Flex Space with Office
For Sale
$3,120,000
635 Trade Center Boulevard, Chesterfield, MO 63005
Office-oriented flex property with warehouse capacity, loading access, parking, and an outdoor seating area.
Property Size16,158 SF
Price / SF$193.09
Days on Market107
Property Features for 635 Trade Center Boulevard
General Information
Standard status
Active
Size
16,158 SF
Total Parking Spaces
70
Property subtype
FlexIndustrial
Zoning
M-3 Planned Industrial
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
1
Drive-In Doors
1
Amenities
Conference rooms
Shared kitchen/breakroom
Patio area with outdoor seating
Building Details
Year Built
2001
Listing Agency:
CBRE
(314) 655-6006
Listed By:
Dave Randolph
(314) 655-6006
Source:
Cbre
Added: May 16
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 CBRE
Investment Insights
Based on property information with market context.
This flex property contains 16,158 square feet and was built in 2001. The interior is approximately 90% office finish, with 11-foot finished ceilings, ten perimeter offices, three conference rooms, and a sizable open area for collaborative work. Occupants share a kitchen and breakroom, while the warehouse and storage portion provides approximately 18 feet of clear height to the bar joists.
Loading access includes one operable 14-foot drive-in door. A dock-high opening currently finished as a glass window remains operable and can be converted back for loading use. The property also offers 70 parking spaces and a patio with outdoor seating. Zoned M-3 Planned Industrial in St. Louis County, the property is located at 635 Trade Center Boulevard in Chesterfield, Missouri.
Loading access includes one operable 14-foot drive-in door. A dock-high opening currently finished as a glass window remains operable and can be converted back for loading use. The property also offers 70 parking spaces and a patio with outdoor seating. Zoned M-3 Planned Industrial in St. Louis County, the property is located at 635 Trade Center Boulevard in Chesterfield, Missouri.
Key Highlights
- 16,158‑square‑foot flex property built in 2001
- Approximately 90% office finish with ten private offices and three conference rooms
- Approximately 18' warehouse clear height to bar joists
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
$197,184
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
6.32%
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%
$3,943,680
$3.9M
Cap Rate 7%
$2,816,914
$2.8M
Cap Rate 9%
$2,190,933
$2.2M
Market Conditions
NOI Build-Up for 16,158 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
$360.6K $22.32/SF
− Vacancy
−$97.7K −$6.05/SF
EGI
$262.9K $16.27/SF
− OpEx
−$65.7K −$4.07/SF
NOI
$197.2K $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%
$3,943,680
Cap Rate 7%
$2,816,914
Cap Rate 9%
$2,190,933
Alternative Uses
Best Use
Office B
$2.82M
$2.46M – $3.29M
NOI $197,184 @ 7.0% cap · market cap 6.32%
Second Best
Warehouse
$1.11M
$972.2K – $1.30M
NOI $77,779 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$3.47M
$3.03M – $4.05M
NOI $242,745 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63005, MO
19,235
Population
7,322
Households
2.6
Avg Household Size
44
Median Age
81%
College-Educated
98%
High-School Grad
36.5 sq mi
ZIP Area
527
Density / Sq Mi
$202,232
Median Household Income
$103,426
Median Earnings
$1,570
Median Rent
$671,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Office-oriented flex property with warehouse capacity, loading access, parking, and an outdoor seating area.
Where is this flex space located?
The property is located at 635 Trade Center Boulevard Chesterfield, MO.
What is the asking price?
The asking price for this property is $3,120,000.
What are key features of this property?
This property features: 16,158‑square‑foot flex property built in 2001; Approximately 90% office finish with ten private offices and three conference rooms; Approximately 18' warehouse clear height to bar joists
