Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    641 New Ballas Rd Saint Louis, MO 63141-6713

    • Medical offices
    • 9,454 SF
    • 1.05 lot acres
    OFF-MARKET
    Last Sale
    Mar 07, 2022
    $6,225,000
    Value Estimations
    $6,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0917978
    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

    • Katherine E. Harvath, DPT / Physician
    • Jean M Yemm / Physician
    • Dr. Gretchen A. Meyer, MD / Pediatrician
    • Gregory R. Robinson, PHD / Physician / Medical Clinic
    • Modern Vascular / Physician / Medical Clinic

    Property Details for 641 New Ballas Rd

    Year built
    1966
    Construction
    FRAME
    Lot size
    1.05 lot acres
    Property size
    9,454 SF
    Zone code
    82CB
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    17O-3-3-111-1
    APU
    17O331111

    Description

    This exceptional 9,454-square-foot Class A medical office building is available for lease. Situated on a 1.05-acre lot, the property boasts a prime location, just 2.2 miles from Mercy Hospital St. Louis and 2.5 miles from Missouri Baptist Medical Center. Convenient access to Olive Boulevard and Highway 270 ensures easy patient and staff access. Built in 1966 and fully renovated in 2021, this single-tenant building features a modern interior with updated HVAC and roof. The spacious layout includes seven private exam rooms with sinks, three private offices, a large waiting/receptionist area, two surgical rooms, and a dedicated pre/post-op area. Ample parking is provided with 52 spaces. The reduced lease rate makes this an exceptional opportunity for medical practices seeking a well-equipped, conveniently located facility. This turnkey solution offers immediate occupancy and the benefit of a recent, comprehensive renovation. The property's size and amenities are ideal for a variety of medical specialties. Don't miss this chance to secure a premier medical office space in a thriving healthcare market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,500,000
      ML approach
      $6,720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4439
    Latitude
    38.6674
    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
    $57,307
    $146,370
    $397,310
    $543,680
    -
    $457,400
    $1,241,600
    $1,699,000

    Comparable in this City

    • Value Estimation by Request
      1,968 SF

      10842 Olive Blvd

      MEDICAL CLINIC • 1,968 SF
      10842 Olive Blvd, Saint Louis, MO 63141-7753
      View Details
    • Value Estimation by Request
      2,020 SF

      10800 Olive Blvd

      MEDICAL CLINIC • 2,020 SF
      10800 Olive Blvd, Saint Louis, MO 63141-7773
      View Details
    • Value Estimation by Request
      3,748 SF

      10511 Old Olive St Rd

      MEDICAL CLINIC • 3,748 SF
      10511 Old Olive St Rd, Saint Louis, MO 63141-5925
      View Details
    • Value Estimation
      $505,000
      3.52 Acres

      621 New Ballas Rd Ste 310a

      MEDICAL CLINIC • 3.52 Acres
      621 New Ballas Rd Ste 310a, Saint Louis, MO 63141-8258
      View Details
    • Value Estimation
      $1,265,000
      15,333 SF

      11605 Studt Ave Ste, Unit 114

      MEDICAL CLINIC • 15,333 SF
      11605 Studt Ave Ste, Saint Louis, MO 63141-7052
      View Details
    • Value Estimation
      $885,000
      8,349 SF

      11630 Studt Ave

      MEDICAL CLINIC • 8,349 SF
      11630 Studt Ave, Saint Louis, MO 63141-7392
      View Details

    Similar Nearby for Sale

    • $2,200,000
      17,820 SF

      Creve Coeur Commercial Property

      Two-story building on N. Lindbergh Blvd in St. Louis.
      295 N Lindbergh Blvd St, Louis, MO 63141
      View Details
    • $239,000
      1,409 SF

      Executive Office Suite, St. Louis

      Prime St. Louis Office, 1409 sq ft, $239k
      11 The Pne Ct #A St, St. Louis, MO 63141
      View Details
    • Contact for pricing
      126,146 SF

      Prime St. Louis Executive Office Space

      Class A Office, 67,574 SF Available
      12312 Olive Blvd St, St. Louis, MO 63141
      View Details
    • $6,300,000
      63,030 SF

      Creve Coeur Former HQ Property

      High-end office building with divisible floorplates and ample parking.
      9990 Old Olive Street Rd, Saint Louis, MO 63141
      View Details
    • $449,000
      3,800 SF

      Executive Suites, St. Louis, MO

      Prime Office Space - 3,800 SF, $449K
      9 The Pne Ct St, St. Louis, MO 63141
      View Details
    • $2,200,000
      13,680 SF

      Creve Coeur Commercial Property

      Two-story, 13,680 SF building on 1.42 Acres for sale.
      295 N Lindbergh Blvd, Saint Louis, MO 63141
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      11,355 SF

      Creve Coeur Executive Office Space

      Class A Office, 11,355 SF Available
      844 New Ballas Ct, Creve Coeur, MO 63141
      View Details
    • $21 SF/Yr
      28,652 SF

      St. Louis Medical Office Space

      Prime Creve Coeur location, efficient layout.
      443 New Ballas Rd St, St. Louis, MO 63141
      View Details
    • $23 SF/Yr
      55,922 SF

      Creve Coeur Medical Office Building

      Prime Medical Office Space Available
      522 New Ballas Rd, Creve Coeur, MO 63141
      View Details
    • $29 SF/Yr
      82,000 SF

      CityPlace Medical Office Suites

      Class A Medical Office Space in Creve Coeur, MO
      845 New Ballas Ct, Creve Coeur, MO 63141
      View Details
    • $9 SF/Yr
      6,459 SF

      Creve Coeur Office Space for Lease

      Flexible Office Solutions in St. Louis County
      12645 Olive Blvd, Creve Coeur, MO 63141
      View Details
    • Contact for pricing
      60,452 SF

      Brentwood Plaza Medical Office Space

      St. Louis County medical office suites available.
      8800 Manchester Rd St, St. Louis, MO 63141
      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.
    641 New Ballas Rd
    Saint Louis, MO 63141-6713
    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

    Google sign-in failed. Please try again or use another login method.