Two-Story Office
For Sale
Contact for pricing
3660 W Clay St, Saint Charles, MO 63301
Two-story office building with bullpens, multiple offices, and conference space, totaling 8,884 sf.
Property Size8,884 SF
Price / SF$151.96
Days on Market109
Property Features for 3660 W Clay St
General Information
Standard status
Active
Size
8,884 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Office Units
9
Amenities
conference room
kitchenette
reception counter
bullpen area
Building Details
Stories
2
Listing Agency:
Shockley Commercial/Industrial
(636) 946-9753
Listed By:
Dennis Tankersley
(636) 352-8738
Source:
Moodyscre
Added: May 28
Changed: Sep 11
Last Checked: Sep 13 at 8:37AM
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 Shockley Commercial/Industrial
Investment Insights
Based on property information with market context.
This two-story office building totals 8,884 sf and is laid out with substantial open work areas alongside private offices. The main floor includes 2,000 sf with six offices (each with windows), a conference room, a large bullpen, a reception counter, a kitchenette, and two single restrooms. The second floor adds 2,512 sf with three large offices, a large bullpen, and two single restrooms.
The property offers frontage and easy access to I-70 and is located next to Cave Springs Driving Range.
The overall configuration supports a professional office user that benefits from both enclosed offices and bullpen-style collaboration space.
The property offers frontage and easy access to I-70 and is located next to Cave Springs Driving Range.
The overall configuration supports a professional office user that benefits from both enclosed offices and bullpen-style collaboration space.
Key Highlights
- 8,884 SF two‑story office building with bullpens, multiple offices, and conference space
- Easy I‑70 frontage with convenient access
- Main floor (2,000 SF): 6 offices (all with windows), conference room, kitchenette, reception counter, and large bullpen area
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
$110,164
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
8.16%
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%
$2,203,280
$2.2M
Cap Rate 7%
$1,573,771
$1.6M
Cap Rate 9%
$1,224,044
$1.2M
Market Conditions
NOI Build-Up for 8,884 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
$201.5K $22.68/SF
− Vacancy
−$54.6K −$6.15/SF
EGI
$146.9K $16.53/SF
− OpEx
−$36.7K −$4.13/SF
NOI
$110.2K $12.40/SF
Area
St. Charles County, MO
Vacancy
27.10%
Lease Rate
$22.68 /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%
$2,203,280
Cap Rate 7%
$1,573,771
Cap Rate 9%
$1,224,044
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.84M
NOI $110,164 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.35M
$2.06M – $2.74M
NOI $164,586 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
9
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 63301, MO
50,890
Population
22,687
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
94%
High-School Grad
84.3 sq mi
ZIP Area
604
Density / Sq Mi
$83,551
Median Household Income
$46,433
Median Earnings
$1,093
Median Rent
$249,400
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with bullpens, multiple offices, and conference space, totaling 8,884 sf.
Where is this office building located?
The property is located at 3660 W Clay St Saint Charles, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8,884 SF two‑story office building with bullpens, multiple offices, and conference space; Easy I‑70 frontage with convenient access; Main floor (2,000 SF): 6 offices (all with windows), conference room, kitchenette, reception counter, and large bullpen area
