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    845 New Ballas Ct Creve Coeur, MO 63141

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    For Lease
    Contact for pricing

    Class A Medical Office Space in Creve Coeur, MO

    Lot size:
    82,000 SF

    Property Features for 845 New Ballas Ct

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,000 SF
    Class
    A
    Total Rate
    201583.33

    Spaces For Lease

    at 845 New Ballas Ct, Creve Coeur, MO 63141 Contact us
    Unit Suite 120

    $29 /Mo

    Size
    2,734 SF
    Contact us
    Unit Suite 204

    $29 /Mo

    Size
    2,078 SF
    Contact us
    Unit Suite 202

    $29 /Mo

    Size
    3,344 SF
    Contact us
    Unit Suite 203

    $29 /Mo

    Size
    6,511 SF
    Contact us
    Unit Suite 320

    $29 /Mo

    Size
    1,417 SF
    Contact us
    Unit Suite 30

    $29 /Mo

    Size
    3,727 SF
    Contact us
    Unit Suite 40

    $29 /Mo

    Size
    3,836 SF
    Contact us
    Unit Suite 130

    $29 /Mo

    Size
    1,689 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jay Travis
    Jay Travis

    Listing Agency: Avison Young Listing Agent: Jay Travis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    CityPlace Medical, located at 845 N New Ballas Ct, Creve Coeur, MO 63141, presents a prime opportunity for medical professionals seeking Class A office space in St. Louis County. This multi-tenant building boasts a total of 82,000 square feet, with 25,363 square feet currently available. Suites range from a minimum of 1,417 square feet to a maximum contiguous space of 6,511 square feet, offering flexibility for practices of various sizes. The building's premier status is reflected in its numerous amenities, designed to cater specifically to the needs of medical tenants. The property's convenient location in Creve Coeur provides easy access for patients and staff alike. This exceptional medical office building offers a sophisticated and efficient workspace, perfectly suited for a thriving medical practice. The building's Class A designation ensures high-quality construction and finishes, creating a professional and welcoming environment. With its ample available space and desirable location, CityPlace Medical represents an excellent investment opportunity for medical professionals seeking to establish or expand their practice in a thriving community. Contact us today to learn more about the available suites and schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Creve Coeur
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4439724
    Latitude
    38.6735231

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      Creve Coeur Medical Office Building

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    FAQs

    What type of property is this?
    Medical office - Class A Medical Office Space in Creve Coeur, MO
    Where is this medical office located?
    The property is located at 845 New Ballas Ct Creve Coeur, MO.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Renovated lobby.; Porte cochere entry with direct lobby access.; Free structured parking with direct building access.
    (314) 785-7697 Call to check price and availability
    Request Owner's contact information
    845 New Ballas Ct Creve Coeur, MO 63141
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    Creve Coeur, MO 63141
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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
    845 New Ballas Ct Creve Coeur, MO 63141
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jay Travis
    Jay Travis
    Real Estate License ID: 63017
    (314) 785-7697 (314) 827-7648 (314) 968-9898
    Learn more
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