Multi-Tenant Office Building For
For Sale
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1799 Smizer Station Rd, Fenton, MO 63026
4,012 SF multi-tenant office building available for immediate occupancy.
Property Size4,012 SF
Price / SF$149.55
Days on Market1504
Property Features for 1799 Smizer Station Rd
General Information
Standard status
Active
Size
4,012 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Renovated
2020
Tenancy
Multi
Listing Agency:
Intelica
Listed By:
Dan Merlo, CCIM · License #MO 1999093826
(314) 270-5993
Source:
Crexi
Added: Jul 27, 2022
Changed: Sep 6
Last Checked: Sep 7 at 9:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intelica
Investment Insights
Based on property information with market context.
A 4,012 square foot multi-tenant office building is available for sale and immediate occupancy. Located at 1799 Smizer Station Rd, the property is suitable for an owner/user seeking a building with separately metered suites on the lower level that can provide additional income.
Key Highlights
- 4,012 SF multi‑tenant office building.
- Available for immediate occupancy.
- Excellent owner/user building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,200
$979.2K
Cap Rate 7%
$699,429
$699.4K
Cap Rate 9%
$544,000
$544.0K
Market Conditions
NOI Build-Up for 4,012 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$89.5K $22.32/SF
− Vacancy
−$24.3K −$6.05/SF
EGI
$65.3K $16.27/SF
− OpEx
−$16.3K −$4.07/SF
NOI
$49.0K $12.20/SF
Area
St. Louis County, MO
Vacancy
27.10%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,200
Cap Rate 7%
$699,429
Cap Rate 9%
$544,000
Alternative Uses
Best Use
Office B
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.0K
$753.4K – $1.00M
NOI $60,273 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 63026, MO
44,648
Population
18,051
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
93%
High-School Grad
25.3 sq mi
ZIP Area
1,765
Density / Sq Mi
$96,145
Median Household Income
$48,827
Median Earnings
$1,091
Median Rent
$281,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 4,012 SF multi-tenant office building available for immediate occupancy.
Where is this office building located?
The property is located at 1799 Smizer Station Rd Fenton, MO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,012 SF multi‑tenant office building.; Available for immediate occupancy.; Excellent owner/user building.
