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    OFF-MARKET Estimated value $6,420,000
    Medical Office Space

    641 New Ballas Rd, Saint Louis, MO 63141-6713

    9,454 SF 1.05 ac lot Built 1966
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US48-0917978
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL CLINIC
    Year built 1966
    Construction FRAME
    Total area 9,454 SF
    Lot 1.05 ac (45,738 SF)
    Zoning code 82CB
    APN 17O-3-3-111-1
    UPID US48-0917978
    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
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.72M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $6.42M
    Owner & transaction history
    Em Paak Properties LLC · 4 yrs held
    Em Paak Properties LLC
    since 2022
    Last sale
    $6.2M
    6 recorded transactions
    2022
    $6.2M
    2021
    2020
    2017
    $1.8M
    2006
    1969
    Zoning & alternative use
    82CB · Saint Louis, MO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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