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    13918 Olive Blvd Chesterfield, MO 63017

    Sponsored
    For Sale
    $725,000

    1.5-Acre Commercial/Residential Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 1.5-acre development opportunity in Chesterfield, Missouri, presents a unique investment prospect. Located at 13918 Olive Blvd, this property comprises four parcels totaling approximately 1.5 acres with roughly 500 feet of frontage on Olive Boulevard, a major east-west thoroughfare in St. Louis County. The site boasts high vehicular traffic counts, with approximately 12,000 cars passing daily in the immediate vicinity, and significantly higher volumes just a short distance west. Its strategic location near thriving commercial developments and excellent highway accessibility makes it ideal for various uses. Currently zoned R-2 (Residential), the property offers potential for rezoning to accommodate commercial uses such as storefront retail, mixed-use, or office development, capitalizing on the high visibility and traffic flow of Olive Boulevard. Utilities are readily available on-site. The property's APN is 16Q130711. This prime location has experienced substantial residential growth in recent decades, making it a highly desirable area for living, working, and dining. The asking price is $725,000. This represents a rare chance to acquire a well-positioned development site in a thriving Chesterfield neighborhood.

    Property Features for 13918 Olive Blvd

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre development site in Chesterfield, MO, with excellent highway accessibility.
    • Four 1.5‑acre parcels totaling approximately 500 feet of frontage on Olive Boulevard, a major St. Louis County thoroughfare.
    • On‑site utilities available.
    • High vehicular traffic counts.
    • Proximity to successful commercial developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.515256544277
    Latitude
    38.681153858933

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial/Residential Site
    Where is this land located?
    The property is located at 13918 Olive Blvd Chesterfield, MO.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 1.5-acre development site in Chesterfield, MO, with excellent highway accessibility.; Four 1.5-acre parcels totaling approximately 500 feet of frontage on Olive Boulevard, a major St. Louis County thoroughfare.; On-site utilities available.
    (314) 451-7471
    Request Owner's contact information
    13918 Olive Blvd Chesterfield, MO 63017
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    Chesterfield, MO 63017
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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.

    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
    13918 Olive Blvd Chesterfield, MO 63017
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