Flex Office Warehouse
For Sale
Contact for pricing
732-756 Goddard Ave, Chesterfield, MO 63005
Flex/office warehouse offering up to 25,540 SF, including 14' clear heights and dock-high plus drive-in loading.
Property Size33,323 SF
Price / SF$140
Days on Market453
Property Features for 732-756 Goddard Ave
General Information
Standard status
Active
Size
33,323 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Clear Height
14 ft
Amenities
fully air-conditioned
highway visibility to I-64
Listing Agency:
Colliers
(314) 863-4447
Listed By:
Joseph Hill, CCIM, SIOR
(314) 365-3529
Source:
Moodyscre
Added: Jun 18, 2025
Changed: Sep 6
Last Checked: Sep 12 at 6:18AM
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 Colliers
Investment Insights
Based on property information with market context.
This flex/office warehouse building totals 33,323 SF and offers up to 25,540 SF available for lease or owner/user use. The property features 14’ clear ceiling heights and includes dock-high loading as well as drive-in access. Fully air-conditioned units are available, supporting flexible tenant requirements.
Highway visibility to I-64 can enhance exposure for business operations. Parking is supported by a 3.5/1,000 SF parking ratio.
The building’s mix of warehouse clearance, loading options, and available air-conditioned space makes it suitable for users looking for light industrial and office-oriented functionality within a single property.
Highway visibility to I-64 can enhance exposure for business operations. Parking is supported by a 3.5/1,000 SF parking ratio.
The building’s mix of warehouse clearance, loading options, and available air-conditioned space makes it suitable for users looking for light industrial and office-oriented functionality within a single property.
Key Highlights
- 33,323 SF flex/office warehouse building with up to 25,540 SF available for lease or owner/user use
- 14' clear ceiling heights for warehouse and flex/office space
- Dock‑high loading plus drive‑in loading available
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
$160,406
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
3.44%
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%
$3,208,120
$3.2M
Cap Rate 7%
$2,291,514
$2.3M
Cap Rate 9%
$1,782,289
$1.8M
Market Conditions
NOI Build-Up for 33,323 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
$197.6K $5.93/SF
− Vacancy
−$8.9K −$0.27/SF
EGI
$188.7K $5.66/SF
− OpEx
−$28.3K −$0.85/SF
NOI
$160.4K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
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%
$3,208,120
Cap Rate 7%
$2,291,514
Cap Rate 9%
$1,782,289
Alternative Uses
Best Use
Warehouse
$2.29M
$2.01M – $2.67M
NOI $160,406 @ 7.0% cap · market cap 3.44%
Second Best
Industrial
$1.89M
$1.65M – $2.20M
NOI $132,099 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$7.15M
$6.26M – $8.34M
NOI $500,619 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
683
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 Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/office warehouse offering up to 25,540 SF, including 14' clear heights and dock-high plus drive-in loading.
Where is this flex space located?
The property is located at 732-756 Goddard Ave Chesterfield, MO.
What is the asking price?
The asking price for this property is $4,665,220.
What are key features of this property?
This property features: 33,323 SF flex/office warehouse building with up to 25,540 SF available for lease or owner/user use; 14' clear ceiling heights for warehouse and flex/office space; Dock‑high loading plus drive‑in loading available
