Historic Retail Office
For Sale
$595,000
16630 Old Chesterfield Rd, Chesterfield, MO 63017
Office space upstairs with finished lower level and a new roof installed in 2025.
Property Size2,516 SF
Days on Market51
Property Features for 16630 Old Chesterfield Rd
General Information
Standard status
Active
Size
2,516 SF
Total Parking Spaces
2
Property subtype
Retail
Amenities
Conference Room
Kitchenette
Camera System Throughout
Building Details
Building Size
2,516 SF
Listing Agency:
Hilliker Corporation
Listed By:
Kevin Eskridge · License #2020022669
(314) 781-0001
Source:
Commercialcafe
Added: Jul 25
Changed: Sep 8
Last Checked: Sep 13 at 4:12AM
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 Hilliker Corporation
Investment Insights
Based on property information with market context.
This historic retail office building features a finished interior with office space upstairs and a finished lower level. The property includes a conference room and a kitchenette, and it is supported by a 2-car detached garage. A camera system is installed throughout, and the roof was replaced in 2025.
Located at 16630 Old Chesterfield Rd in Chesterfield, MO 63017, the property is currently occupied by a tenant on a short-term lease.
The layout combines flexible retail frontage with dedicated office space and meeting space, offering a ready configuration for an owner-user or investor seeking a property with existing improvements already in place.
Located at 16630 Old Chesterfield Rd in Chesterfield, MO 63017, the property is currently occupied by a tenant on a short-term lease.
The layout combines flexible retail frontage with dedicated office space and meeting space, offering a ready configuration for an owner-user or investor seeking a property with existing improvements already in place.
Key Highlights
- New roof installed in 2025
- Office space upstairs plus finished lower level
- 2‑car detached garage
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
$33,846
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
5.69%
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%
$676,920
$676.9K
Cap Rate 7%
$483,514
$483.5K
Cap Rate 9%
$376,067
$376.1K
Market Conditions
NOI Build-Up for 2,516 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
$56.2K $22.32/SF
− Vacancy
−$7.8K −$3.10/SF
EGI
$48.4K $19.22/SF
− OpEx
−$14.5K −$5.77/SF
NOI
$33.8K $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
30.00%
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%
$676,920
Cap Rate 7%
$483,514
Cap Rate 9%
$376,067
Alternative Uses
Best Use
Retail
$483.5K
$423.1K – $564.1K
NOI $33,846 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.0K
$472.5K – $630.0K
NOI $37,798 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
154k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 67%
Apparel 17%
Hotels & Casinos 9%
Dining 6%
Target
Superstores
103,265 visits/mo
0.5 miles
Old Navy
Apparel
16,552 visits/mo
0.4 miles
DoubleTree by Hilton Hotel St. Louis - Chesterfield
Hotels & Casinos
12,330 visits/mo
0.5 miles
Golf Galaxy
Apparel
9,953 visits/mo
0.4 miles
Ruth's Chris Steak House
Dining
8,944 visits/mo
0.4 miles
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Office space upstairs with finished lower level and a new roof installed in 2025.
Where is this retail space located?
The property is located at 16630 Old Chesterfield Rd Chesterfield, MO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: New roof installed in 2025; Office space upstairs plus finished lower level; 2‑car detached garage
