Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12332 Manchester Road Des Peres, MO 63131

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease anchored by Schnucks.

    Type:Retail, Office, Restaurant
    Added:
    Sep 5, 2024
    Days on Market:
    601
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 12332 Manchester Road

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 12332 Manchester Road Contact us

    We can help!

    Listing Contact
    Marissa Visconsi

    Listing agent Marissa Visconsi License #CT

    Listing office Phillips Edison & Company

    Listing date Sep 5, 2024

    Source Crexi

    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 Phillips Edison & Company

    Overview

    Retail Space in Des Peres

    Des Peres Corners shopping center offers retail space for lease. Anchored by a high-performing Schnucks, the shopping center is located at the intersection of Manchester Road and N. Ballas Road in St. Louis, Missouri. The property features barre3 and other national tenants.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • west county center — des peres, mo 63131
    • Concord Plaza Shopping Center — 11906 manchester rd, st. louis, mo 63131
    • Sunglass Hut — 162 W County Rd Spc 2242, Des Peres, MO 63131
    • West county mall — 25 W County Center, Des Peres, MO 63131
    • Da makl — 173 W County Center, Des Peres, MO 63131

    Location Insight

    • Map
    • Local Demand
    City
    Des Peres
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4422025
    Latitude
    38.6015377

    Nearby Similar for Lease

    • $2,023/Mo

      Retail Space on Manchester Road

      Retail space available for lease on Manchester Road.
      11767 Manchester Road, Des Peres, MO 63131
      View Details
    • $2,025/Mo

      Commercial Space Available for Rent

      Commercial space for rent in Des Peres, Missouri.
      12009 Manchester Road, Des Peres, MO 63131
      View Details
    • Contact for pricing

      Des Peres Commercial Property

      Commercial property available for rent in Des Peres, Missouri.
      11768 Manchester Road, Des Peres, MO 63131
      View Details
    • $19 SF/Yr

      Des Peres Office Space Available

      Office space for rent in a convenient location.
      13100 Manchester Rd, Des Peres, MO
      View Details
    • Contact for pricing

      Des Peres Commercial Property Rental

      Commercial property available for rent in Des Peres, Missouri.
      12100 Manchester Road, Des Peres, MO 63131
      View Details
    • Contact for pricing

      Des Peres Retail Space Available

      Retail space in high-traffic Des Peres location for lease.
      12340-12360 Manchester Rd, Des Peres, MO
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Mixed-use building with retail, office, and lower level space.
      12005-12085 Manchester Rd, Des Peres, MO
      View Details
    • Contact for pricing

      Retail Space in Des Peres

      Retail space available in a shopping center in Des Peres.
      11925-11955 Manchester Rd, Des Peres, MO
      View Details
    • $28 SF/Yr

      Retail Space Near West County

      Retail space with major renovations and high traffic location.
      1131-1193 Colonnade Center, Des Peres, MO
      View Details
    • Contact for pricing

      Retail Space in Des Peres

      Retail space available in Olympic Oaks Village, Des Peres, MO.
      12107-12129 Manchester Rd, Des Peres, MO
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Des Peres, Missouri.
      12100 Manchester Rd, Des Peres, MO 63131
      View Details
    • Contact for pricing

      Retail Space in Des Peres

      Retail space available at a high-traffic intersection.
      1052-1090 N Ballas Rd, Des Peres, MO
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space for lease anchored by Schnucks.
    Where is this shopping center located?
    The property is located at 12332 Manchester Road Des Peres, MO.
    What are key features of this property?
    This property features: Anchored by a high‑performing Schnucks.; Located at the high‑traffic intersection of Manchester Road and N. Ballas Road.; Features barre3 and other national tenants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marissa Visconsi
    Real Estate License ID: CT
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!