Historic All-Brick Office
For Sale
Contact for pricing
203 W Booneslick Rd, Warrenton, MO 63383
Historic all-brick office building with high ceilings, natural light, and a covered front porch plus large rear parking area.
Property Size1,528 SF
Price / SF$147.19
Days on Market182
Property Features for 203 W Booneslick Rd
General Information
Standard status
Active
Size
1,528 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Amenities
original woodwork
butler pantry
high ceilings
natural light
covered front porch
attic
basement
Building Details
Buildings
1
Construction
brick
Listing Agency:
Westbound Real Estate
(636) 456-5922
Listed By:
Phil Reid · License #1999015911
(314) 486-8642
Source:
Moodyscre
Added: Mar 16
Changed: Sep 3
Last Checked: Sep 13 at 10:23AM
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 Westbound Real Estate
Investment Insights
Based on property information with market context.
Historic all-brick building at 203 W Booneslick Rd offers flexibility for a small office and other compatible uses. Interior details include original woodwork, a butler pantry, high ceilings, and plenty of natural light. The layout also includes a covered front porch, with an attic and basement that can be used for additional expansion or storage.
A large parking area in the rear supports convenient day-to-day access, and the property is described as being in a high-visibility area with steady traffic flow that may benefit a small business. The property also notes a “no grass to mow” maintenance benefit.
With approximately 1,528 SF, this is a compact option for operators seeking a character-rich building and the ability to adapt upper and lower space for storage or additional needs.
A large parking area in the rear supports convenient day-to-day access, and the property is described as being in a high-visibility area with steady traffic flow that may benefit a small business. The property also notes a “no grass to mow” maintenance benefit.
With approximately 1,528 SF, this is a compact option for operators seeking a character-rich building and the ability to adapt upper and lower space for storage or additional needs.
Key Highlights
- Historic all‑brick building with original woodwork and butler pantry
- High ceilings and tons of natural light inside
- Covered front porch
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
$20,595
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
9.16%
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%
$411,900
$411.9K
Cap Rate 7%
$294,214
$294.2K
Cap Rate 9%
$228,833
$228.8K
Market Conditions
NOI Build-Up for 1,528 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
$35.2K $23.04/SF
− Vacancy
−$7.7K −$5.07/SF
EGI
$27.5K $17.97/SF
− OpEx
−$6.9K −$4.49/SF
NOI
$20.6K $13.48/SF
Area
Warren County, MO
Vacancy
22.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$411,900
Cap Rate 7%
$294,214
Cap Rate 9%
$228,833
Alternative Uses
Best Use
Office B
$294.2K
$257.4K – $343.3K
NOI $20,595 @ 7.0% cap · market cap 9.16%
Second Best
Retail
$205.9K
$180.2K – $240.3K
NOI $14,416 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$377.9K
$330.7K – $440.9K
NOI $26,452 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 63383, MO
15,340
Population
6,523
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
160.1 sq mi
ZIP Area
96
Density / Sq Mi
$75,833
Median Household Income
$39,152
Median Earnings
$1,021
Median Rent
$227,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Historic all-brick office building with high ceilings, natural light, and a covered front porch plus large rear parking area.
Where is this office building located?
The property is located at 203 W Booneslick Rd Warrenton, MO.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Historic all‑brick building with original woodwork and butler pantry; High ceilings and tons of natural light inside; Covered front porch
