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    Phoenix Pkwy & Technology Dr O'Fallon, MO 63368
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    Phoenix Pkwy & Technology Dr O'Fallon, MO 63368

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    • Land
    • 1.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Phoenix Pkwy & Technology Dr

    Lot size
    1.70 lot acres
    Property type
    Land

    Description

    This exceptional 1.7-acre commercial land parcel presents a unique investment opportunity in the thriving O'Fallon, Missouri market. Located at the highly visible intersection of Phoenix Parkway and Technology Drive in St. Charles County (zip code 63368), this property boasts unparalleled exposure to a substantial daily traffic volume. With an asking price of $196,020 ($4.50/sq ft land value), this corner lot offers exceptional potential for a variety of commercial developments. The site benefits from easy access to Interstate 64/Highway 40 via Winghaven Boulevard, ensuring convenient connectivity for businesses and their clientele. The strategic location provides excellent visibility to an estimated 52,000 vehicles daily traveling on Interstate 64/Highway 40, maximizing brand awareness and attracting potential customers. Furthermore, the property's proximity to a range of dining, hospitality, and retail services enhances its appeal and provides added convenience for future occupants and visitors. This prime commercial land is ready for development and represents a compelling investment opportunity in a rapidly growing area. Don't miss this chance to secure a prominent location in a vibrant and accessible commercial corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    O'Fallon
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.7448
    Latitude
    38.7403

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    Similar Nearby for Sale

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      Winghaven Boulevard Land For Sale

      1.09 acre land parcel available on Winghaven Boulevard.
      3002 Winghaven Blvd, O Fallon, MO 63368
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      Land For Sale

      Land available for sale.
      N Dardenne Prairie Dr, O Fallon, MO 63368
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      Land at I-64 Interchange

      Land for sale at I-64 and Hwy 364 Interchange.
      Technology Dr, Lake St Louis, MO 63368
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      Land For Sale

      Land available for sale.
      4249 Keaton Crossing Blvd, O Fallon, MO 63368
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      Land For Sale

      1.12 acre land available for purchase.
      2708 Technology Dr, Dardenne Prairie, MO 63368
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      Land Available in O'Fallon, MO

      Land for sale at 510 Old US Hwy 40, O'Fallon, MO.
      510 Old Us Highway 40, O Fallon, MO 63368
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    Similar Nearby for Lease

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      Land Available For Lease

      Land available for lease in O'Fallon, Missouri.
      Waterbury Falls Dr, O Fallon, MO 63368
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      Corner Lot in Winghaven

      Corner lot suitable for retail, office, bank, or restaurant.
      7730 Winghaven Blvd, O Fallon, MO 63368
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      Land Parcel Near I-64

      Land with easy access, utilities, and division option.
      8100 Phoenix Pkwy, Lake St Louis, MO 63368
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      Land Available Near I-64

      Commercial land available for ground lease or build-to-suit.
      Caledonia Dr, O Fallon, MO 63368
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      Dardenne Prairie Commercial Land Opportunity

      Commercial land development opportunity in Dardenne Prairie, Missouri.
      2570 Technology Dr, Dardenne Prairie, MO 63368
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      Retail Space on 1 Acre

      Single tenant retail space available for rent on 1 acre.
      100 Crossroads Plz, O Fallon, MO 63368
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    O'Fallon, MO 63368
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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
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