Class A Mixed-Use Office
For Sale
Contact for pricing
16721-16765 Main St, Grover, MO 63040
Stabilized office building with anchor tenants leased beyond 2030 and a 4.01 WALT
Property Size36,126 SF
Price / SF$166.09
Days on Market346
Property Features for 16721-16765 Main St
General Information
Standard status
Active
Size
36,126 SF
Class
Class A
Property subtype
OFFICE
Building Details
Tenancy
Multi
Listing Agency:
Intelica CRE
(314) 607-2344
Listed By:
Tyler Hyde
(314) 607-2344
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Jul 30
Last Checked: Aug 1 at 11:38AM
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 Intelica CRE
Investment Insights
Based on property information with market context.
Class A mixed-use office building with a stabilized rent roll in Grover, MO at 16721–16765 Main St. The property is described as well maintained and offers a diverse tenant mix that includes restaurants, retail, medical, and professional office.
A key feature is the stability of the anchor tenancy, with leases in place beyond 2030 and a reported 4.01 WALT. The building is also noted as being directly across the street from a proposed 189-unit multi-family development, which may be relevant to future leasing and tenant demand.
With 36,126 SF of space, the property is positioned as a long-term income option while current ownership has completed over $500,000 in tenant improvements. The combination of an established tenant base, extended anchor leases, and active nearby development supports consideration for buyers seeking an office-focused investment with mixed-use tenant characteristics.
A key feature is the stability of the anchor tenancy, with leases in place beyond 2030 and a reported 4.01 WALT. The building is also noted as being directly across the street from a proposed 189-unit multi-family development, which may be relevant to future leasing and tenant demand.
With 36,126 SF of space, the property is positioned as a long-term income option while current ownership has completed over $500,000 in tenant improvements. The combination of an established tenant base, extended anchor leases, and active nearby development supports consideration for buyers seeking an office-focused investment with mixed-use tenant characteristics.
Key Highlights
- 36,126 SF Class A mixed‑use office building at 16721–16765 Main St
- Anchor tenants leased beyond 2030 with a reported 4.01 WALT
- Stabilized rent roll with tenant diversity spanning restaurants, retail, medical, and professional office
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $832.3k | $23.04 |
| − Vacancy | −$183.1k | −$5.07 |
| EGI | $649.2k | $17.97 |
| − OpEx | −$162.3k | −$4.49 |
| NOI | $486.9k | $13.48 |
36,126 SF · lease $23.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.96M
$6.09M – $8.12M
NOI $486,921 @ 7.0% cap · market cap 8.12%
Second Best
Healthcare Medical
$6.11M
$5.35M – $7.13M
NOI $427,694 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$10.64M
$9.31M – $12.41M
NOI $744,489 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 63040, MO
8,857
Population
3,324
Households
2.7
Avg Household Size
42
Median Age
64%
College-Educated
100%
High-School Grad
4.4 sq mi
ZIP Area
2,013
Density / Sq Mi
$130,139
Median Household Income
$64,314
Median Earnings
$1,504
Median Rent
$408,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Stabilized office building with anchor tenants leased beyond 2030 and a 4.01 WALT
Where is this office building located?
The property is located at 16721-16765 Main St Grover, MO.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 36,126 SF Class A mixed‑use office building at 16721–16765 Main St; Anchor tenants leased beyond 2030 with a reported 4.01 WALT; Stabilized rent roll with tenant diversity spanning restaurants, retail, medical, and professional office
