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1831 Chestnut St St St. Louis, MO 63103
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For Lease
$15 SF/Yr
Downtown St. Louis: 52,320 SF Available
Lot size:
424,879 SF
Description
Added:
Dec 11, 2024
Days on Market:
408
Stadium One West, located at 1831 Chestnut Street in St. Louis, MO, offers a premier leasing opportunity. This Class A, nine-story building totaling 424,879 square feet, boasts 52,320 square feet of immediately available contiguous space on the 6th floor, with the ability to lease smaller spaces from 1,000 square feet. Built in 1947 and extensively renovated in 2021, the building features 13-foot ceilings, generous 18-foot column spacing, and four high-speed elevators. Amenities include a renovated cafeteria and tenant lounge with outdoor patio seating, expansive meeting space for up to 100 guests, 24/7 security and management, and two 2.5-megawatt backup generators. The building also offers cutting-edge fiber optic telecommunications services and ample parking with 1200 spaces available through an attached garage, 18th Street garage, surface lot, and MLS Garage. The property enjoys exceptional visibility with monument signage and superior accessibility to I-64/40 and the Metro Station. Its prime Downtown West location places it steps from CITYPARK, the St. Louis Aquarium, Union Station, and numerous dining, shopping, and entertainment venues. Nearby landmarks include the Stifel Theatre and Enterprise Center. The building's versatile layout, stunning downtown views from floor-to-ceiling windows, freight elevator and loading dock access, and natural core lighting via a central skylight, make it ideal for a variety of businesses. The surrounding area offers gourmet dining options, luxury hotels, educational institutions (including SLU Law School and Harris-Stowe State University), government buildings (including City Hall and the Federal Courthouse), and new residential developments.
Property Features for 1831 Chestnut St St
General Information
Property type
Office space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
424,879 SF
Class
A
Total Rate
531098.75
Building Details
Year Built/Renovated
1947/2021
Buildings
1
Stories
9
Unit(s) available at that property
Space
Sixth Floor
Size
52,320 SF
Rate per SF
$16
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Listing Contact
Sam Schifman
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HighLights
424,879 SF Class A office building with 52,320 SF of vacant space available for lease.
52,320 SF of contiguous space available, divisible to 1,000 SF.
Located in Downtown West, St. Louis, MO at 1831 Chestnut Street.
Building features 13‑foot ceilings, four high‑speed elevators, and 1200 parking spaces.
Recently renovated in 2021, offering modern amenities including a renovated cafeteria and tenant lounge with outdoor patio seating.
Office space - Downtown St. Louis: 52,320 SF Available
Where is this office space located?
The property is located at 1831 Chestnut St St St. Louis, MO.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 424,879 SF Class A office building with 52,320 SF of vacant space available for lease.; 52,320 SF of contiguous space available, divisible to 1,000 SF.; Located in Downtown West, St. Louis, MO at 1831 Chestnut Street.
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1831 Chestnut St St St. Louis, MO 63103
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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
1831 Chestnut St St St. Louis, MO 63103
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1831 Chestnut St St, St. Louis, MO
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1831 Chestnut St St, St. Louis, MO
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1831 Chestnut St St, St. Louis, MO
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