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    15 Worthington Access Dr Maryland Heights, MO 63043-3805
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    Property profile & analytics

    15 Worthington Access Dr, Maryland Heights, MO 63043-3805

    View on Map
    • Office buildings
    • 10,786 SF
    • 1.40 lot acres
    Off-Market
    Last Sale Mar 17, 2021
    $1,400,000
    Property ID
    US48-3317873
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,430,000
    Show details
    Cap Rate Potential
    9.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 15 Worthington Access Dr

    Year built
    1973
    Construction
    WOOD
    Lot size
    1.40 lot acres
    Zone code
    104M-1
    Property type
    Office buildings
    APN
    14O-3-1-056-0
    APU
    14O310560

    Description

    This exceptional 10,800-square-foot flex/warehouse building in Maryland Heights, Missouri, presents a unique owner-user opportunity. Located at 15 Worthington Access Drive, this property boasts a desirable blend of office and warehouse space, ideal for a variety of businesses. The asking price is $1,800,000, translating to $166.67 per square foot. The building features approximately 55 parking spaces, providing ample room for employees and visitors, exceeding a 4.5 space per 1,000 square foot ratio. The warehouse area offers a generous 11'1" clear ceiling height, rising to 12'10" to the deck, and includes one dock-high door. The office space is predominantly finished, and existing furniture may be included in the sale, offering immediate occupancy potential. Situated on a 1.4-acre lot, the property benefits from its convenient location, offering easy access to Interstate 270 and proximity to the amenities of the newly renovated Westport Plaza. This prime location provides excellent visibility and accessibility for employees and clients alike. The property is zoned for office and industrial use, making it suitable for a wide range of businesses. This is a rare opportunity to acquire a well-maintained, versatile property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,500,000
      ML approach
      $1,495,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,357,000
      Market price range: $911k - $2.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,530,000
      Current use
      AUTO REPAIR, GARAGE
      $1,535,000
      Change: +0% Conversion: Difficult
      MEDICAL BUILDING
      $1,310,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maryland Heights
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4452
    Latitude
    38.7044
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,243
    $117,090
    $153,630
    $270,720
    -
    $365,900
    $480,100
    $846,000

    Comparable in this City

    • Value Estimation
      $32,970,000
      148,507 SF

      13736 Riverport Dr

      OFFICE BUILDING (MULTI-STORY)
      13736 Riverport Dr, Maryland Heights, MO 63043-4802
      View Details
    • Value Estimation
      $1,235,000
      3,488 SF

      2070 Mckelvey Rd

      OFFICE BUILDING
      2070 Mckelvey Rd, Maryland Heights, MO 63043-2308
      View Details
    • Value Estimation
      $1,525,000
      12,174 SF

      62 Progress Pkwy

      OFFICE BUILDING
      62 Progress Pkwy, Maryland Heights, MO 63043-3706
      View Details
    • Value Estimation
      $710,000
      7,200 SF

      58 Progress Pkwy, Unit 2

      OFFICE BUILDING
      58 Progress Pkwy, Maryland Heights, MO 63043-3706
      View Details
    • Value Estimation by Request
      4,906 SF

      11144 Dorsett Rd

      OFFICE BUILDING
      11144 Dorsett Rd, Maryland Heights, MO 63043-3526
      View Details
    • Value Estimation
      $505,000
      4,950 SF

      11426 Dorsett Rd

      OFFICE BUILDING
      11426 Dorsett Rd, Maryland Heights, MO 63043-3414
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,906 SF

      Architecturally Interesting Office Building

      Office building with separate entrance, parking, and full finished basement.
      11144 Dorsett Rd, Maryland Heights, MO 63043
      View Details
    • Contact for pricing
      13,000 SF

      Office Building with Vacant Suite

      Office building with vacant suite available for lease.
      11472 Schenk Dr, Maryland Heights, MO 63043
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    • Contact for pricing
      11,400 SF

      Prime Westport Plaza Office Building

      11,400 SF office building in vibrant Westport Plaza.
      2300 W Port Plaza Dr, Saint Louis, MO 63043
      View Details
    • Contact for pricing

      Renovated Office Building For Lease

      Three-story office building with flexible floor plates and renovated interiors.
      13900 Riverport Dr, Maryland Heights, MO 63043
      View Details
    • Contact for pricing
      24,900 SF

      Maryland Heights Flex/Industrial Property

      24,900 SF flex/industrial property in Maryland Heights, Missouri.
      11436 Schenk Dr, Maryland Heights, MO 63043
      View Details
    • Contact for pricing
      4,135 SF

      Class A Office Space

      High-end office space with potential for customization.
      13640-13690 Riverport Dr, Maryland Heights, MO 63043
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Three-Story Office Building For Rent

      Prime office space in Maryland Heights with easy highway access.
      2458 Old Dorsett Rd, Maryland Heights, MO 63043
      View Details
    • Contact for pricing

      Adaptable Office Space in Riverport

      Premier commercial hub with ample parking and highway access.
      13801 Riverport Dr, Maryland Heights, MO 63043
      View Details
    • Contact for pricing
      4,891 SF

      Prime Office Space in Maryland Heights

      Three-story office building with easy highway access and ample amenities.
      2458 Old Dorsett Rd, Maryland Heights, MO 63043
      View Details
    • $16 SF/Yr
      80,681 SF

      Maryland Heights Office Space Available

      Office space available for lease in Maryland Heights, Missouri.
      Riverport Dr, Maryland Heights, MO 63043
      View Details
    • Contact for pricing

      Maryland Heights Office/Warehouse Space

      Office and warehouse bays available near I-270.
      342 Fee Fee Rd, Maryland Heights, MO 63043
      View Details
    • Contact for pricing
      1,920 SF

      Office/Warehouse Space on Dorsett Road

      1,920 SF office/warehouse with drive-in access and signage.
      11485 Dorsett Rd, Maryland Heights, MO 63043
      View Details
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    Maryland Heights, MO 63043-3805
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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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    15 Worthington Access Dr, Maryland Heights, MO, 63043
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