Flexible Office
For Sale
Contact for pricing
229 Chesterfield Business Pkwy, Chesterfield, MO 63005
Move-in-ready workspace includes conference and training areas, kitchen, open areas, multiple entrances, and secured front-door access.
Property Size9,100 SF
Price / SF$202.75
Days on Market98
Property Features for 229 Chesterfield Business Pkwy
General Information
Standard status
Active
Size
9,100 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
conference room
training room
kitchen
secured door alarm
Building Details
Abandoned
No
Listing Agency:
Empire Real Estate Services, LLC
Listed By:
Michael J Tippit
(636) 305-8700
Source:
Moodyscre
Added: Jul 27
Changed: Oct 25
Last Checked: Nov 1 at 8:04AM
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 Empire Real Estate Services, LLC
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Investment Insights
Based on property information with market context.
This 9,100-square-foot office unit offers a flexible configuration with 13+ offices, open areas, a kitchen, and a conference and presentation/training room. The space includes a front entrance, multiple rear access points, restrooms, and two additional building entrances. A secured door alarm at the front entrance supports controlled access, while some office furniture is available for the tenant. The layout is described as plug-and-play and move-in ready.
The property is located at 229 Chesterfield Business Pkwy in Chesterfield, Missouri, just off Hwy 40 near the intersection of Edison and Chesterfield Business Parkway. Gateway Studios and Spirit of STL Airport are identified as nearby neighbors. On-site parking is also available.
The property is located at 229 Chesterfield Business Pkwy in Chesterfield, Missouri, just off Hwy 40 near the intersection of Edison and Chesterfield Business Parkway. Gateway Studios and Spirit of STL Airport are identified as nearby neighbors. On-site parking is also available.
Key Highlights
- 9,100 square feet of office space
- Flexible layout with 13+ offices, kitchen, and open areas
- Conference and presentation/training room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,051
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,221,020
$2.2M
Cap Rate 7%
$1,586,443
$1.6M
Cap Rate 9%
$1,233,900
$1.2M
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$203.1K $22.32/SF
− Vacancy
−$55.0K −$6.05/SF
EGI
$148.1K $16.27/SF
− OpEx
−$37.0K −$4.07/SF
NOI
$111.1K $12.20/SF
Area
St. Louis County, MO
Vacancy
27.10%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,221,020
Cap Rate 7%
$1,586,443
Cap Rate 9%
$1,233,900
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.85M
NOI $111,051 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,711 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 63005, MO
19,235
Population
7,322
Households
2.6
Avg Household Size
44
Median Age
81%
College-Educated
98%
High-School Grad
36.5 sq mi
ZIP Area
527
Density / Sq Mi
$202,232
Median Household Income
$103,426
Median Earnings
$1,570
Median Rent
$671,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready workspace includes conference and training areas, kitchen, open areas, multiple entrances, and secured front-door access.
Where is this office unit located?
The property is located at 229 Chesterfield Business Pkwy Chesterfield, MO.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: 9,100 square feet of office space; Flexible layout with 13+ offices, kitchen, and open areas; Conference and presentation/training room
