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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17998 Chesterfield Airport Rd Chesterfield, MO 63005

    • Office buildings
    • 26,784 SF
    • 1.07 lot acres
    For Sale
    View listing
    $3,500,000
    Last Sale
    Jan 23, 2020
    $2,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0045636
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 17998 Chesterfield Airport Rd

    Year built
    2000
    Lot size
    1.07 lot acres
    Property size
    26,784 SF
    Zone code
    105M3
    Property type
    Office buildings
    APN
    17V-2-4-036-2
    APU
    17V240362

    Description

    This exceptional executive office space, located at 17998 Chesterfield Airport Road in Chesterfield, Missouri, offers a variety of suite sizes to accommodate diverse business needs. The property boasts a total of 25,924 square feet, with 7,539 square feet currently available for lease. This multi-tenant building is situated in St. Louis County, offering convenient access to major transportation routes and amenities. The available space ranges from 1,550 square feet to the full 7,539 square feet currently vacant, providing flexibility for businesses of all sizes. The property is classified as an executive office building, suggesting a high-quality finish and potentially desirable amenities. The address is conveniently located at 17998 Chesterfield Airport Road, Chesterfield, MO 63005. This presents a unique opportunity for businesses seeking a prestigious and functional office space in a thriving St. Louis County location. The property's location in Chesterfield offers easy access to a variety of businesses, restaurants, and other amenities, making it an attractive location for employees and clients alike. The available space is ideal for companies looking to establish a strong presence in the area. Interested parties should inquire about lease terms and availability. The property's size and location make it a highly desirable option for businesses seeking a professional and convenient workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,710,000
      ML approach
      $2,680,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,885,000
      Current use
      RETAIL STORES
      $4,070,000
      Change: +5% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,805,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $3,255,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.6342
    Latitude
    38.6688
    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
    $70,382
    $178,980
    $620,960
    $799,940
    -
    $559,300
    $1,940,500
    $2,499,800

    Comparable in this City

    • Value Estimation
      $5,505,000
      40,191 SF

      17988 Edison Ave

      OFFICE BUILDING • 40,191 SF
      17988 Edison Ave, Chesterfield, MO 63005-3700
      View Details
    • Value Estimation
      $1,190,000
      14,452 SF

      618 Cepi Dr

      OFFICE BUILDING • 14,452 SF
      618 Cepi Dr, Chesterfield, MO 63005-1305
      View Details
    • Value Estimation
      $730,000
      22,268 SF

      612 Spirit Dr

      OFFICE BUILDING • 22,268 SF
      612 Spirit Dr, Chesterfield, MO 63005-1259
      View Details
    • Value Estimation
      $1,640,000
      9,025 SF

      663 Trade Ctr Blvd

      OFFICE BUILDING • 9,025 SF
      663 Trade Ctr Blvd, Chesterfield, MO 63005-1247
      View Details
    • Value Estimation
      $1,295,000
      7,052 SF

      641 Cepi Dr

      OFFICE BUILDING • 7,052 SF
      641 Cepi Dr, Chesterfield, MO 63005-1221
      View Details
    • Value Estimation by Request
      1.49 Acres

      17536 Chesterfield Airport Rd

      OFFICE BUILDING • 1.49 Acres
      17536 Chesterfield Airport Rd, Chesterfield, MO 63005-1302
      View Details

    Similar Nearby for Sale

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      Chesterfield Valley Office Buildings For Sale

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      Chesterfield Office Space Available

      Office space for sale in Chesterfield, Missouri.
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      Two buildings with office and drive-in doors for sale.
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    Similar Nearby for Lease

    • $9,862,200
      32,823 SF

      Two-Building Office Portfolio For Rent

      Two-building office portfolio in Chesterfield Valley with high visibility.
      702-707 Park Dr, Chesterfield, MO 63005
      View Details
    • $23 SF/Yr
      20,806 SF

      Chesterfield Executive Office Space

      Prime Office Suite, 1955 sq ft Available
      1 Mcbride & Son Ctr Dr, Chesterfield, MO 63005
      View Details
    • $8 SF/Yr
      4,596 SF

      Chesterfield Office/Warehouse Suites For Rent

      Office/warehouse suites with ample parking near I-64/40.
      735-753 Goddard Ave, Chesterfield, MO 63005
      View Details
    • $16 SF/Yr
      21,927 SF

      Chesterfield Office Space for Lease

      Modern, flexible workspace in St. Louis County.
      100 Chesterfield Business Pkwy, Chesterfield, MO 63005
      View Details
    • $12 SF/Yr
      3,000 SF

      Chesterfield Office Flex Space

      Office flex space in Chesterfield near major transportation routes.
      213-221 Chesterfield Industrial Blvd, Chesterfield, MO 63005
      View Details
    • $30 SF/Yr
      6,445 SF

      Medical Office Space Available

      6,445 SF medical office space in Chesterfield, Missouri.
      17300 N Outer 40 Rd, Chesterfield, MO 63005
      View Details
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    17998 Chesterfield Airport Rd
    Chesterfield, MO 63005
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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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