Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6424 Chippewa St St St. Louis, MO 63109
    Back to Search
    Property profile & analytics

    6424 Chippewa St St St. Louis, MO 63109

    View on Map
    • Retail properties & Spaces
    • 1,167 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6424 Chippewa St St

    Year built
    2018
    Property size
    1,167 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 1,167 square foot commercial property, located at 6424 Chippewa Street in St. Louis, Missouri, 63109, presents a unique opportunity for businesses seeking a modern and efficient workspace. Built in 2018, the building offers a completely vacant space, ideal for immediate occupancy and customization to suit specific needs. The property is classified as both retail and office space, making it versatile for a range of businesses. The "Executive Office" subtype suggests a high-quality finish and potentially desirable amenities, though specifics are not provided. The entire 1,167 square feet is currently available for lease, offering a single, sizable unit for a larger tenant or the potential for subdivision (subject to landlord approval). The multiple tenancy designation indicates the building may have other occupants, suggesting a potentially vibrant and collaborative environment. Its location in St. Louis, Missouri provides access to a thriving business community and convenient transportation links. This property is an excellent choice for companies seeking a contemporary and readily available office space in a prime St. Louis location. Interested parties should inquire for lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Louis
    County
    State
    Missouri
    Longitude
    -90.2985
    Latitude
    38.5939

    Comparable in this City

    • Value Estimation by Request
      2,900 SF

      4615 Hampton Ave St

      Medical Office Space • 2,900 SF
      4615 Hampton Ave St, St. Louis, MO 63109
      View Details
    • Value Estimation by Request
      217,702 SF

      60 Hampton Vlg Plz St

      Restaurants • 217,702 SF
      60 Hampton Vlg Plz St, St. Louis, MO 63109
      View Details
    • Value Estimation by Request
      4,256 SF

      5400 Rhodes Ave St

      Office Units • 4,256 SF
      5400 Rhodes Ave St, St. Louis, MO 63109
      View Details
    • Value Estimation by Request
      2,900 SF

      4615 Hampton Ave St

      Individual retail properties • 2,900 SF
      4615 Hampton Ave St, St. Louis, MO 63109
      View Details
    • Value Estimation by Request
      2,220 SF

      5441 Hampton Ave St

      Individual retail properties • 2,220 SF
      5441 Hampton Ave St, St. Louis, MO 63109
      View Details
    • Value Estimation by Request
      4,500 SF

      6762 Chippewa St St

      Retail properties & Spaces • 4,500 SF
      6762 Chippewa St St, St. Louis, MO 63109
      View Details

    Similar Nearby for Sale

    • $625,000
      4,400 SF

      Freestanding Office Building on Hampton

      High-visibility office building with high-end finishes and flexible floor plan.
      4700 Hampton Ave St, Louis, MO 63109
      View Details
    • $674,900
      3,250 SF

      Renovated Four-Unit Building in St. Louis

      Fully renovated four-unit building in a prime St. Louis location.
      5345 Quincy St, Louis, MO 63109
      View Details
    • $299,900
      2,788 SF

      Northampton Four-Family Investment Opportunity

      Classic 4-unit building in the heart of Northampton.
      4916 Winona Ave St, Louis, MO 63109
      View Details
    • $625,000
      6,426 SF

      Southampton Multifamily Investment Opportunity

      Six-unit apartment building in desirable St. Louis neighborhood.
      4909 Lansdowne Ave St, Louis, MO 63109
      View Details
    • New
      $374,900
      3,200 SF

      South Hampton Four-Family Apartment Building

      Cash-flowing four-family apartment building in the South Hampton neighborhood.
      5247 Bancroft Ave St, Louis, MO 63109
      View Details
    • New
      $285,000
      2,424 SF

      Southampton Duplex with Architectural Charm

      Brick duplex in desirable Southampton neighborhood with newer systems.
      5027 Sutherland Ave St, Louis, MO 63109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Iconic St. Louis Shopping Center

      Retail, restaurant, and medical office spaces in South St. Louis.
      60 Hampton Vlg Plz St, Louis, MO 63109
      View Details
    • $18 SF/Yr
      1,900 SF

      Retail/Office Building on Hampton Avenue

      Freestanding 1,900 SF building on high-traffic Hampton Avenue.
      4601 Hampton Ave, Saint Louis, MO 63109
      View Details
    • Contact for pricing

      Hampton Village Plaza

      Turnkey Ready Medical / Wellness Clinic for Lease
      16 Hampton Village Plz UNIT 274, Saint Louis, MO 63109
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent on Chippewa Street.
      6651 Chippewa St St, Louis, MO 63109
      View Details
    • Contact for pricing
      4,250 SF

      Medical Office in High-Traffic Area

      Well-equipped medical office with high visibility and ample parking.
      5701 Chippewa St, Saint Louis, MO 63109
      View Details
    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.
    6424 Chippewa St St
    St. Louis, MO 63109
    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
    6424 Chippewa St St, St. Louis, MO, 63109
    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!