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    The Largest CRE Database in the US with Over 1 Million Listings

    4655 Farlin Ave St Louis, MO 63115

    Sponsored
    For Sale
    $100,000

    Apartment Style,Bungalow,Craftsman,Historic,Traditional - 2-4 Units

    Property size:
    2,074 SF
    Lot size:
    0.07 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 9 at 5:06 pm

    Property Features for 4655 Farlin Ave St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Rooms
    Basement
    APN
    4406-02-0255-0
    Parking
    2
    Parking features
    Covered, Garage, Off Street, Side by Side
    Interior features
    Breakfast Room, Built-in Features, High Speed Internet, Historic Millwork, Natural Woodwork, Separate Dining, Shower, Special Millwork, Storage, Tub, Wired For Data, Workshop/Hobby Area
    Exterior features
    Level, Fencing, Balcony, Entry Steps/Stairs
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range, Range - Gas, Refrigerator
    Size
    2,074 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1939
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Julie Carter

    Worth Clark, Inc. (800) 991-6092

    Listing agent Julie Carter (314) 222-0065 License #2023023218

    Listing date Feb 9, 2026

    MLS# 26003544 Listing URL

    Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Income-Producing Property

    Located in the Penrose neighborhood, this property offers a versatile, income-producing opportunity with a zoning variance allowing a daycare for up to 18 children on the main level. The upper unit already has a tenant in place, providing immediate rental income. Situated on a quieter one-way street, the property includes a fenced-in yard and a garage accessed from the rear alley. The location provides close proximity to public transportation, including multiple bus routes. Outdoor and community amenities include Penrose Park, WC Handy Park, and Tink Bradley Playground, along with nearby community gardens. Fairground Park, with lakes, trails, and expansive open green space, is also nearby. The area benefits from quick access to I-70, I-55, and downtown St. Louis, placing major employment centers, hospitals, and educational institutions within easy reach. Neighborhood conveniences include local schools, community centers, churches, and everyday retail, with additional shopping and dining options a short drive away. The property size is 2074 square feet and the lot size is 0.0744 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    Similar Places Nearby

    Oasis Residential Care Facility, Kolors Learning Center LLC, I don’t have a business, Jamaica Showers Playcare Center LLC, Royalty Child Development Center

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.24088
    Latitude
    38.675961

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    FAQs

    What type of property is this?
    Day care center - Unique property with daycare variance and rental income potential.
    Where is this day care center located?
    The property is located at 4655 Farlin Ave St Louis, MO.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Rare zoning variance allows operation of a daycare for up to 18 children, offering income potential or business opportunity.; - Tenant in place in the upper unit provides immediate rental income, ideal for investors or house-hacking buyers.; - Fenced-in yard and garage offer secure outdoor space and convenient off-street parking.
    (314) 222-0065
    Request Owner's contact information
    4655 Farlin Ave St Louis, MO 63115
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    Louis, MO 63115
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4655 Farlin Ave St Louis, MO 63115
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    We can help!
    Listing Contact
    Julie Carter
    Real Estate License ID: 2023023218
    (314) 222-0065
    Learn more
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