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$208.24
Days on Market53
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: Sep 16
Last Checked: Sep 16 at 7:19PM
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
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 = 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
$111,051
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
5.86%
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%
$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
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
$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 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%
$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 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,711 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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 units - Move-in-ready workspace includes conference and training areas, kitchen, open areas, multiple entrances, and secured front-door access.
Where is this office units located?
The property is located at 229 CHESTERFIELD BUSINESS PKWY Chesterfield, MO.
What is the asking price?
The asking price for this property is $1,895,000.
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
