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    Former Medical Space Endcap Title is generated by Realmo AI

    21 Walters Pl, House Springs, MO 63051

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    3,600 SF endcap space suitable for retail or medical use.

    Type:Retail
    Property size:
    3,600 SF
    Added:
    Oct 6, 2020
    Days on Market:
    2067
    Last Refresh:
    May 12 at 9:23 pm

    Property Features for 21 Walters Pl

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    Spaces For Lease

    at 21 Walters Pl Contact us

    Suite 19 - Former Check Into Cash $15/Mo

    Size
    1,200 SF
    Type
    Retail
    Contact us

    Suite 21 $15/Mo

    Size
    3,600 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Edward Myers

    Listing agent Edward Myers License #MO 2002001676

    Listing office KW Commercial Chesterfield

    Listing date Oct 6, 2020

    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 KW Commercial Chesterfield

    HighLights

    • High Visibility Location: Situated at the intersection of Hwy 30 and Hwy MM/W.
    • Endcap Unit: Offers increased exposure and potential for signage.
    • Divisible Space: Can be divided into 1,200 SF units, providing flexibility.
    • Located in Established Retail Center: House Springs Centre at 21 Walters Place.
    • Diverse Tenant Mix: Anchored by Dollar General and includes Glo Tanning, V Nails, Laundromat, and Happy Wok.
    • Proximity to National Retailers: Nearby Hardee’s, KFC, McDonald’s, Taco Bell, AutoZone, and O'Reilly Auto Parts.

    Overview

    This 3,600 square-foot endcap space, formerly a medical office, is available for rent. The space is divisible to 1,200 square feet and was previously occupied by Check Into Cash. It is located in House Springs Centre at 21 Walters Place, House Springs, MO 63051, and benefits from visibility from Hwy 30 and Hwy MM/W. Other tenants in the center include Dollar General, Glo Tanning, V Nails, Laundromat, and Happy Wok. Nearby retailers include Hardee’s, KFC, Captain D's, McDonald’s, Taco Bell, DaVita, AutoZone, O'Reilly Auto Parts, Price Chopper, Enterprise Bank & Trust, H & R Block, Athletico Physical Therapy, N'Bliss Cannabis Dispensary, Buchheit Ivan Animal Hospital, and Hoods.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    House Springs
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.5793763
    Latitude
    38.4141798

    Nearby Similar for Lease

    • Contact for pricing

      house springs center

      High-visibility retail opportunity in House Springs with great traffic.
      4628 house springs center, House Springs, MO 63051
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space for Lease

      Retail space available for lease in House Springs, Missouri.
      11-21 Walters Pl, House Springs, MO
      View Details
    • Contact for pricing
      650 SF

      Renovated Office/Retail Space Available

      Move-in ready office/retail space with private bath and HVAC.
      7204 Executive Pkwy, House Springs, MO 63051
      View Details
    • Contact for pricing
      4,800 SF

      Retail/Office Space Available

      Divisible retail/office space with highway visibility.
      21 Walters Place, House Springs, MO 63051
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,600 SF endcap space suitable for retail or medical use.
    Where is this retail space located?
    The property is located at 21 Walters Pl House Springs, MO.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High Visibility Location: Situated at the intersection of Hwy 30 and Hwy MM/W.; Endcap Unit: Offers increased exposure and potential for signage.; Divisible Space: Can be divided into 1,200 SF units, providing flexibility.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Edward Myers
    Real Estate License ID: MO 2002001676
    Learn More
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    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.

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