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

    421-427 Droste Rd MO

    For Lease
    Contact for pricing

    Highly visible retail space, ideal for various business types.

    Type:RETAIL
    Property size:
    950 SF
    Lot size:
    0.62 Acres
    Added:
    Apr 10, 2024
    Days on Market:
    723
    Last Refresh:
    Mar 29 at 8:21 pm

    Property Features for 421-427 Droste Rd

    General Information

    Standard status
    Active
    Size
    950 SF
    Lot size
    0.62 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 421-427 Droste Rd Contact us

    We can help!

    Listing Contact
    Dianne Graham
    Dianne Graham

    Listing agent Dianne Graham License #2005034342

    Listing office Realty Exchange

    Listing date Apr 10, 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 Realty Exchange

    Overview

    Retail Space in St Charles

    This retail space is located in a highly visible area and offers an ideal setting for various business types, including owner-users, offices, and personal or professional services. The property is part of a business incubator environment. Two bays, each measuring over 950 square feet, are available for lease at $1,225 per month per unit, which includes CAM plus NNN fees. The property is located on Droste Rd in St Charles, MO.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Nearby Similar for Lease

    • $24/mo

      Bel Aire Office Park Suite

      Corner office suite in Class A atrium building for lease.
      12801 Flushing Meadows Dr, Town & Country, MO
      View Details
    • $18/mo

      Multi-Tenant Office Building For Sale

      Two-story, 14,208 SF office building, 100% leased.
      1000 Fairgrounds Rd, St Charles, MO
      View Details
    • $22/mo

      Retail/Office Space For Lease

      Retail and office spaces available in high-traffic St. Charles center.
      3910-3930 S Old Hwy 94, St. Charles, MO
      View Details
    • $29/mo

      Prominent Office Space Available

      Highly visible office space with abundant amenities and parking.
      1520 S 5th St , St. Charles, MO
      View Details
    • $15/mo

      Former Restaurant Space Available

      1,625 SF former restaurant space for lease now.
      3821-3833 Elm St, St Charles, MO
      View Details
    • $16/mo

      St. Charles Office Building

      Office building for sale in St. Charles, Missouri.
      1555 Kisker Rd, St. Charles, MO
      View Details
    • Contact for pricing

      Streets of St. Charles Retail

      Retail spaces available in a mixed-use development.
      1650 Beale St, St Charles, MO
      View Details
    • $15/mo

      Office Space in St Charles

      Office space available for lease in St Charles, MO.
      6 Westbury Dr, St Charles, MO
      View Details
    • Contact for pricing

      Sherman Road Office Building

      10,000 SF office building with units available for purchase.
      1821 Sherman Dr, St. Charles, MO
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      834 sq ft retail/office space with ample parking.
      198 Tecumseh St, St. Charles, MO
      View Details
    • Contact for pricing

      Retail Space on Highway 70

      Retail spaces with excellent visibility and easy highway access.
      3102-3141 W Clay, St Charles, MO
      View Details
    • Contact for pricing

      High-Visibility Retail Suites Available

      Retail suites with exceptional exposure in a thriving retail hub.
      969 NW Plaza Dr, St. Ann, MO
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible retail space, ideal for various business types.
    Where is this retail space located?
    The property is located at 421-427 Droste Rd MO.
    What is the lease rate?
    The lease rate is $1,225 /Mo.
    What are key features of this property?
    This property features: Highly Visible Location; Two 950+\/- SF Bays For Lease; Join Little Caesar’s
    (314) 757-7252 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dianne Graham
    Dianne Graham
    Real Estate License ID: 2005034342
    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!