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1500-1502 S Big Bend Blvd 11,000 SF 68% Leased Office Building Richmond Heights, MO 63117 $1,847,599 CAD ($167.96 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$207,500
|
$18.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$207,500
|
$18.86
|
| Taxes |
$44,274
|
$4.02
|
| Operating Expenses |
$17,055
|
$1.55
|
| Total Expenses |
$61,329
|
$5.58
|
| Net Operating Income |
$146,171
|
$13.29
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $207,500 |
| Annual Per SF | $18.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $207,500 |
| Annual Per SF | $18.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $44,274 |
| Annual Per SF | $4.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,055 |
| Annual Per SF | $1.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,329 |
| Annual Per SF | $5.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $146,171 |
| Annual Per SF | $13.29 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
11,000 SF
Building Class
C
Year Built/Renovated
1952/2022
Price
$1,847,599 CAD
Price Per SF
$167.96 CAD
Cap Rate
7.92%
NOI
$146,387 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,950 SF
Building FAR
0.44
Lot Size
0.58 AC
Zoning
C2, Richmond Heights
Parking
20 Spaces (2.53 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Floor
- 3,500 SF
- Office
- Spec Suite
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 3,500 SF | Office | Spec Suite | Now |
2nd Floor
| Size |
| 3,500 SF |
| Space Use |
| Office |
| Build-Out |
| Spec Suite |
| Available |
| Now |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 20J-24-1765 | Total Assessment | $393,070 CAD (2025) |
| Land Assessment | $91,911 CAD (2025) | Annual Taxes | $44,274 CAD ($4.02 CAD/SF) |
| Improvements Assessment | $301,159 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
20J-24-1765
Land Assessment
$91,911 CAD (2025)
Improvements Assessment
$301,159 CAD (2025)
Total Assessment
$393,070 CAD (2025)
Annual Taxes
$44,274 CAD ($4.02 CAD/SF)
Tax Year
2022
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1500-1502 S Big Bend Blvd
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