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 Market437
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) 270-5991
Listed By:
Tyler Hyde
(314) 607-2344
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Oct 25
Last Checked: Nov 1 at 6:44AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$440,862
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,817,240
$8.8M
Cap Rate 7%
$6,298,029
$6.3M
Cap Rate 9%
$4,898,467
$4.9M
Market Conditions
NOI Build-Up for 36,126 SF
Gross rent
$806.3K $22.32/SF
− Vacancy
−$218.5K −$6.05/SF
EGI
$587.8K $16.27/SF
− OpEx
−$147.0K −$4.07/SF
NOI
$440.9K $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 Rate 5%
$8,817,240
Cap Rate 7%
$6,298,029
Cap Rate 9%
$4,898,467
Alternative Uses
Best Use
Office B
$6.30M
$5.51M – $7.35M
NOI $440,862 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.75M
$6.78M – $9.05M
NOI $542,729 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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
