Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1842-1856 Craig Park Ct St St. Louis, MO 63146
    Back to Search
    Property profile & analytics

    1842-1856 Craig Park Ct St St. Louis, MO 63146

    View on Map
    • Warehouses
    • 73,774 SF
    • 2.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1842-1856 Craig Park Ct St

    Year built
    1980
    Lot size
    2.45 lot acres
    Property size
    73,774 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional investment opportunity comprises two fully leased industrial properties totaling 73,774 square feet in high-demand St. Louis submarkets. The portfolio includes the Craig Park Tech Center (42,124 sq ft, 40% office/60% warehouse, built 1986, 2.45 acres, G zoning, 15' ceiling height, 6 loading docks, 3 drive-ins, 3.3 parking spaces per 1,000 sq ft) and the Dielman Tech Center (31,650 sq ft, 51% office, built 1980, 3.19 acres, M3 zoning, 14' ceiling height, 6 loading docks, 5 drive-ins, 3 parking spaces per 1,000 sq ft). Both properties boast excellent highway access to I-270, Hwy 364, and Innerbelt 170, placing them within easy reach of major transportation arteries and Lambert International Airport. The buildings feature masonry construction and offer triple-net lease structures with staggered lease expirations, ensuring a stable income stream. Current occupancy is 100%, providing immediate cash flow with upside potential for rental rate increases as leases renew. The portfolio benefits from a strong tenant base, including a major user with a lease expiring in 2026. This presents a rare chance to acquire a well-positioned, high-performing asset in a thriving St. Louis market with low vacancy rates. The properties are located at 1842-1856 Craig Park Court, St. Louis, MO 63146 and 9355-9375 Dielman Industrial Drive, Olivette, MO 63132. The combined Net Operating Income (NOI) is $643,795.

    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
    St. Louis
    State
    Missouri
    Longitude
    -90.4418
    Latitude
    38.6939

    Comparable in this City

    • Value Estimation by Request
      43,400 SF

      2326 Grissom Dr St

      Distribution properties • 43,400 SF
      2326 Grissom Dr St, St. Louis, MO 63146
      View Details
    • Value Estimation by Request
      64,700 SF

      2053-2079 Congressional Dr St

      Distribution properties • 64,700 SF
      2053-2079 Congressional Dr St, St. Louis, MO 63146
      View Details
    • Value Estimation by Request
      42,210 SF

      1842-1866 Craig Park Ct St

      Distribution properties • 42,210 SF
      1842-1866 Craig Park Ct St, St. Louis, MO 63146
      View Details
    • Value Estimation by Request
      35,858 SF

      2344 Grissom Dr St

      Distribution properties • 35,858 SF
      2344 Grissom Dr St, St. Louis, MO 63146
      View Details
    • Value Estimation by Request
      26,674 SF

      3401-3421 Hollenberg Dr

      Distribution properties • 26,674 SF
      3401-3421 Hollenberg Dr, Bridgeton, MO MO 63146
      View Details
    • Value Estimation by Request

      11862 Lackland Rd St

      Automotive properties
      11862 Lackland Rd St, St. Louis, MO 63146
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,150 SF

      Westport Distribution Building For Sale

      41,150 SF distribution building in Westport, fully leased.
      2360 Chaffee Dr St, Louis, MO 63146
      View Details
    • $2,800,000
      20,500 SF

      Saint Louis Warehouse Space Available

      20,500 SF warehouse space with office in Saint Louis.
      1900-1940 Craigshire Rd, Saint Louis, MO 63146
      View Details
    • Contact for pricing
      87,700 SF

      Westport Area Industrial Warehouse

      87,700 SF industrial warehouse with convenient highway access.
      2303 Schuetz Rd, Maryland Heights, MO 63146
      View Details
    • $4,204,920
      35,041 SF

      Maryland Heights Industrial Space Available

      25,566 SF industrial space with cranes and ample parking.
      11640 Adie Rd, Maryland Heights, MO 63146
      View Details
    • Contact for pricing
      94,000 SF

      Westport Plaza Office Opportunity

      Office building for sale in vibrant Westport Plaza district.
      11720 Borman Dr St, Louis, MO 63146
      View Details
    • Contact for pricing
      40,000 SF

      Westport Office Building For Sale

      40,000 SF office building in a convenient Westport location.
      11789 Borman Dr St, Louis, MO 63146
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      369,534 SF

      Maryland Heights Industrial Space

      369,534 SF industrial space divisible to 100,000 SF.
      Sport Prt Rd & Maryland Hts Expy, Maryland Heights, MO 63146
      View Details
    • Contact for pricing
      35,858 SF

      Westport Area Warehouse Space

      Industrial warehouse space available in Westport area starting 9/1/2025.
      2344 Grissom Dr St, Louis, MO 63146
      View Details
    • $5 SF/Yr
      13,918 SF

      Warehouse with High Clearance

      114,370 SF warehouse space with racking and dock doors.
      11418-11446 Moog Dr St, Louis, MO 63146
      View Details
    • Contact for pricing
      142,090 SF

      Industrial Park Distribution Center

      1,375,000 SF industrial park for distribution companies.
      15711 River Valley Dr, Maryland Heights, MO 63146
      View Details
    • Contact for pricing
      142,090 SF

      Industrial Park Distribution Center

      142,090 SF industrial space designed for distribution companies.
      15727 Westport Commerce Dr, Maryland Heights, MO 63146
      View Details
    • Contact for pricing
      100,080 SF

      Industrial Park Under Development

      30-acre industrial park with 380,000 SF available for lease.
      14009 Creve Coeur Airport Rd St, Louis, MO 63146
      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.
    1842-1856 Craig Park Ct St
    St. Louis, MO 63146
    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
    1842-1856 Craig Park Ct St, St. Louis, MO, 63146
    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!