6854 Parker RdFlorissant, MO 63033

Property Details for 6854 Parker Rd

Year built

2010

Lot size

2.87 AC

Property size (Sq ft)

9,600 SF

Zone code

R3

Property type

Medical offices

Property subtype

Medical centers

APN

08F-6-1-053-5

APU

08F610535

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,568,398

  6.5%

  $2,370,829

  7%

  $2,201,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,416

  Geo Method

  $748,416

• Alternative Use

  Use

  Valuation

  Residential

  $2,939,828

  Hospitality

  $2,692,867

  Educational

  $2,240,434

  Medical

  $2,317,485

  Retail

  $3,485,119

Location Insight

City

Florissant

County

St. Louis

State

Missouri

Latitude

38.7955

Longitude

-90.2343

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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