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16962 Manchester Rd 7,000 SF 71% 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
- JB Wellness
- Accommodation and Food Services
- 2,056 SF
- $23.00
- Full Service
- Dec 2027
-
- Health Care and Social Assistance
- 2,200 SF
- $21.74
- Full Service
- -
NovaCare Rehabilitation began as part of Select Medical's outpatient rehabilitation expansion and became part of Select Medical after a purchase of NovaCare Physical Rehabilitation and Occupational Health in 1976. The company provides physical therapy, hand therapy, occupational therapy, sports medicine, workplace injury treatment and prevention, and specialized rehabilitation services for patients recovering from injuries and other conditions. NovaCare Rehabilitation operates within Select Medical's outpatient division and serves patients through a broad network of outpatient centers focused on healing, functional recovery, and return to daily activities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| JB Wellness | Accommodation and Food Services | 2,056 SF | $23.00 | Full Service | Dec 2027 | |
|
|
Health Care and Social Assistance | 2,200 SF | $21.74 | Full Service | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 2,056 SF
- Retail
- -
- 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.
- 2nd Floor
- 2,160 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,056 SF | Retail | - | Now |
| 2nd Floor | 2,230 SF | Office | Full Build-Out | Now |
| 2nd Floor | 2,160 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 2,056 SF |
| Space Use |
| Retail |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 2,230 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 2,160 SF |
| Space Use |
| Office/Retail |
| 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
Contact the Sale Advisor
16962 Manchester Rd