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1500-1502 S Big Bend Blvd 11,000 SF 68% Leased Office Building Richmond Heights, MO 63117 $1,810,341 CAD ($164.58 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 |
$203,315
|
$18.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$203,315
|
$18.48
|
| Taxes |
$43,381
|
$3.94
|
| Operating Expenses |
$16,711
|
$1.52
|
| Total Expenses |
$60,092
|
$5.46
|
| Net Operating Income |
$143,223
|
$13.02
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $203,315 |
| Annual Per SF | $18.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $203,315 |
| Annual Per SF | $18.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $43,381 |
| Annual Per SF | $3.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,711 |
| Annual Per SF | $1.52 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,092 |
| Annual Per SF | $5.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $143,223 |
| Annual Per SF | $13.02 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
11,000 SF
Building Class
C
Year Built/Renovated
1952/2022
Price
$1,810,341 CAD
Price Per SF
$164.58 CAD
Cap Rate
7.92%
NOI
$143,435 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 | $385,143 CAD (2025) |
| Land Assessment | $90,058 CAD (2025) | Annual Taxes | $43,381 CAD ($3.94 CAD/SF) |
| Improvements Assessment | $295,086 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
20J-24-1765
Land Assessment
$90,058 CAD (2025)
Improvements Assessment
$295,086 CAD (2025)
Total Assessment
$385,143 CAD (2025)
Annual Taxes
$43,381 CAD ($3.94 CAD/SF)
Tax Year
2022
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1500-1502 S Big Bend Blvd
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