Brick Office
For Sale
$1,975,000
173 Long Road, Chesterfield, MO 63005
Five tenant suites support a multi-occupant configuration, with Suite 108 available for owner occupancy.
Property Size7,188 SF
Days on Market10
Property Features for 173 Long Road
General Information
Standard status
Active
Size
7,188 SF
Property subtype
Unimproved Land
Occupancy
100%
Additional Details
Road Access
Yes
Office Units
5
Taxes and HOA fees
Annual Taxes
$31,724
Building Details
Building Size
7,188 SF
Year Built
2003
Buildings
1
Construction
brick
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Barry Upchurch Realty
Listed By:
Barry Upchurch
(314) 749-6178
Source:
Aimeesimpson
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 26 at 12:22PM
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 Barry Upchurch Realty
Investment Insights
Based on property information with market context.
Built in 2003, this office property features brick construction with stone accents and five tenant suites. Suite 108, comprising 1,404 sq. ft., is owned by the seller and may be vacated for an owner occupant; the existing tenant may remain during a transition under an acceptable arrangement. The building’s total area is stated as 7.188 sq. ft. in the property information.
The property fronts Long Road and occupies an outlot of Chesterfield Towne Center, providing visibility from both the road and the rear of the building. Roofing improvements include a new flat roof completed in fall 2024 and shingle roof end caps installed in 2020.
The property fronts Long Road and occupies an outlot of Chesterfield Towne Center, providing visibility from both the road and the rear of the building. Roofing improvements include a new flat roof completed in fall 2024 and shingle roof end caps installed in 2020.
Key Highlights
- Five tenant suites in a 2003 office building
- 1,404 sq. ft. Suite 108 may be vacated for an owner occupant
- Brick construction with stone accents
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
$87,718
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
4.44%
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%
$1,754,360
$1.8M
Cap Rate 7%
$1,253,114
$1.3M
Cap Rate 9%
$974,644
$974.6K
Market Conditions
NOI Build-Up for 7,188 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
$160.4K $22.32/SF
− Vacancy
−$43.5K −$6.05/SF
EGI
$117.0K $16.27/SF
− OpEx
−$29.2K −$4.07/SF
NOI
$87.7K $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%
$1,754,360
Cap Rate 7%
$1,253,114
Cap Rate 9%
$974,644
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,718 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,987 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 63005, MO
19,235
Population
7,322
Households
2.6
Avg Household Size
44
Median Age
81%
College-Educated
98%
High-School Grad
36.5 sq mi
ZIP Area
527
Density / Sq Mi
$202,232
Median Household Income
$103,426
Median Earnings
$1,570
Median Rent
$671,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Five tenant suites support a multi-occupant configuration, with Suite 108 available for owner occupancy.
Where is this office building located?
The property is located at 173 Long Road Chesterfield, MO.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Five tenant suites in a 2003 office building; 1,404 sq. ft. Suite 108 may be vacated for an owner occupant; Brick construction with stone accents
