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

    717 Office Pkwy Creve Coeur, MO 63141

    Sponsored
    For Lease
    $25 SF/Yr

    St. Louis County Office Building: Multiple Suites Available, Newly Renovated.

    Lot size:
    101,227 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    717 Office Parkway presents a remarkable opportunity for businesses seeking premium office space in St. Louis County. This Class B building, totaling 101,227 square feet, underwent a complete renovation in 2024, ensuring modern amenities and a fresh aesthetic. The property offers flexible space options, with a minimum divisible unit of 9,496 square feet and a maximum contiguous space of 20,465 square feet. Currently, a substantial 90,114 square feet is available for lease, providing ample room for expansion or consolidation. The building's design prioritizes creating a strong first impression, ideal for businesses focused on projecting a professional image to clients and employees. Multiple tenancy is available, catering to a variety of business needs and sizes. Located in St. Louis County, this property offers convenient access to key transportation routes and local amenities. The building's recent renovation ensures modern infrastructure and efficient layouts, making it an attractive option for businesses seeking a high-quality workspace. Contact us today to explore the possibilities of establishing your business at 717 Office Parkway.

    Property Features for 717 Office Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    101,227 SF
    Class
    B
    Total Rate
    210889.58

    Building Details

    Year Renovated
    2024

    Unit(s) available at that property

    Space
    717 Office Parkway
    Size
    90,114 SF
    Rate per SF
    $25
    Space
    First Floor- Suite 1
    Size
    14,514 SF
    Space
    First Floor- Suite 2
    Size
    10,711 SF
    Space
    Second Floor- Suite 1
    Size
    20,465 SF
    Space
    Second Floor- Suite 2
    Size
    10,792 SF
    Space
    Third Floor- Suite 1
    Size
    20,465 SF
    Space
    Third Floor- Suite 2
    Size
    10,792 SF
    Space
    Basement
    Size
    9,496 SF

    We can help!

    Listing Contact
    Joel Meyer SIOR
    Joel Meyer SIOR

    Learn more

    HighLights

    • Class B office building totaling 101,227 square feet in St. Louis County.
    • Multiple tenancies available, with 90,114 square feet currently vacant.
    • Spaces range from 9,496 square feet minimum divisible to a maximum contiguous 20,465 square feet.
    • Recently renovated in 2024.
    • Eight suites currently available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -90.4336655
    Latitude
    38.6691009

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    FAQs

    What type of property is this?
    Office Property / Space - St. Louis County Office Building: Multiple Suites Available, Newly Renovated.
    Where is this office property / space located?
    The property is located at 717 Office Pkwy Creve Coeur, MO.
    What is the lease rate?
    The lease rate is $0.00-$25 SF/Yr.
    What are key features of this property?
    This property features: Class B office building totaling 101,227 square feet in St. Louis County.; Multiple tenancies available, with 90,114 square feet currently vacant.; Spaces range from 9,496 square feet minimum divisible to a maximum contiguous 20,465 square feet.
    Request Owner's contact information
    717 Office Pkwy 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
    717 Office Pkwy Creve Coeur, MO 63141
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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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