.10 Acres
Price / SF$165.01
Days on Market1442
Property Features for 16091 Swingley Ridge Rd
General Information
Standard status
Active
Size
50,000 SF
Class
Class A
Lot size
3.10 Acres
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
exterior signage options
Building Details
Buildings
1
Building Size
50,000 SF
Tenancy
Multi
Listing Agency:
Gershman Commercial Real Estate
(314) 862-9400
Listed By:
James M Loft
(314) 322-3453
Source:
Moodyscre
Added: Oct 4, 2022
Changed: Sep 7
Last Checked: Sep 13 at 11:17AM
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 Gershman Commercial Real Estate
Investment Insights
Based on property information with market context.
Chesterfield Village IV is a newly renovated Class A office building totaling 50,000 square feet, offered as a 100% fee interest. The property sits on 3.10 acres in Chesterfield Village and presents a user-focused option to occupy the entire top floor, with visible exterior signage options, while also capitalizing on existing leasehold interests.
Chesterfield Village IV is located at 16091 Swingley Ridge Rd, Chesterfield, MO 63017, within a densely populated Chesterfield submarket. The building benefits from a highly visible location with accessibility in and out of I-64/40, which carries 47,956 vehicles per day.
Existing leases include Hays Companies, Inc., Sunstar Insurance Group, and Edward Jones, with the overall tenant mix featuring national and strong local companies.
Chesterfield Village IV is located at 16091 Swingley Ridge Rd, Chesterfield, MO 63017, within a densely populated Chesterfield submarket. The building benefits from a highly visible location with accessibility in and out of I-64/40, which carries 47,956 vehicles per day.
Existing leases include Hays Companies, Inc., Sunstar Insurance Group, and Edward Jones, with the overall tenant mix featuring national and strong local companies.
Key Highlights
- Newly renovated Chesterfield Village IV Class A office building
- 50,000 square feet on 3.10 acres
- Option for an end user to occupy the entire top floor
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
$604,596
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
7.40%
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%
$12,091,920
$12.1M
Cap Rate 7%
$8,637,086
$8.6M
Cap Rate 9%
$6,717,733
$6.7M
Market Conditions
NOI Build-Up for 49,543 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
$1.11M $22.32/SF
− Vacancy
−$299.7K −$6.05/SF
EGI
$806.1K $16.27/SF
− OpEx
−$201.5K −$4.07/SF
NOI
$604.6K $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%
$12,091,920
Cap Rate 7%
$8,637,086
Cap Rate 9%
$6,717,733
Alternative Uses
Best Use
Office B
$8.64M
$7.56M – $10.08M
NOI $604,596 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.63M
$9.30M – $12.40M
NOI $744,296 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,588
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 - Newly renovated Class A office building on 3.10 acres with existing tenant leases and top-floor signage visibility.
Where is this office building located?
The property is located at 16091 Swingley Ridge Rd Chesterfield, MO.
What is the asking price?
The asking price for this property is $8,175,000.
What are key features of this property?
This property features: Newly renovated Chesterfield Village IV Class A office building; 50,000 square feet on 3.10 acres; Option for an end user to occupy the entire top floor
