2893 Veterans Memorial Pkwy Saint Charles, MO 63303-3526
Property profile & analytics
2893 Veterans Memorial Pkwy Saint Charles, MO 63303-3526
- Medical Office Space
- 5,159 SF
- 1.19 lot acres
Property ID
US48-3163937
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 2893 Veterans Memorial Pkwy
- Year built
- 1993
- Lot size
- 1.19 lot acres
- Property size
- 5,159 SF
- Zone code
- AB2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 6-010D-6971-00-002C.0000000
- APU
- 6010D697100002C0000000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 5,159 square foot retail building in St. Charles, Missouri, situated within the St. Louis MSA. The property is currently 100% occupied by Consumer Cellular under a triple-net (NNN) lease with a corporate guarantee, offering significant passive income. The lease commenced July 23, 2023, and has a remaining term of 6.1 years, expiring January 1, 2031, with two 5-year renewal options. Rent increases of 10% are built in every five years. The property boasts a strong 6.50% cap rate and a net operating income (NOI) of $135,122. Built in 1993 and extensively renovated in 2023, the single-building property sits on a 1.19-acre lot and is strategically located as an outparcel to a shopping center anchored by Walmart Supercenter and Sam's Club, ensuring high visibility and traffic. The recent renovations included new windows, slab/foundation work, and a new unit heater. The property benefits from a roof warranty extending until 2028. Consumer Cellular, a rapidly growing national company with over four million subscribers, provides exceptional tenant stability. This prime location in the affluent St. Charles suburb, just 30 minutes from downtown St. Louis, offers a compelling investment opportunity with strong potential for long-term growth and returns. The average income within a 5-mile radius exceeds $100,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,530,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $940,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,292,000
- AI Estimate
- $1,292,000
Market price range: $505k - $1.29MMarket price range: $505k - $1.29M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,000,000 Current use
- RESTAURANT
- $1,965,000 Change: +96% Conversion: Difficult
- RETAIL STORES
- $990,000 Change: -1% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $895,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Charles
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.5252
- Latitude
- 38.7834
- 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
0
$0.00
$0.00
$0.00
$387,025
-
$626,175
$583,277
$1,209,452
