Flex Space with Clear-Span
For Sale
Contact for pricing
1773-1779 Scherer Pkwy, Saint Charles, MO 63303
Two connected commercial suites combine refurbished offices with climate-controlled warehouse areas and rear storage space.
Property Size5,000 SF
Price / SF$220
Days on Market11
Property Features for 1773-1779 Scherer Pkwy
General Information
Standard status
Active
Size
5,000 SF
Property subtype
INDUSTRIAL
Zoning
I-1
Warehouse & Industrial
Clear Height
20 ft
Clear Span
Yes
Conditioned Warehouse
Yes
Additional Details
Asking Price
$1,100,000
Outdoor Storage
Yes
Office Units
2
Amenities
Climate Controlled
LED Lighting
Storage Lot Behind
Listing Agency:
Ed Stone Commercial, LLC
(314) 581-9194
Listed By:
Ed Stone
(314) 581-9194
Source:
Moodyscre
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 1:47PM
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 Ed Stone Commercial, LLC
Investment Insights
Based on property information with market context.
This flex-space property includes two commercial suites at 1773 and 1779 Scherer Pkwy. The 1779 suite provides 5,000 square feet with office and warehouse areas, while the 1773 suite offers 5,000 square feet with one office and warehouse space. Both suites feature clear-span interiors, climate control, LED lighting, and refurbished offices. A 10 x 12 overhead door serves the warehouse configuration, with ceiling heights ranging from 14' to 20'.
The property is identified as Zone I-1 and includes a storage lot behind the buildings. Its combination of office accommodations, warehouse areas, controlled interior conditions, and rear storage supports a range of flex-space operations.
The property is identified as Zone I-1 and includes a storage lot behind the buildings. Its combination of office accommodations, warehouse areas, controlled interior conditions, and rear storage supports a range of flex-space operations.
Key Highlights
- Two 5,000‑square‑foot suites at 1773 and 1779 Scherer Pkwy
- Zone I‑1 designation
- 10 x 12 overhead door
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
$92,631
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
8.42%
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%
$1,852,620
$1.9M
Cap Rate 7%
$1,323,300
$1.3M
Cap Rate 9%
$1,029,233
$1.0M
Market Conditions
NOI Build-Up for 5,000 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
$113.4K $22.68/SF
− Vacancy
−$4.4K −$0.88/SF
EGI
$109.0K $21.80/SF
− OpEx
−$16.3K −$3.27/SF
NOI
$92.6K $18.53/SF
Area
St. Charles County, MO
Vacancy
3.90%
Lease Rate
$22.68 /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%
$1,852,620
Cap Rate 7%
$1,323,300
Cap Rate 9%
$1,029,233
Alternative Uses
Best Use
Warehouse
$1.32M
$1.16M – $1.54M
NOI $92,631 @ 7.0% cap · market cap 8.42%
Second Best
Industrial
$1.09M
$953.6K – $1.27M
NOI $76,284 @ 7.0% cap · market cap 6.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Office units
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63303, MO
47,292
Population
21,448
Households
2.2
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
2,388
Density / Sq Mi
$98,031
Median Household Income
$58,782
Median Earnings
$1,329
Median Rent
$301,700
Median Home Value
Market
Vacancy Rate% for Office 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 - Two connected commercial suites combine refurbished offices with climate-controlled warehouse areas and rear storage space.
Where is this flex space located?
The property is located at 1773-1779 Scherer Pkwy Saint Charles, MO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two 5,000‑square‑foot suites at 1773 and 1779 Scherer Pkwy; Zone I‑1 designation; 10 x 12 overhead door
