Two-Building Office Portfolio For
702-707 Spirit 40 Park Dr Chesterfield, MO
702-707 Spirit 40 Park Dr, Chesterfield, MO, 00000
Contact for pricing
For Sale
Contact for pricing
Two-building office portfolio in Chesterfield Valley with high visibility.
Property Size32,823 SF
Lot Size2.79 Acres
Price / SF$300.47
Days on Market304
Property Features for 702-707 Spirit 40 Park Dr
General Information
- Standard status
- Active
- Size
- 32,823 SF
- Lot size
- 2.79 Acres
- Property subtype
- OFFICE
Listing Agency
Manor Real Estate
(314) 518-5010
Listed by
Benjamin R Cherry · License #2021000758
(314) 518-5010
Source
Moodyscre
Added: Sep 16, 2025 Checked: Jul 16 at 6:40 am
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 Manor Real Estate
Investment Insights
Based on property information with market context.
This offering features a two-building office portfolio located in Chesterfield Valley. The properties offer prominent building signage along Chesterfield Airport Road, providing visibility and brand presence in a dynamic business corridor. The buildings provide 280 parking spaces, a ratio of 4.26 spaces per 1,000 square feet. The portfolio features modern, updated interiors and an accessible location. The properties are located next to the $130 million “Gateway Studios” development and benefit from the surrounding retail, dining, entertainment, and corporate amenities. The combined area of the buildings is 32,823 square feet.
Key Highlights
- Exceptional visibility and brand presence with prominent building signage along Chesterfield Airport Road.
- Located in the heart of the dynamic Chesterfield Valley business corridor.
- Abundant dedicated parking with 280 spaces (4.26/1,000 SF).
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $732.6k | $22.32 |
| − Vacancy | −$198.5k | −$6.05 |
| EGI | $534.1k | $16.27 |
| − OpEx | −$133.5k | −$4.07 |
| NOI | $400.6k | $12.20 |
32,823 SF · lease $22.32/SF/yr · vacancy 27.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.72M
$5.01M – $6.68M
NOI $400,554 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.04M
$6.16M – $8.22M
NOI $493,108 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-building office portfolio in Chesterfield Valley with high visibility.
Where is this office building located?
The property is located at 702-707 Spirit 40 Park Dr Chesterfield, MO.
What is the asking price?
The asking price for this property is $9,862,200.
What are key features of this property?
This property features: Exceptional visibility and brand presence with prominent building signage along Chesterfield Airport Road.; Located in the heart of the dynamic Chesterfield Valley business corridor.; Abundant dedicated parking with 280 spaces (4.26/1,000 SF).
