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    11969-11975 Westline Industrial Dr St St. Louis, MO 63146

    Sponsored
    For Lease
    $19 SF/Yr

    St. Louis Office Space, Newly Renovated

    Lot size:
    113,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    The Crossings, a Class B office building in St. Louis County, Missouri, offers 113,276 square feet of executive office space. Recently renovated in 2022, the property boasts updated lobbies, common areas, and attractive exterior amenities including a pickleball court and outdoor seating. Multiple tenancy options are available, ranging from 3,115 to 14,024 contiguous square feet, with a total of 39,371 square feet currently vacant. The building provides a 5:1,000 square foot parking ratio. Strategically located at 11969-11975 Westline Industrial Dr, St. Louis, MO 63146, near the intersection of I-270 and Page Avenue, it offers convenient access to St. Charles, Lambert-St. Louis International Airport, and Downtown St. Louis. Its location in the Westport/Maryland Heights submarket, known for its Fortune 1000 companies, provides a prestigious business address. The property is also just 0.3 miles from Westport Plaza. This amenity-rich environment is ideal for businesses seeking a creative and convenient office space.

    Property Features for 11969-11975 Westline Industrial Dr St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    113,276 SF
    Class
    B
    Total Rate
    179353.67

    Building Details

    Year Renovated
    2022

    Unit(s) available at that property

    Space
    Suite 3-225
    Size
    3,115 SF
    Rate per SF
    $19
    Space
    Suite 4-200
    Size
    12,445 SF
    Rate per SF
    $19
    Space
    Suite 110
    Size
    4,397 SF
    Rate per SF
    $19
    Space
    Suite 200
    Size
    14,024 SF
    Rate per SF
    $19
    Space
    Suite 3-100
    Size
    5,390 SF
    Rate per SF
    $19

    We can help!

    Listing Contact
    Joel Meyer SIOR
    Joel Meyer SIOR

    Learn more

    HighLights

    • Recently renovated Class B office building with updated lobbies, common areas, and exterior amenities including a pickleball court.
    • 113,276 square feet of executive office space available in the prestigious Westport/Maryland Heights submarket.
    • Monumental signage and ample parking (5/1000 SF ratio) are available.
    • Excellent location near I‑270 and Page Avenue, providing easy access to St. Charles, Lambert International Airport, and Downtown St. Louis.
    • Located near Westport Plaza and surrounded by Fortune 1000 companies, top employers, dining, and entertainment options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4419787
    Latitude
    38.702425

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    FAQs

    What type of property is this?
    Office Property / Space - St. Louis Office Space, Newly Renovated
    Where is this office property / space located?
    The property is located at 11969-11975 Westline Industrial Dr St St. Louis, MO.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Recently renovated Class B office building with updated lobbies, common areas, and exterior amenities including a pickleball court.; 113,276 square feet of executive office space available in the prestigious Westport/Maryland Heights submarket.; Monumental signage and ample parking (5/1000 SF ratio) are available.
    Request Owner's contact information
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    St. Louis, MO 63146
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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
    11969-11975 Westline Industrial Dr St St. Louis, MO 63146
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    We can help!
    Listing Contact
    Joel Meyer SIOR
    Joel Meyer SIOR
    Real Estate License ID: MO 2014018689
    Learn more
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