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    The Largest CRE Database in the US with Over 1 Million Listings

    680 Craig Rd Creve Coeur, MO 63141

    Sponsored
    For Lease
    $22 SF/Yr

    830 SF Office, Newly Renovated, Prime Location

    Lot size:
    51,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    419
    This exceptional 830-square-foot executive office space is available for lease within the prestigious 680 Craig Road building in Creve Coeur, Missouri. Located in the highly sought-after Creve Coeur submarket of St. Louis County, this Class B office building offers a newly renovated interior, boasting a modern lobby, updated restrooms, and refreshed common areas. The building also features a convenient conference center equipped with audio-visual capabilities, perfect for presentations and meetings. Ample parking is available with a generous 4 spaces per 1,000 square feet ratio. Benefit from prominent building signage and easy access to Interstate 270, ensuring convenient commutes for your employees and clients. The building's strategic location near the intersection of Olive Boulevard and I-270 provides excellent visibility and accessibility. Enjoy the convenience of nearby amenities, including Starbucks and Dierbergs, within walking distance. The total building size is 51,932 square feet, with multiple tenants currently occupying the space. This 830 square foot suite is ready for immediate occupancy. The zip code is 63141.

    Property Features for 680 Craig Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,932 SF
    Class
    B
    Total Rate
    97372.5

    Unit(s) available at that property

    Space
    Suite 100
    Size
    830 SF
    Rate per SF
    $22

    We can help!

    Listing Contact
    Joel Meyer Sior
    Joel Meyer Sior

    Learn more

    Property Insight Report

    HighLights

    • Recently renovated with new windows, lobby, restrooms, common areas, and conference center.
    • Excellent I‑270 access and walkable amenities, including a Starbucks.
    • 4 spaces per 1,000 square feet parking ratio.
    • Monument and building signage opportunities available.
    • Shared conference facility with A/V capabilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Clothing Store Gym & Fitness Pharmacy Wholesale Shop Skin Care Clinic

    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
    -90.4363801
    Latitude
    38.6686995

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      Creve Coeur Office Building For Sale

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    FAQs

    What type of property is this?
    Office Property / Space - 830 SF Office, Newly Renovated, Prime Location
    Where is this office property / space located?
    The property is located at 680 Craig Rd Creve Coeur, MO.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Recently renovated with new windows, lobby, restrooms, common areas, and conference center.; Excellent I-270 access and walkable amenities, including a Starbucks.; 4 spaces per 1,000 square feet parking ratio.
    Request Owner's contact information
    680 Craig Rd 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
    680 Craig Rd Creve Coeur, MO 63141
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    We can help!
    Listing Contact
    Joel Meyer Sior
    Joel Meyer Sior
    Real Estate License ID: 2014018689
    Learn more
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