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Brick Office Building with Five Suites

173 Long Road, Chesterfield, MO 63005

For Sale
$1,975,000

Commercial Sale, Chesterfield, MO

Property Size7,188 SF
Lot Size0.86 Acres
Price / SF$274.76
Days on Market51

Property Features for 173 Long Road

General Information

Property type Commercial Sale
Property subtype Other
Parking features Open, Parking Lot
Subdivision Towne Centre Two
Standard status Active
APN 18U-43-0378
Lot size 0.86 Acres

Additional Details

Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 31724

Utilities

Utilities Water Available
Heating system Varies by Unit (Heating)
Cooling system Electric, Central Air
Water source Private, Public

Building Details

Year built 2003
Floors in Building 1
Building materials Brick
Buildings 1
Listing Agency: Barry Upchurch Realty
Listed By: Barry Upchurch
Added: Sep 18 Changed: Oct 26 Last Checked: Nov 7 at 1:06PM
MLS# 26060442

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Constructed in 2003, this brick office building includes five tenant suites and stone accent details. Suite 108, comprising 1,404 square feet, is owned by the seller and may be vacated for an owner occupant; the existing tenant may remain during a transition under an acceptable offer. Heating varies by unit, while cooling is provided by central air and electric systems.

The property occupies 0.86 acres at 173 Long Road in Chesterfield, Missouri, with visibility from Long Road and from the rear of the building within an outlot of Chesterfield Towne Center. Open lot parking is provided. Roofing improvements include a new flat roof completed in fall 2024 and shingle roof end caps installed in 2020. Water is available through private and public sources.

Key Highlights

  • Five tenant suites within a brick office building constructed in 2003
  • Seller‑owned Suite 108 offers 1,404 square feet for potential owner occupancy
  • 0.86‑acre property at 173 Long Road in Chesterfield, MO 63005

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$87,718
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
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 (±1% cap)
NOI $107,987 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Catering Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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

Properties on Market for Office buildings in Chesterfield

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Multi-suite office property with central air, open parking, and a seller-owned suite available for potential 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 within a brick office building constructed in 2003; Seller‑owned Suite 108 offers 1,404 square feet for potential owner occupancy; 0.86‑acre property at 173 Long Road in Chesterfield, MO 63005
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