14368 Manchester RdManchester, MO 63011

Property Details for 14368 Manchester Rd

Year built

2005

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

4,386 SF

Zone code

94H

Property type

Office buildings

APN

23Q-4-3-162-9

APU

23Q431629

Description

This exceptional 4,800 square foot office building presents a unique investment opportunity in the thriving Ballwin, Missouri market. Located at 14368 Manchester Road, this six-unit property boasts an ideal location just off Manchester Road, providing convenient access to Highway 141. Currently 100% occupied, the building offers six individual units, each comprising 1,600 square feet, making it perfect for a variety of uses. The building is in excellent condition and is suitable for an owner-user seeking to occupy a portion of the space (ranging from 800 to 1,600 square feet) while generating rental income from the remaining units. This versatile property is classified as Executive Office, Medical Office, and Traditional Office space, catering to a broad range of potential tenants. The asking price is $749,000, translating to $156.04 per square foot. The property's 2023 property taxes totaled $12,754.33. This is a remarkable opportunity to acquire a well-maintained, fully occupied commercial property in a high-demand location. The building's net rentable area is 4,800 square feet, offering significant potential for return on investment. Please note that the operating businesses should not be disturbed. The property is situated in St. Louis County, Missouri, with a zip code of 63011.

• CAP approach

  CAP return

  Valuation

  6%

  $1,002,546

  6.5%

  $925,427

  7%

  $859,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $341,933

  Geo Method

  $341,933

• Alternative Use

  Use

  Valuation

  Residential

  $1,147,530

  Hospitality

  $1,051,131

  Educational

  $874,529

  Medical

  $904,605

  Retail

  $1,360,378

Location Insight

City

Manchester

County

St. Louis

State

Missouri

Latitude

38.5925

Longitude

-90.5141

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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