Multi-Suite Flex
New
For Sale
$4,561,332
707 Spirit 40 Park Drive, Chesterfield, MO 63005
Commercial Sale, Chesterfield, MO
Property Size35,916 SF
Lot Size2.76 Acres
Price / SF$127
Days on Market3
Property Features for 707 Spirit 40 Park Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Spirit 40 Park Lts 1 Thru 3 Bdy Adj
Directions
GPS
Standard status
Active
APN
17V-42-0113
Lot size
2.76 Acres
Additional Details
Property Use
Office/Flex
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
122462
Amenities
building signage
Building Details
Year built
1998
Floors in Building
1
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
3146476611x11
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 8:06AM
MLS# 26069707
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 35,916-square-foot flex building, completed in 1998, is arranged as six suites of approximately 2,400 to 13,100 square feet. The floor plan can accommodate a single occupant or multiple tenants, and updated interior finishes are in place. The property includes 280 dedicated parking spaces, equal to a 4.26/1,000 SF parking ratio, along with building signage on Chesterfield Airport Road.
The site covers 2.76 acres in Chesterfield, with direct access to I-64. Chesterfield Commons and St. Louis Premium Outlets are nearby, along with retail, dining, and hospitality amenities. Gateway Studios is immediately adjacent to the property.
The site covers 2.76 acres in Chesterfield, with direct access to I-64. Chesterfield Commons and St. Louis Premium Outlets are nearby, along with retail, dining, and hospitality amenities. Gateway Studios is immediately adjacent to the property.
Key Highlights
- 35,916‑square‑foot flex building on 2.76 acres
- Six suites ranging from approximately 2,400 to 13,100 square feet
- 280 dedicated parking spaces; 4.26/1,000 SF ratio
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
635
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
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
Frequently Asked Questions
What type of property is this?
Flex space - Updated interiors and a divisible layout support single-occupant or multi-tenant configurations.
Where is this flex space located?
The property is located at 707 Spirit 40 Park Drive 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‑square‑foot flex building on 2.76 acres; Six suites ranging from approximately 2,400 to 13,100 square feet; 280 dedicated parking spaces; 4.26/1,000 SF ratio
