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Property profile & analytics
FOR LEASE
Medical Office Space

6854 Parker Rd Florissant, MO 63033

9,600 SF 2.87 ac lot Built 2010
Entity Owned 10-yr Hold Free & Clear
Property ID
US48-0974194
6854 Parker Rd, Florissant, MO 63033 For Lease
$1,280,000
6854 Parker Rd, Florissant, MO 63033
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Property summary
AI-generated overview

This exceptional investment opportunity presents a 9,360-square-foot free-standing Department of Veterans Affairs Outpatient Clinic located at 6854 Parker Rd, Florissant, MO 63033. The property boasts a 100% occupancy rate with a remaining lease term of one year under a triple-net (NNN) lease structure. Built in 2010 as a build-to-suit, the clinic benefits from significant recent improvements funded by the VA over the past 13 years. The property enjoys an excellent location in strong North St. Louis County, with easy regional access via Highway 367 and Interstate 270. The current cap rate stands at 10.00%. This single-tenant medical office building presents a compelling investment opportunity with potential for future expansion or extension, given the VA's history of investment in the facility and its strategic location. The property is classified as retail, with a medical subtype. The building's size and location make it an attractive asset for investors seeking stable income and potential for long-term growth in a thriving market. The property's strong tenant and prime location contribute to its high occupancy and attractive financial metrics.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 2010
Total area 9,600 SF
Lot 2.87 ac (125,191 SF)
Zoning code R3
APN 08F-6-1-053-5
UPID US48-0974194
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
  • St. Louis County VA Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.71M
Comparable Approach Comparable
$985k
Blend (final) Blend
$1.28M
Owner & transaction history
Select-mayfair Plaza LLC · 10 yrs held
Select-mayfair Plaza LLC
since 2016
5 recorded transactions
2016
$6.8M
2013
$6.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R3 · Florissant, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.8M +58.0%
Office building $1.4M +16.7%
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More about this property
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