917 Chesterfield Pkwy E Chesterfield, MO 63017
Property Lookup
Property profile & analytics
917 Chesterfield Pkwy E Chesterfield, MO 63017
- Drug stores
- 14,634 SF
- 2.08 lot acres
Property ID
US48-0780935
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.
Location Intelligence
Current Use by Public Records
- Drug stores
Property Details for 917 Chesterfield Pkwy E
- Year built
- 2003
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.08 lot acres
- Property size
- 14,634 SF
- Zone code
- 105PC
- Property type
- Drug stores
- APN
- 18S-2-4-047-6
- APU
- 18S240476
Description
This exceptional investment opportunity presents a fee-simple, 14,145-square-foot Walgreens located at 917 Chesterfield Parkway East in Chesterfield, Missouri. The property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $450,000. Situated on a 2.08-acre lot, this single-story, 2003-built building benefits from a long-term, absolute NNN lease with Walgreens (NYSE: WBA), providing zero landlord responsibilities. The lease, originally commenced on November 30, 2003, has a remaining term of approximately 3.3 years, with ten five-year renewal options. The corporate guarantee from Walgreens ensures financial stability. This prime location within Chesterfield Village, a thriving mixed-use district, offers exceptional visibility and accessibility, with over 9,253 vehicles passing daily. The property's proximity to I-64 (81,250 vehicles per day), a state-of-the-art Pfizer facility undergoing a $60 million expansion, and numerous medical centers further enhances its value. The affluent demographics, with average household incomes exceeding $174,000 within a 3-mile radius and a trade area population exceeding 113,000, contribute to the property's strong performance. The drive-thru pharmacy adds to its convenience and appeal. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a desirable location within the St. Louis MSA. The asking price is $5,806,451, representing a price per square foot of $410.49. The property's location offers significant upside potential due to its proximity to planned developments and existing commercial activity. The property is 100% occupied and offers significant depreciation benefits.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,280,000
- 6.5%
- $3,030,000
- 7%
- $2,810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,270,000
- AI Estimate
- $1,864,000
Market price range: $1.60M - $3.27MMarket price range: $525k - $1.86M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,300,000 Current use
- OFFICE BUILDING
- $2,180,000 Change: -5% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,080,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chesterfield
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.5535
- Latitude
- 38.6555
- 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
$96,652
$435,390
$521,120
$956,510
-
$1,360,600
$1,628,500
$2,989,100
