251 Chesterfield Industrial BlvdChesterfield, MO 63005

Property Details for 251 Chesterfield Industrial Blvd

Year built

1995

Lot size

1.14 AC

Property size (Sq ft)

15,380 SF

Zone code

105M3

Property type

Retail space

APN

18U-4-3-013-6

APU

18U430136

Description

This exceptional 11,580-square-foot industrial property, located at 251 Chesterfield Industrial Blvd in Chesterfield, Missouri (zip code 63005), presents a unique investment opportunity. The property, situated on a 1.14-acre lot, features a single-story, Class B building constructed in 1983 and extensively renovated in 2018. The building boasts a highly efficient floor plan, incorporating both office and open warehouse space, ideal for a variety of uses. The warehouse area features 16-foot ceiling heights, two dock-high doors, and an additional van-high door plus a side door, facilitating efficient loading and unloading. Two loading docks are available. The property also includes a 30 x 35-foot room suitable for storage or product staging. Amenities include large restrooms with showers and ample parking for 35 vehicles, with additional parking available at the end of the cul-de-sac. The fully air-conditioned warehouse is zoned M3 and is currently vacant. The asking price is $1,563,000, representing a price per square foot of $134.97 and a price per unit of $781,500 (two units total). The property's proximity to major retail centers makes it an attractive location for various businesses, including potential service centers for truck fleets. The property's features and location make it a compelling investment opportunity. The APN is 18U430136. The lease type is NNN.

• CAP approach

  CAP return

  Valuation

  6%

  $5,681,599

  6.5%

  $5,244,553

  7%

  $4,869,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,021,542

  Geo Method

  $3,021,542

• Alternative Use

  Use

  Valuation

  Residential

  $4,423,976

  Hospitality

  $4,052,339

  Educational

  $3,371,498

  Medical

  $3,487,449

  Retail

  $5,244,553

Location Insight

City

Chesterfield

County

St. Louis

State

Missouri

Latitude

38.6607

Longitude

-90.6214

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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