Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sherman Road Office Building Title is generated by Realmo AI

    1821 Sherman Dr, MO

    Claim this Listing
    For Lease
    Contact for pricing

    10,000 SF office building with units available for purchase.

    Type:OFFICE
    Property size:
    10,000 SF
    Lot size:
    0.89 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 5 at 10:21 pm

    Property Features for 1821 Sherman Dr

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    0.89 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Dennis Tankersley
    Dennis Tankersley

    Listing agent Dennis Tankersley

    Listing office Shockley Commercial/Industrial

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Shockley Commercial/Industrial

    HighLights

    • Medical suite is finished and ready for immediate occupancy.
    • 10,000 sf Office Building offers 3 units available at approximately ~2,000 sf each.
    • Newer Roof.
    • Ample Parking available for tenants and visitors.
    • Conveniently located just south off of I‑70, providing easy access.
    • Property could be purchased vacant, offering flexibility for various uses.

    Overview

    This 10,000 square foot office building is located on Sherman Road, conveniently situated just south of I-70. The two-level building features three units, each approximately 2,000 square feet. A medical suite is finished and ready for occupancy. The property currently has one tenant but can be purchased vacant. The building also features ample parking and a newer roof.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Nearby Similar for Lease

    • $24 SF/Yr
      2,866 SF

      Bel Aire Office Park Suite

      Corner office suite in Class A atrium building for lease.
      12801 Flushing Meadows Dr, Town & Country, MO
      View Details
    • $22 SF/Yr
      1,418 SF

      Retail/Office Space For Lease

      Retail and office spaces available in high-traffic St. Charles center.
      3910-3930 S Old Hwy 94, St. Charles, MO
      View Details
    • $15 SF/Yr
      1,625 SF

      Former Restaurant Space Available

      1,625 SF former restaurant space for lease now.
      3821-3833 Elm St, St Charles, MO
      View Details
    • $18 SF/Yr
      14,208 SF

      Multi-Tenant Office Building For Sale

      Two-story, 14,208 SF office building, 100% leased.
      1000 Fairgrounds Rd, St Charles, MO
      View Details
    • $16 SF/Yr
      14,000 SF

      St. Charles Office Building

      Office building for sale in St. Charles, Missouri.
      1555 Kisker Rd, St. Charles, MO
      View Details
    • $29 SF/Yr
      3,054 SF

      Prominent Office Space Available

      Highly visible office space with abundant amenities and parking.
      1520 S 5th St , St. Charles, MO
      View Details
    • $15 SF/Yr
      675 SF

      Office Space in St Charles

      Office space available for lease in St Charles, MO.
      6 Westbury Dr, St Charles, MO
      View Details
    • Contact for pricing
      2,384 SF

      Streets of St. Charles Retail

      Retail spaces available in a mixed-use development.
      1650 Beale St, St Charles, MO
      View Details
    • $12 SF/Yr
      2,787 SF

      Retail Space in St. Charles

      Retail space available for lease in St. Charles, MO.
      2402-2498 W Clay St, St. Charles, MO
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on Highway 70

      Retail spaces with excellent visibility and easy highway access.
      3102-3141 W Clay, St Charles, MO
      View Details
    • Contact for pricing
      834 SF

      Retail/Office Space For Rent

      834 sq ft retail/office space with ample parking.
      198 Tecumseh St, St. Charles, MO
      View Details
    • $20 SF/Yr
      1,200 SF

      Retail Space in St. Charles

      Retail space available with high visibility and signage opportunities.
      1051-1083 Regency Pkwy, St. Charles, MO
      View Details

    FAQs

    What type of property is this?
    Office building - 10,000 SF office building with units available for purchase.
    Where is this office building located?
    The property is located at 1821 Sherman Dr MO.
    What are key features of this property?
    This property features: Medical suite is finished and ready for immediate occupancy.; 10,000 sf Office Building offers 3 units available at approximately ~2,000 sf each.; Newer Roof.
    (636) 946-9753 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dennis Tankersley
    Dennis Tankersley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1821 Sherman Dr, St. Charles, MO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!