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    Wentzville Commercial Development Tract Title is generated by Realmo AI

    2344 W Meyer Rd, Wentzville, MO

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    8.017 acre commercial or mixed-use development tract in Wentzville.

    Type:LAND
    Lot size:
    8.02 Acres
    Added:
    Feb 2, 2024
    Days on Market:
    841
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 2344 W Meyer Rd

    General Information

    Standard status
    Active
    Lot size
    8.02 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Joseph K Schneider

    Listing agent Joseph K Schneider

    Listing office Schneider Commercial Partners

    Listing date Feb 2, 2024

    Source Moodyscre

    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 Schneider Commercial Partners

    HighLights

    • Prime 8.017‑acre commercial/mixed‑use development tract in fast‑growing Wentzville.
    • Located directly across from Wentzville School District’s new North Point Middle and High Schools.
    • Proximity to David Hoekel Parkway (DHP) Phase 2D extension (0.33 miles), connecting to I‑70 and Hwy 61.
    • Public water and sanitary sewer access available via easements.
    • Likely full access curb‑cuts on both W. Meyer and N. Point Prairie Roads.
    • Owner will consider subdividing hard corner at $17/SF; negotiable size & configuration.

    Overview

    This 8.017-acre tract is available for commercial or mixed-use development in Wentzville. Located in unincorporated St. Charles County, annexation into Wentzville will be required for public utilities. The likely zoning is C-2, C-3, or mixed-use PUD. The owner will consider subdividing the hard corner at $17 per square foot, with negotiable size and configuration. Likely full access curb-cuts are planned on both W. Meyer and N. Point Prairie Roads. A public sanitary sewer manhole is located on the adjacent property with a utility easement in place. Public water is available in easements along the west side of N. Point Prairie and the north side of W. Meyer Road. The property is directly across from the Wentzville School District’s new North Point Middle and High Schools and located approximately 1/3rd mile east of the new David Hoekel Parkway (DHP) Phase 2D extension, scheduled for completion in 2024. The DHP will connect from the new DHP/I-70 interchange to W. Meyer Road, eventually serving as a traffic outerbelt from I-70 to Hwy 61. The 2024 real estate taxes were $2,918.18.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Hotel & Motel Department Store Kitchen & Bath Showroom Furniture & Home Goods Electronics & Wireless Store Bakery Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Wentzville
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.9044
    Latitude
    38.8246

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    FAQs

    What type of property is this?
    Land - 8.017 acre commercial or mixed-use development tract in Wentzville.
    Where is this land located?
    The property is located at 2344 W Meyer Rd Wentzville, MO.
    What is the asking price?
    The asking price for this property is $2,758,842.
    What are key features of this property?
    This property features: Prime 8.017‑acre commercial/mixed‑use development tract in fast‑growing Wentzville.; Located directly across from Wentzville School District’s new North Point Middle and High Schools.; Proximity to David Hoekel Parkway (DHP) Phase 2D extension (0.33 miles), connecting to I‑70 and Hwy 61.
    (636) 949-9797 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph K Schneider
    Request Owner's contact information
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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.

    More about this property
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