618 Cepi | 618 Cepi Dr
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618 Cepi 618 Cepi Dr
15,000 SF Vacant Office Building Chesterfield, MO 63005 $2,100,000 ($140/SF) 9.90% Cap Rate
Executive Summary
Excellent Opportunity - Chesterfield Valley - Investment or 50% User with in place NOI.
Owner User Investment Asset - 50% of Building available for Owner User, allowing for SBA lending options. Significate Cap Ex put into Property over the last 2 years. complete TI packages for 40% of the building with Modern Finishes and 12' Ceilings, LED Lighting and Kitchenettes. Leases are Full Service (less Janitorial), minimal capex needed on the property. New Roof (in process), 75+% HVAC's Replaced. New Monument Sign, Landscaping and concrete drive.
Entry Cap rate is 8-9%+ depending on owner user rental rate$20/sf+ - Rent increases in place with existing tenants.
Owner User Investment Asset - 50% of Building available for Owner User, allowing for SBA lending options. Significate Cap Ex put into Property over the last 2 years. complete TI packages for 40% of the building with Modern Finishes and 12' Ceilings, LED Lighting and Kitchenettes. Leases are Full Service (less Janitorial), minimal capex needed on the property. New Roof (in process), 75+% HVAC's Replaced. New Monument Sign, Landscaping and concrete drive.
Entry Cap rate is 8-9%+ depending on owner user rental rate$20/sf+ - Rent increases in place with existing tenants.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$283,876
|
$18.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$283,876
|
$18.93
|
| Taxes |
$35,878
|
$2.39
|
| Operating Expenses |
$39,964
|
$2.66
|
| Total Expenses |
$75,842
|
$5.06
|
| Net Operating Income |
$208,034
|
$13.87
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $283,876 |
| Annual Per SF | $18.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $283,876 |
| Annual Per SF | $18.93 |
| Taxes | |
|---|---|
| Annual | $35,878 |
| Annual Per SF | $2.39 |
| Operating Expenses | |
|---|---|
| Annual | $39,964 |
| Annual Per SF | $2.66 |
| Total Expenses | |
|---|---|
| Annual | $75,842 |
| Annual Per SF | $5.06 |
| Net Operating Income | |
|---|---|
| Annual | $208,034 |
| Annual Per SF | $13.87 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1988/2023
Price
$2,100,000
Price Per SF
$140
Cap Rate
9.90%
NOI
$207,840
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,000 SF
Building FAR
0.34
Lot Size
1.00 AC
Zoning
M3
Parking
58 Spaces (3.87 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Excellent Space - 5600sf of Office and 1900sf of warehouse.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A | 7,500 SF | Office | Full Build-Out | Now |
1st Fl-Ste A
| Size |
| 7,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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STREET
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1st Fl-Ste A
| Size | 7,500 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Excellent Space - 5600sf of Office and 1900sf of warehouse.
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PROPERTY TAXES
| Parcel Number | 17V-33-0111 | Total Assessment | $420,130 |
| Land Assessment | $125,440 | Annual Taxes | $35,878 ($2.39/SF) |
| Improvements Assessment | $294,690 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
17V-33-0111
Land Assessment
$125,440
Improvements Assessment
$294,690
Total Assessment
$420,130
Annual Taxes
$35,878 ($2.39/SF)
Tax Year
2023
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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618 Cepi | 618 Cepi Dr
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