Divisible Flex Space with Six
For Sale
Contact for pricing
707 Spirit 40 Park Dr, Chesterfield, MO 63005
Office/flex building with updated interior finishes and versatile, divisible suite configuration.
Property Size35,916 SF
Price / SF$127
Days on Market136
Property Features for 707 Spirit 40 Park Dr
General Information
Standard status
Active
Size
35,916 SF
Total Parking Spaces
280
Property subtype
FLEX_R_AND_D
Additional Details
Asking Price
$5,387,400
Highway Access
Yes
Office Units
6
Building Details
Buildings
1
Building Size
35,916 SF
Parking Ratio
4.26 per 1,000 SF
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Benjamin R Cherry
(314) 518-5010
Source:
Moodyscre
Added: Jun 16
Changed: Oct 25
Last Checked: Oct 28 at 12:14PM
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
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Investment Insights
Based on property information with market context.
707 Spirit 40 Park Drive is a 35,916 square foot office/flex building designed for an owner-user or multi-tenant setup. The space features a divisible floor plan with six suites ranging from approximately 2,400 to 13,100 square feet, supporting either a single occupant or multiple tenants with different size needs. Interior finishes are modern and updated throughout, helping reduce near-term capital requirements for an incoming user or new ownership.
The property includes 280 dedicated parking spaces, providing on-site capacity for office and flex operations. Prominent building signage is available on Chesterfield Airport Road, supporting visibility from one of the area’s primary arterials. The site is immediately adjacent to the Gateway Studios development and offers direct access to I-64, with proximity to Chesterfield Commons and St. Louis Premium Outlets, plus a dense mix of retail, dining, and hospitality amenities nearby.
Available for acquisition or occupancy, the building can be tailored based on prospective occupancy needs or a multi-tenant strategy.
The property includes 280 dedicated parking spaces, providing on-site capacity for office and flex operations. Prominent building signage is available on Chesterfield Airport Road, supporting visibility from one of the area’s primary arterials. The site is immediately adjacent to the Gateway Studios development and offers direct access to I-64, with proximity to Chesterfield Commons and St. Louis Premium Outlets, plus a dense mix of retail, dining, and hospitality amenities nearby.
Available for acquisition or occupancy, the building can be tailored based on prospective occupancy needs or a multi-tenant strategy.
Key Highlights
- 35,916 SF office/flex building with divisible floor plan
- Six suites sized approximately 2,400 to 13,100 SF
- 280 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,378
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,847,560
$2.8M
Cap Rate 7%
$2,033,971
$2.0M
Cap Rate 9%
$1,581,978
$1.6M
Market Conditions
NOI Build-Up for 35,916 SF
Gross rent
$213.0K $5.93/SF
− Vacancy
−$9.6K −$0.27/SF
EGI
$203.4K $5.66/SF
− OpEx
−$61.0K −$1.70/SF
NOI
$142.4K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,847,560
Cap Rate 7%
$2,033,971
Cap Rate 9%
$1,581,978
Alternative Uses
Best Use
Office B
$6.26M
$5.48M – $7.30M
NOI $438,299 @ 7.0% cap · market cap 9.61%
Second Best
Industrial
$2.03M
$1.78M – $2.37M
NOI $142,378 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$7.71M
$6.74M – $8.99M
NOI $539,574 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
6
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office/flex building with updated interior finishes and versatile, divisible suite configuration.
Where is this flex space located?
The property is located at 707 Spirit 40 Park Dr Chesterfield, MO.
What is the asking price?
The asking price for this property is $4,561,332.
What are key features of this property?
This property features: 35,916 SF office/flex building with divisible floor plan; Six suites sized approximately 2,400 to 13,100 SF; 280 dedicated parking spaces
