Renovated Single-Story Office
New
For Sale
Contact for pricing
640 Cepi Drive, Chesterfield, MO 63005
Updated office property with modernized common areas, suite kitchenettes, and long-term leases in place.
Property Size11,154 SF
Price / SF$224.13
Days on Market4
Property Features for 640 Cepi Drive
General Information
Standard status
Active
Size
11,154 SF
Net Rentable
2,736 SF
Property subtype
Office
Occupancy
100%
Additional Details
Asking Price
$2,500,000
Amenities
upgraded landscaping
common area lobby
restrooms
suite kitchenettes
new monument sign
Building Details
Buildings
1
Stories
1
Listing Agency:
Trident Group Partners
Listed By:
Joshua Coffman · License #MO 2004019424
(314) 744-1661
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 2:00PM
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 Trident Group Partners
Investment Insights
Based on property information with market context.
This single-story office building contains 11,154 SF and has undergone extensive interior and exterior renovations. Improvements include refreshed landscaping, a new common-area lobby and restrooms completed in 2024, suite kitchenettes, and lighting and electrical upgrades completed in 2024/2025. The property also features 14-foot ceilings throughout and a monument sign currently in progress.
The building supports both investment and owner-user strategies, with up to 2,736 RSF available for occupancy while long-term tenant leases remain in place elsewhere in the property. Approximately 75% of the HVAC systems have been replaced within the last ten years, and a new roof is scheduled for 2026. The property is located at 640 Cepi Drive in Chesterfield Valley, Chesterfield, Missouri.
The building supports both investment and owner-user strategies, with up to 2,736 RSF available for occupancy while long-term tenant leases remain in place elsewhere in the property. Approximately 75% of the HVAC systems have been replaced within the last ten years, and a new roof is scheduled for 2026. The property is located at 640 Cepi Drive in Chesterfield Valley, Chesterfield, Missouri.
Key Highlights
- 11,154 SF single‑story office building
- Up to 2,736 RSF available for owner‑user occupancy
- New lobby and restrooms completed in 2024
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
$136,117
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
5.44%
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%
$2,722,340
$2.7M
Cap Rate 7%
$1,944,529
$1.9M
Cap Rate 9%
$1,512,411
$1.5M
Market Conditions
NOI Build-Up for 11,154 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
$249.0K $22.32/SF
− Vacancy
−$67.5K −$6.05/SF
EGI
$181.5K $16.27/SF
− OpEx
−$45.4K −$4.07/SF
NOI
$136.1K $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%
$2,722,340
Cap Rate 7%
$1,944,529
Cap Rate 9%
$1,512,411
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.27M
NOI $136,117 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,569 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Office building - Updated office property with modernized common areas, suite kitchenettes, and long-term leases in place.
Where is this office building located?
The property is located at 640 Cepi Drive Chesterfield, MO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11,154 SF single‑story office building; Up to 2,736 RSF available for owner‑user occupancy; New lobby and restrooms completed in 2024
