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    2360 Chaffee Dr St St. Louis, MO 63146

    Sponsored
    For Sale
    $6,000,000

    41,150 SF, 100% Leased, $6M

    Property size:
    41,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully leased, single-tenant distribution building totaling 41,150 square feet situated on a 1.98-acre lot in St. Louis, Missouri. Located at 2360 Chaffee Dr, 63146, this Class B industrial property boasts a prime location just 10 minutes from Lambert International Airport, offering convenient access to major transportation routes via Interstate I-270 and Page Boulevard. Constructed in 1972 and extensively renovated in 2017, the building features a robust concrete tilt-up, double-T construction with a 23-foot clear height ceiling throughout the fully air-conditioned warehouse space. The warehouse is equipped with a wet sprinkler system and five dock-high doors, ensuring efficient operations. The property includes 7,000 square feet of finished office space, supported by a comprehensive electrical system (600 Amps/208V/3-Phase & 800 Amps/480V/3-Phase) and 100% LED lighting (installed in 2021). Cooling is provided by two 25-ton RTUs. Ample parking is available with 50 spaces. The property is zoned for light industrial use and has a Net Operating Income (NOI) of $308,625. 2021 property taxes were $90,517.56. This is a rare opportunity to acquire a high-performing, fully occupied asset in a desirable St. Louis location.

    Property Features for 2360 Chaffee Dr St

    General Information

    Property type
    Distribution properties
    Square Feet
    41,150 SF
    Class
    B
    Lot Size
    86,249 SF

    Building Details

    Year Built/Renovated
    1972/2017

    HighLights

    • 7,000 SF of finished office space.
    • Concrete tilt‑up construction.
    • Warehouse features two 25‑ton rooftop HVAC units.
    • 600‑amp/208V/3‑phase and 800‑amp/480V/3‑phase electrical service.
    • 100% LED lighting throughout the office and warehouse.
    • 2021 property taxes: $90,517.56
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    St. Louis
    County
    St Louis
    State
    Missouri
    Longitude
    -90.4596721
    Latitude
    38.7254453

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    FAQs

    What type of property is this?
    Distribution property - 41,150 SF, 100% Leased, $6M
    Where is this distribution property located?
    The property is located at 2360 Chaffee Dr St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 7,000 SF of finished office space.; Concrete tilt-up construction.; Warehouse features two 25-ton rooftop HVAC units.
    Request Owner's contact information
    2360 Chaffee Dr St St. Louis, MO 63146
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    Realmo Value Estimation

    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.

    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
    2360 Chaffee Dr St St. Louis, MO 63146
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