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16962 Manchester Rd 7,000 SF 68% Leased Office Building Grover, MO 63040 $849,000 ($121.29/SF) 6.39% Cap Rate
Investment Highlights
- Window-lined offices and open areas provide abundant natural light and scenic views.
- Historic building with modern upgrades, including new ADA-compliant restrooms and flooring options.
- Prominent signage opportunity along Manchester Road for enhanced visibility.
Executive Summary
Surrounded by a walkable, community-oriented environment with nearby amenities including restaurants, entertainment, and daily services, this property offers more than just space—it offers a presence. With full-service lease terms, strong demographics, and a unique historic identity, 16962 Manchester Rd presents a rare opportunity for businesses looking to establish or expand in one of West County’s most sought-after markets.
Historic building.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$94,000
|
$13.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,500
|
$1.07
|
| Effective Gross Income |
$86,500
|
$12.36
|
| Taxes |
$16,800
|
$2.40
|
| Operating Expenses |
$15,600
|
$2.23
|
| Total Expenses |
$32,400
|
$4.63
|
| Net Operating Income |
$54,100
|
$7.73
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $94,000 |
| Annual Per SF | $13.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $1.07 |
| Effective Gross Income | |
|---|---|
| Annual | $86,500 |
| Annual Per SF | $12.36 |
| Taxes | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $2.40 |
| Operating Expenses | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $2.23 |
| Total Expenses | |
|---|---|
| Annual | $32,400 |
| Annual Per SF | $4.63 |
| Net Operating Income | |
|---|---|
| Annual | $54,100 |
| Annual Per SF | $7.73 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 2,200 SF
- $21.74
- Full Service
- -
NovaCare Rehabilitation is part of the Select Medical Outpatient Division, a nationally renowned and community-based provider of outpatient physical therapy and rehabilitation. NovaCare is committed to providing an exceptional patient care experience that promotes healing and recovery in a compassionate environment. At NovaCare Rehabilitation, they are devoted to improving function and quality of life for their patients. They are confident in the quality of the care they provide, and their patients validate this on a regular basis through their net promoter scores, online reviews and many positive and inspiring success stories. They measure their patients’ satisfaction with the care they provide, as well as their therapists’ knowledge, professionalism and courtesy, among many other key factors. In addition, they receive similar feedback from our patients regarding their front desk staff as they believe they play an integral role in the patient experience, too.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 2,200 SF | $21.74 | Full Service | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
-5 offices fully surrounded with windows in each office and lovely views of Wildwood. -Open area is lined with windows and a full modern kitchenette.-kitchenette. -Signage opportunity along Manchester Rd. on the building.-building. -2 newly constructed ADA bathrooms. -Solid 6 inch concrete floors throughout. (Landlord will provide new top flooring) -Located in historic area and was the 1st city town hall of Wildwood. -Walkable area and around this lovely building is the US Post Office, Good News Entertainment, The Porch Restaurant.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 2,230 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 2,230 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 2,230 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
-5 offices fully surrounded with windows in each office and lovely views of Wildwood. -Open area is lined with windows and a full modern kitchenette.-kitchenette. -Signage opportunity along Manchester Rd. on the building.-building. -2 newly constructed ADA bathrooms. -Solid 6 inch concrete floors throughout. (Landlord will provide new top flooring) -Located in historic area and was the 1st city town hall of Wildwood. -Walkable area and around this lovely building is the US Post Office, Good News Entertainment, The Porch Restaurant.
Property Taxes
| Parcel Number | 24V-51-0504 | Total Assessment | $184,990 (2025) |
| Land Assessment | $47,680 (2025) | Annual Taxes | $16,800 ($2.40/SF) |
| Improvements Assessment | $137,310 (2025) | Tax Year | 2026 |
Property Taxes
Presented by
MAP Real Estate Group LLC
16962 Manchester Rd
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