2495-2499 Raymond Dr
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2495-2499 Raymond Dr
6,000 SF 66% Leased Office Building Saint Charles, MO 63301 $913,042 CAD ($152 CAD/SF) 7.34% Cap Rate
Investment Highlights
- 2,000 sf of office/retail is available NOW for an owner user and Lease the 4,000 sf to the State of Missouri. 2,000sf is available for Lease
- 4,000 sf has been Leased to the State of Missouri for a Drivers Testing facility since 1996!
- St. Charles License Office recently vacated the 2,000 sf after many years of occupancy (at $24.00/sf Modified Gross)
- 6,000 sf brick building available for sale and or Lease.
- Both of the 4,000 sf and the 2,000 sf units are all electric and have separate electric meters
Executive Summary
This two unit brick exterior building on Raymond Dr. in St. Charles offers a newer roof, quick and easy access to I-70 and Hwy 370.2495 Raymond Dr.: 4,000 sf of office space was built in 1985 is leased to the State of Missouri's for $9.32/sf Modified Gross, or $37290/Year. 2499 Raymond Dr.: 2,000 sf of office space was built in 2007 is AVAILABLE NOW to an owner user or Tenant at a Lease Rate of $18.00/sf Modified Gross. The Income and expenses shown herein were for Year Ending in 2023.Cap Rate is based on 2023 Expenses and at current asking Lease Rate of $18.00/sf Modified Gross.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,952
|
$19.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,952
|
$19.99
|
| Taxes |
$16,468
|
$2.74
|
| Operating Expenses |
$19,466
|
$3.24
|
| Total Expenses |
$35,934
|
$5.99
|
| Net Operating Income |
$84,018
|
$14.00
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,952 |
| Annual Per SF | $19.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,952 |
| Annual Per SF | $19.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,468 |
| Annual Per SF | $2.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,466 |
| Annual Per SF | $3.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,934 |
| Annual Per SF | $5.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $84,018 |
| Annual Per SF | $14.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1985
Price
$913,042 CAD
Price Per SF
$152 CAD
Cap Rate
7.34%
NOI
$67,062 CAD
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.16
Land Acres
0.87 AC
Zoning
Commercial - C-3 Zoning in St. Charles allows for variety of commercial uses. The State of Missouri's Drivers Testing facility draws many people to this location.
Parking
55 Spaces (9.17 Spaces per 1,000 SF Leased)
Amenities
- Dry Cleaner
- Signage
- Wheelchair Accessible
- Kitchen
- Reception
- Storage Space
- Central Heating
- Open-Plan
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- State of Missouri
- Administrative and Support Services
- 4,000 SF
- $13.09 CAD
- Modified Gross
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| State of Missouri | Administrative and Support Services | 4,000 SF | $13.09 CAD | Modified Gross | - |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 6-010D-3280-00-0012.0150000 | Total Assessment | $240,100 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $16,468 CAD ($2.74 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
6-010D-3280-00-0012.0150000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$240,100 CAD
Annual Taxes
$16,468 CAD ($2.74 CAD/SF)
Tax Year
2023
-
Scott Sacco -
KW Commercial
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2495-2499 Raymond Dr
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