Move-In Ready Medical Office
For Sale
Contact for pricing
5701 Chippewa St, Saint Louis, MO 63109
Former urgent care facility with a patient-focused layout, exam rooms, lab space, and dedicated on-site parking.
Property Size4,250 SF
Price / SF$258.82
Days on Market167
Property Features for 5701 Chippewa St
General Information
Standard status
Active
Size
4,250 SF
Property subtype
OFFICE
Listing Agency:
Cornerstone Commercial Realty, Inc.
Listed By:
Jason M Morgan · License #1999020228
(314) 560-8114
Source:
Moodyscre
Added: Apr 1
Changed: Sep 5
Last Checked: Sep 13 at 8:11AM
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 Cornerstone Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
Move-in ready former urgent care facility at 5701 Chippewa St, positioned for medical and dental use. The space is laid out for a patient-centric experience with a large reception and waiting area, multiple exam and procedure rooms, existing plumbing throughout, lab space, private offices, and staff support areas.
Located in South St. Louis on Chippewa’s main retail corridor, the property is described as highly visible with strong frontage. The facility also includes excellent access and dedicated on-site parking.
The existing improvements are designed to support day-to-day clinical operations, with dedicated areas for exams, procedures, lab functions, and staff administration.
Located in South St. Louis on Chippewa’s main retail corridor, the property is described as highly visible with strong frontage. The facility also includes excellent access and dedicated on-site parking.
The existing improvements are designed to support day-to-day clinical operations, with dedicated areas for exams, procedures, lab functions, and staff administration.
Key Highlights
- Former urgent care facility with large reception and waiting area
- Multiple exam and procedure rooms with existing plumbing throughout
- Lab space plus private offices and staff support areas
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
$51,865
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
4.72%
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%
$1,037,300
$1.0M
Cap Rate 7%
$740,929
$740.9K
Cap Rate 9%
$576,278
$576.3K
Market Conditions
NOI Build-Up for 4,250 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
$94.9K $22.32/SF
− Vacancy
−$25.7K −$6.05/SF
EGI
$69.2K $16.27/SF
− OpEx
−$17.3K −$4.07/SF
NOI
$51.9K $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%
$1,037,300
Cap Rate 7%
$740,929
Cap Rate 9%
$576,278
Alternative Uses
Best Use
Office B
$740.9K
$648.3K – $864.4K
NOI $51,865 @ 7.0% cap · market cap 4.72%
Second Best
Healthcare Medical
$700.1K
$612.6K – $816.8K
NOI $49,005 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$912.1K
$798.1K – $1.06M
NOI $63,849 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
Median Home Value
Check the figures for this property
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?
Medical Office Space - Former urgent care facility with a patient-focused layout, exam rooms, lab space, and dedicated on-site parking.
Where is this medical office space located?
The property is located at 5701 Chippewa St Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Former urgent care facility with large reception and waiting area; Multiple exam and procedure rooms with existing plumbing throughout; Lab space plus private offices and staff support areas
