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    Property profile & analytics
    OFF-MARKET Estimated value $1,955,000
    Office Spaces

    616 Trade Ctr Blvd 2, Chesterfield, MO 63005-1227

    12,603 SF 0.28 ac lot Built 2001
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US48-0642493
    Property summary
    AI-generated overview

    This exceptional 12,255-square-foot office building, located at 616 Trade Center Blvd in Chesterfield, Missouri, presents a compelling investment opportunity. The single-story, 2001-constructed building sits on a single unit and is currently 100% occupied under a triple-net (NNN) lease, providing immediate cash flow. The property boasts approximately 92% office space, ideal for a variety of businesses, complemented by warehouse space featuring a dock door (with potential for expansion). The high ceilings (20 feet) offer ample storage and operational flexibility. Situated in the desirable Chesterfield Valley, this property enjoys convenient access to I-64, ensuring excellent accessibility for employees and clients. The building is zoned PID and is currently leased through July 31, 2029. A significant rent increase is projected due to built-in rent bumps tied to the Consumer Price Index (CPI), with a 24-month CPI adjustment scheduled for August 1, 2025. This presents a strong potential for future appreciation and return on investment. The asking price is $2,250,000, translating to $183.60 per square foot. This core investment property offers a rare combination of immediate income, long-term lease security, and significant upside potential. Don't miss this opportunity to acquire a high-quality asset in a prime Chesterfield location.

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Year built 2001
    Total area 12,603 SF
    Lot 0.28 ac (12,044 SF)
    Zoning code 105M3
    APN 17V-3-2-028-8
    UPID US48-0642493
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.95M
    CAP Approach CAP
    $2.53M
    Comparable Approach Comparable
    $1.99M
    Blend (final) Blend
    $1.96M
    Owner & transaction history
    Ashercre LLC · 2 yrs held
    Ashercre LLC
    since 2023
    Last sale
    $1.9M
    3 recorded transactions
    2023
    $1.9M
    2008
    $1.5M
    1969
    Zoning & alternative use
    105M3 · Chesterfield, MO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.9M +4.8%
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