12609 Olive BlvdCreve Coeur, MO 63141

Property Details for 12609 Olive Blvd

Year built

1987

Lot size

4.16 AC

Property size (Sq ft)

26,180 SF

Zone code

82CB

Property type

Retail properties

Property subtype

Retail space

APN

16O-1-1-025-2

APU

16O110252

Description

This thriving retail center, located at 12609 Olive Blvd in Creve Coeur, Missouri (zip code 63141), offers 39,528 square feet of fully occupied space across multiple tenancies. The property sits on a 4.16-acre lot and boasts ample parking with 201 spaces available for customers and employees. The diverse tenant mix includes fitness, café, medical, and bakery establishments, catering to a wide range of consumer needs. The building is zoned CB and its APN is 16O-11-0252. Its convenient location in the West St. Louis County submarket, near the cross street of Heritage Place, ensures high visibility and accessibility. This property presents a strong investment opportunity in a densely populated and thriving commercial area. The building's current occupancy rate is 100%, indicating a stable and successful operation. The property's strategic location within the West County submarket of West St. Louis County makes it an attractive option for investors seeking a well-established retail center with a proven track record. This is a rare opportunity to acquire a fully leased, high-performing retail property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,296,226

  6.5%

  $9,504,209

  7%

  $8,825,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,143,302

  Geo Method

  $5,143,302

• Alternative Use

  Use

  Valuation

  Residential

  $8,017,156

  Hospitality

  $7,343,672

  Educational

  $6,109,848

  Medical

  $6,319,976

  Retail

  $9,504,209

Location Insight

City

Saint Louis

County

St. Louis

State

Missouri

Latitude

38.6779

Longitude

-90.4651

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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