Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Building at Highway 40 Title is generated by Realmo AI

    12977 N Forty Dr, Creve Coeur, MO 63141

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Three-story office building with serviced spaces and excellent window lines.

    Type:Office
    Added:
    Mar 8, 2023
    Days on Market:
    1185
    Last Refresh:
    May 12 at 9:53 pm

    Property Features for 12977 N Forty Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 12977 N Forty Dr Contact us

    211 $20/Mo

    Size
    2,909 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Sharon Botkin

    Listing agent Sharon Botkin License #MO

    Listing office Scott Properties Commercial Real Estate

    Listing date Mar 8, 2023

    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 Scott Properties Commercial Real Estate

    HighLights

    • Convenient location at the intersection of Highway 40 and Mason.
    • Fully serviced office space.
    • Attractive three‑story building with excellent window lines.
    • Excellent window lines.
    • Vending services available.
    • Express mail service on‑site.

    Overview

    Chapel Hill II is a three-story office building situated at the intersection of Highway 40 and Mason. The property offers fully serviced office spaces and features excellent window lines. Vending and express mail service are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Creve Coeur
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4582
    Latitude
    38.6572

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MO, Creve Coeur – Edge at West

      12645 Olive Blvd, Creve Coeur, MO 63141
      View Details
    • $129-$4,596/Mo
      11-1,292 SF

      City Place

      2 Cityplace Dr, Unit 2ND, Creve Coeur, MO 63141
      View Details
    • $23 SF/Yr
      119,612 SF

      Class A Office Building

      Premier office space in Creve Coeur with modern amenities.
      12400 Olive Blvd, Creve Coeur, MO 63141
      View Details
    • $26 SF/Yr
      1,426 SF

      Office Space with Highway Visibility

      Office space for rent with excellent highway access.
      600 Emerson Rd, Creve Coeur, MO
      View Details
    • $20 SF/Yr
      2,100 SF

      Retail Space on Olive Boulevard

      Retail space available on Olive Blvd with high traffic.
      12344-12392 Olive Blvd, Creve Coeur, MO
      View Details
    • $17 SF/Yr
      5,561 SF

      Office Space for Sublease

      Office space available for sublease through June 2025.
      1215 Fern Ridge Pkwy, Creve Coeur, MO
      View Details
    • $18 SF/Yr
      761 SF

      Office Space in Creve Coeur

      Office space for lease with high visibility and ample parking.
      615-639 N New Ballas Rd, Creve Coeur, MO
      View Details
    • $30 SF/Yr
      7,188 SF

      Creve Coeur Office Space Available

      7,188 SF office space for lease in Creve Coeur.
      3 Cityplace Drive, Creve Coeur, MO, 63141
      View Details
    • $16 SF/Yr
      1,706 SF

      Restaurant and Office Space Available

      Former restaurant and office space for lease in Creve Coeur.
      12915-13029 Olive Blvd, Creve Coeur, MO
      View Details
    • $25 SF/Yr
      1,345 SF

      Medical Office Space Available

      Medical office space with private offices and exam rooms.
      11710 Old Ballas Rd, Creve Coeur, MO
      View Details
    • $21 SF/Yr
      723 SF

      Office Space Overlooking Golf Course

      Office and medical space with golf course views, near I-270.
      11475-11477 Olde Cabin Rd, Creve Coeur, MO
      View Details
    • $18 SF/Yr
      3,000 SF

      Renovated Office Space Available

      Recently renovated office space with building signage and on-site conferencing.
      Fern Ridge Pkwy 1227, Creve Coeur, MO
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with serviced spaces and excellent window lines.
    Where is this office building located?
    The property is located at 12977 N Forty Dr Creve Coeur, MO.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Convenient location at the intersection of Highway 40 and Mason.; Fully serviced office space.; Attractive three‑story building with excellent window lines.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sharon Botkin
    Real Estate License ID: MO
    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

    Thank You for Inquiry
    12977 N Forty Dr, Creve Coeur, MO 63141
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!