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1500-1502 S Big Bend Blvd 11,000 SF 100% Leased Office Building Richmond Heights, MO 63117 $1,300,000 ($118.18/SF) 7.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong traffic counts
- Hard Corner
- Multiple Buildings
- Stabilized
- Redevelopment Opportunity
- Ample Parking
EXECUTIVE SUMMARY
Just a quarter mile south of Highway 40/64, this .58-acre parcel features two buildings totaling approximately 11,900 SF (7,900 SF and 4,000 SF) and offers 40 on-site parking spaces. Positioned on a hard northbound corner, the property presents a unique opportunity for owner-users, investors, or potential redevelopment. Currently a stabilized asset with leases in place through December 31, 2025. Seller financing is available, providing added flexibility for buyers.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$146,000
|
$13.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,000
|
$13.27
|
| Taxes |
$31,152
|
$2.83
|
| Operating Expenses |
$12,000
|
$1.09
|
| Total Expenses |
$43,152
|
$3.92
|
| Net Operating Income |
$102,848
|
$9.35
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $146,000 |
| Annual Per SF | $13.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $146,000 |
| Annual Per SF | $13.27 |
| Taxes | |
|---|---|
| Annual | $31,152 |
| Annual Per SF | $2.83 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $1.09 |
| Total Expenses | |
|---|---|
| Annual | $43,152 |
| Annual Per SF | $3.92 |
| Net Operating Income | |
|---|---|
| Annual | $102,848 |
| Annual Per SF | $9.35 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
11,000 SF
Building Class
C
Year Built/Renovated
1952/2022
Price
$1,300,000
Price Per SF
$118.18
Cap Rate
7.92%
NOI
$103,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,750 SF
Building FAR
0.44
Lot Size
0.58 AC
Zoning
C2, Richmond Heights
Parking
20 Spaces (1.82 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 20J-24-1765 | Total Assessment | $276,570 (2025) |
| Land Assessment | $64,670 (2025) | Annual Taxes | $31,152 ($2.83/SF) |
| Improvements Assessment | $211,900 (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
20J-24-1765
Land Assessment
$64,670 (2025)
Improvements Assessment
$211,900 (2025)
Total Assessment
$276,570 (2025)
Annual Taxes
$31,152 ($2.83/SF)
Tax Year
2022
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1500-1502 S Big Bend Blvd
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