Small Office Suite with Private
For Sale
$150,000
4-410 Sovereign Ct, Ballwin, MO 63011
Office suite features two private offices and a private bath with front and rear handicap-accessible entry options.
Property Size920 SF
Price / SF$163.04
Days on Market96
Property Features for 4-410 Sovereign Ct
General Information
Standard status
Active
Size
920 SF
Total Parking Spaces
3
Additional Details
Lease Term
36 months
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,434
Building Details
Year Renovated
2018
Listing Agency:
RE/MAX Results
(636) 812-4400
Listed By:
Kim Cameron · License #2003019788
(314) 267-2691
Source:
Exprealty
Added: Jun 10
Changed: Sep 8
Last Checked: Sep 12 at 2:45PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This small office suite is configured with two private offices and one private bath. The space offers both front and rear entry options and includes handicap accessibility. Recent interior updates include new carpet and fresh paint (2017) and an updated bathroom (2018). The owner is open to tenant moving walls to accommodate changing needs.
The property provides three assigned parking spaces and additional parking in a large lot. The suite is described as quiet and tucked away from busy Manchester Road, while still offering easy access to major roads and I-270.
The unit measures 46' x 20' and is available for July 2026 occupancy, with lease terms of 3 years minimum. Current availability and showing details can be arranged through the listing broker.
The property provides three assigned parking spaces and additional parking in a large lot. The suite is described as quiet and tucked away from busy Manchester Road, while still offering easy access to major roads and I-270.
The unit measures 46' x 20' and is available for July 2026 occupancy, with lease terms of 3 years minimum. Current availability and showing details can be arranged through the listing broker.
Key Highlights
- Office suite includes 2 private offices and 1 private bath
- 46' x 20' unit with front and rear entry options with handicap accessibility
- New carpet and fresh paint installed in 2017; bathroom updated in 2018
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
$11,227
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
7.48%
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%
$224,540
$224.5K
Cap Rate 7%
$160,386
$160.4K
Cap Rate 9%
$124,744
$124.7K
Market Conditions
NOI Build-Up for 920 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
$20.5K $22.32/SF
− Vacancy
−$5.6K −$6.05/SF
EGI
$15.0K $16.27/SF
− OpEx
−$3.7K −$4.07/SF
NOI
$11.2K $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%
$224,540
Cap Rate 7%
$160,386
Cap Rate 9%
$124,744
Alternative Uses
Best Use
Office B
$160.4K
$140.3K – $187.1K
NOI $11,227 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$197.4K
$172.8K – $230.4K
NOI $13,821 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 63011, MO
37,495
Population
14,822
Households
2.5
Avg Household Size
44
Median Age
66%
College-Educated
98%
High-School Grad
14.3 sq mi
ZIP Area
2,622
Density / Sq Mi
$121,941
Median Household Income
$65,659
Median Earnings
$1,624
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite features two private offices and a private bath with front and rear handicap-accessible entry options.
Where is this office units located?
The property is located at 4-410 Sovereign Ct Ballwin, MO.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Office suite includes 2 private offices and 1 private bath; 46' x 20' unit with front and rear entry options with handicap accessibility; New carpet and fresh paint installed in 2017; bathroom updated in 2018
