Property profile

641 New Ballas Rd Saint Louis, MO 63141

OFF-MARKET
Medical Office Space
Property ID
US48-0917978
9,454 SF 1.05 ac lot Built 1966
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Pediatrician
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

641 New Ballas Rd Saint Louis, MO 63141-6713
Saint Louis metro Census 215201 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.50M

Owner & transaction history

since 2022
Last sale
$6.2M
6 recorded transactions
2022
$6.2M
2021
Price N/A
2020
Price N/A
2017
$1.8M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

82CB · Saint Louis, MO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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