Freestanding Flex Space with
For Sale
$459,000
175 Chesterfield Industrial Boulevard, Chesterfield, MO 63005
Commercial Sale, Chesterfield, MO
Property Size2,752 SF
Lot Size0.06 Acres
Price / SF$166.79
Days on Market56
Property Features for 175 Chesterfield Industrial Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Chesterfield Indust Park Lt 1 Resub
Directions
GPS
Standard status
Active
APN
17U-11-0420
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7604
Building Details
Year built
1989
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
(314) 647-6611
Added: Jul 1
Changed: Aug 24
Last Checked: Aug 25 at 7:06AM
MLS# 26027813
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.
Investment Insights
Based on property information with market context.
This single-story flex condominium at 175 Chesterfield Industrial Boulevard is configured for industrial, warehouse, and commercial operations. The existing building includes a window storefront, concrete drive-in ramp with dock-high loading capability, and a fully sprinklered system. The unit is vacant and available in its entirety, supporting owner-occupancy or a new operating use.
Built in 1989 on a 0.0635-acre parcel, the property carries M-3 zoning and is located within the Chesterfield Industrial park in Chesterfield, Missouri. Access to I-64 connects the site with the broader west St. Louis County highway network and the Chesterfield submarket. The property is positioned within the Rockwood area and benefits from its setting among established flex and industrial buildings.
Built in 1989 on a 0.0635-acre parcel, the property carries M-3 zoning and is located within the Chesterfield Industrial park in Chesterfield, Missouri. Access to I-64 connects the site with the broader west St. Louis County highway network and the Chesterfield submarket. The property is positioned within the Rockwood area and benefits from its setting among established flex and industrial buildings.
Key Highlights
- M‑3‑zoned flex condominium at 175 Chesterfield Industrial Boulevard
- 0.0635‑acre parcel in the Chesterfield Industrial park
- Vacant unit available in its entirety for owner‑occupancy
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
$13,247
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
2.89%
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%
$264,940
$264.9K
Cap Rate 7%
$189,243
$189.2K
Cap Rate 9%
$147,189
$147.2K
Market Conditions
NOI Build-Up for 2,752 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
$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 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%
$264,940
Cap Rate 7%
$189,243
Cap Rate 9%
$147,189
Alternative Uses
Best Use
Warehouse
$189.2K
$165.6K – $220.8K
NOI $13,247 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$155.8K
$136.4K – $181.8K
NOI $10,909 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$590.6K
$516.8K – $689.1K
NOI $41,344 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Single-story industrial condominium with M-3 zoning, storefront frontage, and vacant possession.
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: M‑3‑zoned flex condominium at 175 Chesterfield Industrial Boulevard; 0.0635‑acre parcel in the Chesterfield Industrial park; Vacant unit available in its entirety for owner‑occupancy
