Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Cityplace Dr St. Louis, MO 63141

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in St. Louis, Missouri.

    Type:Office
    Added:
    Sep 12, 2024
    Days on Market:
    588
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 2 Cityplace Dr St.

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 2 Cityplace Dr St. Contact us

    We can help!

    Listing Contact
    Kyle Steiner

    Listing agent Kyle Steiner License #MO

    Listing office L3 Corporation

    Listing date Sep 12, 2024

    Source Crexi

    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 L3 Corporation

    Overview

    Office Space For Lease

    This commercial real estate property, located at 2 Cityplace Dr in St. Louis, MO 63141, is available for lease. The property is classified as office space.
    Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Similar Places Nearby

    • T Ss Missouri — 680 Craig Rd, St. Louis, MO 63141, United States
    • SureLink Technology Services — 11475 Olde Cabin Rd Suite 130, St. Louis, MO 63141
    • Greyhound Technology — 508 randy dr, creve coeur, mo 63141
    • Bergman Consulting Services — 634 Office Pkwy, Creve Coeur, MO 63141
    • Midwest Networking Services, LLC — 655 Craig Rd Suite 150, Creve Coeur, MO 63141

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4582
    Latitude
    38.6572

    Nearby Similar for Lease

    • Contact for pricing

      Historic Landmark Commercial Space

      Renovated 2300 SF space ideal for office or studio.
      3660 Gravois Avenue, St Louis, MO 63116
      View Details
    • Contact for pricing

      Office Space in St Louis

      Office spaces available for lease in St Louis, MO.
      4301 Page Boulevard, St Louis, MO 63113
      View Details
    • $14/mo

      Macklind Avenue Office Space Available

      Office space for lease in the Macklind Graphics Building.
      1327 Macklind Avenue, St Louis, MO 63110
      View Details
    • Contact for pricing

      Office Spaces Near University

      Two office spaces available for lease near the University.
      7320 Florissant Road, St Louis, MO 63121
      View Details
    • Contact for pricing

      Benton Park Retail/Office Space

      Retail/office space in the heart of Benton Park.
      3018 S Jefferson Avenue, St Louis, MO 63118
      View Details
    • Contact for pricing

      Office Space in St Louis

      Professional office space with private offices, kitchenette, and conference room.
      2258 Schuetz Road, St Louis, MO 63146
      View Details
    • Contact for pricing

      Downtown St Louis Office Space

      Flexible office solutions in the heart of downtown St Louis.
      6 Cardinal Way, St Louis, MO 63102
      View Details
    • Contact for pricing

      Sanctuary Available For Lease

      Church shared space available for lease in St. Louis.
      4301 Page, St Louis, MO 63113
      View Details
    • Contact for pricing

      Office Space in St Louis

      Professional office space for lease near I-270/Page.
      2258 Schuetz Road, St Louis, MO 63146
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail spaces available in high-traffic St. Louis location.
      7954 N Broadway N, St Louis, MO 63147
      View Details
    • $13/mo

      Commercial Building in High-Traffic Area

      4,900 SF commercial building suitable for retail or office use.
      1434 Chambers Road, St Louis, MO 63135
      View Details
    • $1.00/mo

      Restaurant Space in Crown District

      Second generation restaurant space with potential patio access.
      4247 S Kingshighway, St Louis, MO 63110
      View Details

    FAQs

    What type of property is this?
    Office property - Office space available for lease in St. Louis, Missouri.
    Where is this office property located?
    The property is located at 2 Cityplace Dr St. Louis, MO.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Steiner
    Real Estate License ID: MO
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!