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    3165 Mckelvey Rd Bridgeton, MO 63044

    For Sale
    $3,495,000

    Prime Medical Office, High Occupancy

    Property size:
    51,067 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 51,067 square foot medical office building, located at 3165 McKelvey Rd, Bridgeton, MO 63044, presents a compelling investment opportunity. The Class B property, built in 1981, sits on a substantial 6.16-acre lot and boasts 265 parking spaces, ensuring ample convenience for patients and staff. Currently operating at 58% occupancy, this multi-tenant building offers significant potential for increased revenue. The building features an elevator for easy accessibility throughout its three floors. The asking price is $3,495,000, translating to $68.44 per square foot. This represents a strong value proposition considering the property's size, location, and existing tenant base. The gross lease structure simplifies management, while the substantial lot size allows for future expansion or redevelopment. The property's 2021 real estate tax assessment was $88,939.40. This is an ideal owner-user opportunity for a medical practice seeking to establish a permanent presence in a thriving community, with the added benefit of potential rental income from existing tenants. The building's masonry construction ensures durability and longevity. This property offers a rare combination of size, location, and potential, making it an attractive investment for discerning buyers.

    Property Features for 3165 Mckelvey Rd

    General Information

    Property type
    Medical offices
    Square Feet
    51,067 SF
    Class
    B
    Lot Size
    268,330 SF

    Building Details

    Year Built
    1981

    HighLights

    • 51,067 SF medical office building on a 6.16‑acre lot.
    • Approximately 58% occupied.
    • Elevator service.
    • 265 parking spaces.
    • Built in 1981.
    • 2021 real estate taxes: $88,939.40.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Bridgeton
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4388142
    Latitude
    38.7450795

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High Occupancy
    Where is this medical office located?
    The property is located at 3165 Mckelvey Rd Bridgeton, MO.
    What is the asking price?
    The asking price for this property is $3,495,000.
    What are key features of this property?
    This property features: 51,067 SF medical office building on a 6.16-acre lot.; Approximately 58% occupied.; Elevator service.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    3165 Mckelvey Rd Bridgeton, MO 63044
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