Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3251 Riverport Dr Maryland Heights, MO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Sublease opportunity with flexible space, amenities, and parking.

    Type:OFFICE
    Property size:
    54,934 SF
    Lot size:
    11.36 Acres
    Added:
    Aug 6, 2020
    Days on Market:
    2086
    Last Refresh:
    Apr 5 at 9:03 pm

    Property Features for 3251 Riverport Dr

    General Information

    Standard status
    Active
    Size
    54,934 SF
    Lot size
    11.36 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 3251 Riverport Dr Contact us

    We can help!

    Listing Contact
    John Warren

    Listing agent John Warren

    Listing office Cushman & Wakefield | St. Louis

    Listing date Aug 6, 2020

    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 Cushman & Wakefield | St. Louis

    Overview

    Furnished Office Space for Sublease

    This office space, available for sublease, offers between 25,747 and 80,681 square feet. The property features building signage options, a building café, and meeting spaces. It is fully furnished and wired according to the provided plan. A loading dock is available. Parking is provided at a ratio of 5.6 spaces per 1,000 square feet. The sublease term extends through May 31, 2028. The sublease rate is $16.50 per square foot, with full service included.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Building Supply Big Box & Wholesale Store Auto Parts Store Gym & Fitness Center Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryland Heights
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4618
    Latitude
    38.7539

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      West Port

      111 Port Plaza Dr, Unit 6TH, Maryland Heights, MO 63146
      View Details
    • $18/mo

      Class B Office Building For Lease

      92,640 SF Class B office building with multiple suites available.
      Maryland Heights, MO 63146
      View Details
    • $21/mo

      Riverport Office Space Available

      High-quality office space in Riverport Business Park.
      13500 Riverport Dr, Maryland Heights, MO
      View Details
    • Contact for pricing

      Maryland Heights Industrial Flex Space

      19,990 SF industrial flex space available for lease.
      430 Industrial Drive, Maryland Heights, MO, 63043
      View Details
    • Contact for pricing

      Retail Space For Lease

      1,000 SF retail space available in Maryland Heights, MO.
      1 Midland Ave, Maryland Heights, MO
      View Details
    • Contact for pricing

      Office/Warehouse with Highway Visibility

      11,340 SF office/warehouse space with I-270 visibility.
      2466-2488 Old Dorsett Rd, Maryland Heights, MO 63043
      View Details
    • $16/mo

      Maryland Heights Office Sublease

      3,183 SF office space available for sublease until 2028.
      11960 Westline Industrial Drive, Maryland Heights, MO 63146
      View Details
    • Contact for pricing

      Office/Warehouse Space on Dorsett Road

      1,920 SF office/warehouse with drive-in access and signage.
      11485 Dorsett Rd, Maryland Heights, MO
      View Details
    • $7/mo

      West Port Warehouse and Office

      Warehouse and office space in West Port location.
      79-85 Weldon Parkway, Maryland Heights, MO
      View Details
    • $12/mo

      Maryland Heights Flex Space Available

      Office, warehouse, and commissary kitchen with outside storage.
      2331 Millpark Dr, Maryland Heights, MO
      View Details
    • $18/mo

      Maryland Heights Office Space Available

      Sublease office space with furniture, access to amenities.
      940 W Port Plaza Dr, Maryland Heights, MO
      View Details
    • $10/mo

      Updated Office/Lab Space For Rent

      6,020 Sq. Ft. commercial space with office and lab.
      11829-11869 Dorsett Rd, Maryland Heights, MO
      View Details

    FAQs

    What type of property is this?
    Office units - Sublease opportunity with flexible space, amenities, and parking.
    Where is this office units located?
    The property is located at 3251 Riverport Dr Maryland Heights, MO.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Fully furnished and wired per attached plan; Sublease rate: $16.50/SF, full service; 25,747‑80,681 SF available
    (314) 862-7100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Warren
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!