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    10004 Kennerly Rd Fenton, MO 63128

    Sponsored
    For Lease
    $27 SF/Yr

    Fenton, MO: Prime Medical Office Suites Available

    Lot size:
    48,846 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional medical office building, situated on the Mercy Hospital South campus in Fenton, Missouri (63128), offers a unique opportunity for healthcare providers. The Class B, three-story building, constructed in 1976, totals 48,846 square feet and sits on a 0.46-acre lot. Currently, 8,236 square feet of space is available, divisible into units ranging from 1,399 to 1,959 contiguous square feet. The building features multiple tenancies, allowing for flexibility in lease terms and space requirements. The property is zoned C-8 and benefits from its convenient location, offering quick access to major highways including I-270/255 and I-55. On-site amenities include covered patient drop-offs, valet parking, garage and surface parking, a pharmacy, ATM, cafe, cafeteria, gift shop, fitness center, and physician's lounge. Dedicated physician parking is also provided. The building's strategic location within the Mercy Hospital South campus ensures high visibility and convenient access to a wide range of hospital services, including emergency care, Mercy Kids ER, a Level II Trauma Center, heart care, stroke care, a cancer center, and behavioral health services. The complementary mix of healthcare providers already on-site creates a synergistic environment for new tenants. The building's connection to the hospital via corridors provides seamless patient flow and enhanced convenience.

    Property Features for 10004 Kennerly Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,846 SF
    Class
    B
    Total Rate
    109903.5

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 300-A
    Size
    1,399 SF
    Rate per SF
    $30
    Space
    Suite 240-A
    Size
    1,607 SF
    Rate per SF
    $30
    Space
    Suite 210-A
    Size
    1,863 SF
    Rate per SF
    $30
    Space
    Suite 120-A
    Size
    1,611 SF
    Rate per SF
    $30
    Space
    Suite 386-B
    Size
    1,959 SF
    Rate per SF
    $30
    Space
    Suite 130-A
    Size
    1,322 SF
    Rate per SF
    $30
    Space
    Suite 110-A
    Size
    671 SF
    Rate per SF
    $30
    Space
    Suite 340-A
    Size
    1,732 SF
    Rate per SF
    $30
    Space
    Suite 215-A
    Size
    1,266 SF
    Rate per SF
    $30

    We can help!

    Listing Contact
    Jared Stone

    Learn more

    Property Insight Report

    HighLights

    • On the Mercy South Hospital campus in Fenton, MO (63128).
    • Medical office building (MOB) connected to the hospital via corridors; 48,846 SF, Class B, built in 1976, on a 0.46‑acre lot. 8,236 SF available, divisible into 1,399‑1,959 SF units.
    • Covered patient drop‑offs, valet parking, and ample garage and surface parking.
    • On‑site amenities include a pharmacy, ATM, café, cafeteria, and gift shop.
    • Features a fitness center and physician's lounge; dedicated physician parking.
    • Strong tenant mix of complementary healthcare providers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Endocrinology, Diabetes, & Metabolism ... Medical Clinic C Group Psychiatric ... Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fenton
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.3802795
    Latitude
    38.5068778

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    FAQs

    What type of property is this?
    Medical office - Fenton, MO: Prime Medical Office Suites Available
    Where is this medical office located?
    The property is located at 10004 Kennerly Rd Fenton, MO.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: On the Mercy South Hospital campus in Fenton, MO (63128).; Medical office building (MOB) connected to the hospital via corridors; 48,846 SF, Class B, built in 1976, on a 0.46-acre lot. 8,236 SF available, divisible into 1,399-1,959 SF units.; Covered patient drop-offs, valet parking, and ample garage and surface parking.
    Request Owner's contact information
    10004 Kennerly Rd Fenton, MO 63128
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    Fenton, MO 63128
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10004 Kennerly Rd Fenton, MO 63128
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    We can help!
    Listing Contact
    Jared Stone
    Real Estate License ID: 2020042325
    Learn more
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