Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land I-64/40 Frontage Title is generated by Realmo AI

    18379 Chesterfield Airport Rd, Chesterfield, MO

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    5.97 acre commercial land with high visibility and access.

    Type:LAND
    Lot size:
    5.97 Acres
    Added:
    Jan 16, 2024
    Days on Market:
    872
    Last Refresh:
    May 19 at 9:47 pm

    Property Features for 18379 Chesterfield Airport Rd

    General Information

    Standard status
    Active
    Lot size
    5.97 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Joseph K Schneider

    Listing agent Joseph K Schneider

    Listing office Schneider Commercial Partners

    Listing date Jan 16, 2024

    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 Schneider Commercial Partners

    HighLights

    • Prime location with extensive I‑64/40 frontage (over 700’) and high visibility.
    • High traffic volume: Over 97,000 vehicles per day on I‑64/40.
    • Located directly adjacent to Maryville University Hockey Center (estimated 800,000 visitors per year).
    • Easy access from I‑64/40 via Chesterfield Airport Rd (eastbound) & Spirit of St. Louis Blvd (westbound).
    • Predominately level 5.97 acre site.
    • Zoned “PC” Planned Commercial District in City of Chesterfield.

    Overview

    This 5.97-acre tract is located at the intersection of I-64/40 and Chesterfield Airport Road, offering extensive interstate frontage of over 700 feet and high visibility. The site is predominantly level and experiences over 97,000 vehicles per day on I-64/40. It is easily accessible from I-64/40 via Chesterfield Airport Road (eastbound) and Spirit of St. Louis Boulevard (westbound). The property is zoned "PC" Planned Commercial District in the City of Chesterfield. It is directly adjacent to the Maryville University Hockey Center, which estimates 800,000 visitors per year. The 2024 real estate taxes are $51.45, based on the current agricultural use. Note that the Levee District Assessment is not included in this figure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Law Firm Food Market Storage Facility Grocery & Convenience Store Hotel & Motel Pharmacy (Bike/Boat/Book/etc) Store Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.6499
    Latitude
    38.6742

    Nearby Similar for Sale

    • $459,000
      2,752 SF

      Freestanding Flex Condo in Chesterfield

      2,752 SF flex condo in Chesterfield Industrial Park.
      175 Chesterfield Industrial Boulevard, Chesterfield, MO 63005
      View Details
    • $9,862,200
      65,748 SF

      Chesterfield Office Portfolio Opportunity

      Two-building office portfolio in Chesterfield Valley with high visibility.
      702 Spirit 40 Park Drive, Chesterfield, MO 63005
      View Details
    • $935,000

      Residential Land in Chesterfield, MO

      Prime 2.33-acre residential lot in the Central Corridor.
      63 S Woods Mill Road, Chesterfield, MO 63017
      View Details
    • $1,195,000

      Residential Land in Desirable Location

      3.66 acre residential land parcel in Chesterfield, Missouri.
      702 Salt Mill Road, Chesterfield, MO 63017
      View Details
    • $975,000
      4,262 SF

      Chesterfield Property on Woods Mill

      4,262 sq ft property on 0.92 acre lot.
      357 North Woods Mill Road, Chesterfield, MO, 63017
      View Details
    • $459,000
      2,752 SF

      Chesterfield Flex Condo For Sale

      2,752 SF flex condo in Chesterfield Industrial Park.
      172-184 Chesterfield Industrial Blvd, Chesterfield, MO 63005
      View Details
    • $685,000
      3,392 SF

      Warehouse with Office and Garage

      Warehouse with office space, garage door, and camera system.
      16624 Old Chesterfield Rd, Chesterfield, MO 63017
      View Details
    • $3,700,000

      Chesterfield Retail/Restaurant Opportunity

      Retail or restaurant property for sale in Chesterfield, Missouri.
      2 McBride and Son Center Drive, Chesterfield, MO 63005
      View Details
    • $675,000
      2,226 SF

      Turnkey Coffee Shop with Offices

      Turnkey coffee shop with office space and outdoor patio.
      16626 Old Chesterfield Rd, Chesterfield, MO 63017
      View Details
    • $9,862,200
      32,823 SF

      Two-Building Office Portfolio For Rent

      Two-building office portfolio in Chesterfield Valley with high visibility.
      702-707 Spirit 40 Park Dr, Chesterfield, MO
      View Details
    • $930,444

      Commercial Land Near Spirit Airport

      3.56 acre commercial land parcel near Spirit Airport.
      18450 Olive Street Road Road, Chesterfield, MO 63005
      View Details
    • $2,925,000
      10,000 SF

      Flex-Office/Warehouse Condo For Rent

      10,000 SF flex-office/warehouse condo with I-64 access.
      675 Spirit Valley West Dr, Chesterfield, MO
      View Details

    FAQs

    What type of property is this?
    Land - 5.97 acre commercial land with high visibility and access.
    Where is this land located?
    The property is located at 18379 Chesterfield Airport Rd Chesterfield, MO.
    What is the asking price?
    The asking price for this property is $2,210,452.
    What are key features of this property?
    This property features: Prime location with extensive I‑64/40 frontage (over 700’) and **high visibility**.; High traffic volume: Over 97,000 vehicles per day on I‑64/40.; Located directly adjacent to Maryville University Hockey Center (estimated 800,000 visitors per year).
    (636) 949-9797 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph K Schneider
    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
    18379 Chesterfield Airport Rd, Chesterfield, 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!