Building Details

Year Built 2024

Buildings 1

Listing Agency: CBRE - Little Rock, Arkansas

Listed By: Nick Garavaglia · License #MO Show Phone

Source: Crexi

Added: Aug 20 Changed: Oct 2 Last Checked: Oct 14 at 8:45PM

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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 CBRE - Little Rock, Arkansas

Investment Insights

Based on property information with market context.

This flex-space property offers 52,000 square feet configured for combined industrial and office use. The building was completed in 2024, providing a recently constructed commercial facility for an owner-user or other operational application supported by the existing layout.

The property encompasses 12.25 acres at 8989 Weier Rd. in Pevely, Missouri, with the building and land held together as one commercial asset. Its blend of industrial and office components creates a practical platform for businesses requiring both work areas and administrative space at the same location.

Key Highlights

• 52,000 SF industrial/office building
• 12.25‑acre commercial property
• Built in 2024

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$655,050

Cap Rate

7.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,101,000 $13.1M

Cap Rate 7%

$9,357,857 $9.4M

Cap Rate 9%

$7,278,333 $7.3M

Market Conditions

NOI Build-Up for 52,000 SF

Gross rent

$1.20M $23.04/SF

− Vacancy

−$324.7K −$6.24/SF

EGI

$873.4K $16.80/SF

− OpEx

−$218.4K −$4.20/SF

NOI

$655.1K $12.60/SF

Area

Jefferson County, MO

Vacancy

27.10%

Lease Rate

$23.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,101,000

Cap Rate 7%

$9,357,857

Cap Rate 9%

$7,278,333

Alternative Uses

Best Use

Office B

$9.36M

$8.19M – $10.92M (±1% cap)

NOI $655,050 @ 7.0% cap · market cap 7.36%

Second Best

Warehouse

$3.90M

$3.41M – $4.54M (±1% cap)

NOI $272,670 @ 7.0% cap · market cap 3.06%

Theoretical Best

Specialty Retail

$154.43M

$135.13M – $180.17M (±1% cap)

NOI $10,810,444 @ 7.0% cap · market cap 121.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

124

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 63070, MO

7,659

Population

3,234

Households

2.4

Avg Household Size

37

Median Age

16%

College-Educated

92%

High-School Grad

15.0 sq mi

ZIP Area

511

Density / Sq Mi

$65,330

Median Household Income

$34,781

Median Earnings

$846

Median Rent

$209,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - A substantial facility combines industrial and office functions in one flexible commercial property.

Where is this flex space located?

The property is located at 8989 Weier Rd. Pevely, MO.

What is the asking price?

The asking price for this property is $8,900,000.

What are key features of this property?

This property features: 52,000 SF industrial/office building; 12.25‑acre commercial property; Built in 2024