Building Details

Building Size 2,752 SF

Year Built 1989

Buildings 1

Stories 1

Listing Agency: Flowers Home Realty i***@flowershomerealty.com Show Phone

Listed By: Marletta Flowers Show Phone

Source: Flowershomerealty

Added: May 5 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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Investment Insights

Based on property information with market context.

This 2,752-square-foot flex condominium at 175 Chesterfield Industrial Boulevard is a single-story building constructed in 1989 on a 0.0635-acre parcel. The space is vacant and includes a concrete drive-in ramp with dock-high loading capability, a storefront window, and a fire sprinkler system. M-3 zoning applies to the property.

The unit is within Chesterfield Industrial park in Chesterfield, Missouri, near I-64. Its storefront provides a customer-facing element alongside the industrial space.

Key Highlights

• 2,752‑square‑foot flex condominium
• Vacant, single‑story unit built in 1989
• Concrete drive‑in ramp provides dock‑high loading capability

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,247

Cap Rate

2.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,940 $264.9K

Cap Rate 7%

$189,243 $189.2K

Cap Rate 9%

$147,189 $147.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,752 SF

Gross rent

$16.3K $5.93/SF

− Vacancy

−$734 −$0.27/SF

EGI

$15.6K $5.66/SF

− OpEx

−$2.3K −$0.85/SF

NOI

$13.2K $4.81/SF

Area

St. Louis County, MO

Vacancy

4.50%

Lease Rate

$5.93 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,940

Cap Rate 7%

$189,243

Cap Rate 9%

$147,189

Alternative Uses

Best Use

Warehouse

$189.2K

$165.6K – $220.8K (±1% cap)

NOI $13,247 @ 7.0% cap · market cap 2.89%

Second Best

Industrial

$155.8K

$136.4K – $181.8K (±1% cap)

NOI $10,909 @ 7.0% cap · market cap 2.38%

Theoretical Best

Office A

$590.6K

$516.8K – $689.1K (±1% cap)

NOI $41,344 @ 7.0% cap · market cap 9.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

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

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

16 ft

Clear height

Yes

Sprinkler system

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,100

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Vacant, single-story space combines warehouse functionality with a street-facing storefront in an established industrial park.

Where is this flex space located?

The property is located at 175 Chesterfield Industrial Boulevard Chesterfield, MO.

What is the asking price?

The asking price for this property is $459,000.

What are key features of this property?

This property features: 2,752‑square‑foot flex condominium; Vacant, single‑story unit built in 1989; Concrete drive‑in ramp provides dock‑high loading capability