Watson Medical Plaza — Sale in St. Louis, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: St. Louis, MO 63109
  • Submarket: Mid County
  • Year built: 1966

Photos

Watson Medical Plaza — Sale in St. Louis, MO, photo 1 of 4
Watson Medical Plaza — Sale in St. Louis, MO, photo 2 of 4
Watson Medical Plaza — Sale in St. Louis, MO, photo 3 of 4
Watson Medical Plaza — Sale in St. Louis, MO, photo 4 of 4

Investment Figures

Cap rate
7.82%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Watson Medical Building located at 3915 Watson Rd located in St. Louis, Missouri ("Property"). The 3-level multi-tenant medical office building is approximately 32,621 gross square feet is situated on approximately 0.78 acres acres land encompassing two parcels. The Property was constructed in 1966 and expanded 1984. In 2021 the common areas were refurbished and in 2025 the first panel and elevators where upgraded. The Property is 72.2% occupied with 8 medical tenants (11 suites total) and vacant suites are second generation medical. 7.32% CAP on Current and 9.99% CAP on Proform. Mercy Health (S&P: A+ Credit Rating) occupying 22.4% recently renewed with a 5-year lease through 2031, and Missouri Foot & Ankle occupying 11.2% recently renewed with a 5-year lease through 1031. The current income combined with an average 3.2 years WALT provides an investor with positive cash flow and a value-add upside opportunity to extend return well beyond a proforma 10.04% CAP rate. The Property is situated 5.75-miles southeast of downtown St. Louis just north of Highway 366 ) Chippawa Rd. in the St. Louis Hills and the Linwood Park areas within walking distance to food, retail, banking, office and several commercial services. The Property is 3.75-miles from SSM Health St. Louis University Hospital a 365- bed tertiary-care, academic medical center and Level 1 Trauma Center. St. Louis, Missouri and its surrounding communities has a population of 379,908 within a 5-mile radius. The Property benefits from an average household income of $103,880 and a median home value of $798,936 within 1-mile radius. Investment Highlights: • 32,621 Square Feet Multi-Tenant Medical Office Building • 72.7% Occupied with Value-Add Upside - SAMPLE • 22.6% Occupied by Mercy Health (S&P: A+ Credit Rating) • 7.32% CAP Rate on Current Income | 9.99% CAP Rate Proforma Income • Very Low Price Per Square Footage | Below Replacement Cost • Located South Stl Loui

Market Context

This office in St. Louis, MO is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1966. Compare it against other office listings for sale in St. Louis, MO — view the full market.

As of Q2 2026, the St. Louis office market showed average asking rents near $21.59/SF/yr, and rents up 0.5% year over year. Source: multiple brokerage reports, Q2 2026.

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