Office Unit with Private
410 sovereign Court #4, Saint Louis, MO 63011
For Sale
$150,000
Front and rear accessible entrances provide flexible access to a compact professional workspace.
Property Size920 SF
Price / SF$163.04
Days on Market154
Property Features for 410 sovereign Court #4
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Listing Agency:
RE/MAX Results
(636) 812-4400
Listed By:
Kim Cameron · License MO #2003019788
(314) 267-2691
Source:
Grassmuckrealty
Added: Jun 9
Changed: Nov 9
Last Checked: Nov 9 at 2:00AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit measures 46' X 20' and is configured with two private offices and a private bathroom. Front and rear entrances are available, with handicap accessibility. The owner is open to changes to the interior walls. Carpet and paint were updated in 2017, and the bathroom was updated in 2018.
The property is set back from Manchester Road, with access to major roads and I-270. Three assigned parking spaces are included, along with additional parking in a large lot. The building was constructed in 1981.
The property is set back from Manchester Road, with access to major roads and I-270. Three assigned parking spaces are included, along with additional parking in a large lot. The building was constructed in 1981.
Key Highlights
- 46' X 20' office unit with two private offices and one private bathroom
- Front and rear entries with handicap accessibility
- Three assigned parking spaces plus additional parking in a large lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,227
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
281
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
$373,600
Median Home Value
Market
Average Price Trend$/SF for Office Units in Saint Louis, MO
Properties on Market for Office Units in Saint Louis
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Front and rear accessible entrances provide flexible access to a compact professional workspace.
Where is this office unit located?
The property is located at 410 sovereign Court #4 Saint Louis, 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: 46' X 20' office unit with two private offices and one private bathroom; Front and rear entries with handicap accessibility; Three assigned parking spaces plus additional parking in a large lot
