Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    28-Unit Apartment Building Opportunity Title is generated by Realmo AI

    1000 Wild Cherry Lane, University City, MO 63130

    View on Map
    Claim this Listing
    New
    For Sale
    $3,400,000

    5 Family or More, Apartment Style - University City, MO

    Property size:
    34,300 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $99/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 1000 Wild Cherry Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    17K-34-0014
    Size
    34,300 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5810

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Gas (Cooling)

    Building Details

    Year built
    1959
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    We can help!

    Listing Contact
    James Anderson
    James Anderson

    Listing agent James Anderson License #2019046652

    Listing office Salient Realty Group, LLC 1000 S. Newstead Ave Ste 2, St. Louis, MO

    Listing date Jun 2, 2026

    MLS# 26034791 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 28‑unit multifamily property at 1000 Wild Cherry Lane in University City
    • Unit mix features spacious 3‑bedroom, 2‑bathroom apartments
    • Brick and brick veneer construction; year built 1959
    • Heating includes forced air with natural gas
    • Cooling includes central air and gas (cooling)
    • Recent $600,000 price reduction

    Overview

    1000 Wild Cherry Lane is a 28-unit apartment-style multifamily property offering a unit mix of spacious three-bedroom, two-bathroom layouts. The asset provides substantial on-site scale for investors seeking long-term residential income, with large floor plans designed to appeal to families and long-term residents.

    Located in University City, the property is positioned near ongoing redevelopment and investment along the Olive Boulevard corridor. It is also described as being just minutes from University City High School, major employers, retail centers, restaurants, and transportation routes, supporting convenient everyday access for residents.

    For buyers evaluating multifamily opportunities, this offering is presented as a compelling investment due to its size, consistent rental demand, and the ability to drive operational growth in a revitalizing submarket. The property’s supply-constrained profile and current basis are highlighted as factors that may support upside as the area continues to benefit from redevelopment and new development. Ideal for investors looking for a larger apartment-style asset with a family-oriented tenant appeal, 1000 Wild Cherry Lane offers a focused platform for long-term management and potential value creation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    University City
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.337009
    Latitude
    38.66602

    Nearby Similar for Sale

    • $550,000
      9,158 SF

      University City Industrial Warehouse For Sale

      9,158 SF industrial warehouse with renovated office space.
      6609 Olive Boulevard, University City, MO 63130
      View Details
    • $149,999
      2,064 SF

      Olive Boulevard Commercial Opportunity

      Mixed-use property with high visibility and ample parking.
      7853 Olive Boulevard, University City, MO 63130
      View Details
    • $599,900
      4,256 SF

      University City Four-Family Investment Property

      Well-maintained four-family property in the heart of University City.
      7221 Balson Avenue, University City, MO 63130
      View Details
    • $1,499,000
      9,936 SF

      Renovated Multifamily Investment Near Delmar

      Six-family residence near Washington University with renovated units.
      710 LELAND Avenue, University City, MO 63130
      View Details
    • $489,000
      3,088 SF

      Well-Maintained Two-Family Property

      Two-family property in University City near Clayton and Washington University.
      7359 Amherst Avenue, University City, MO 63130
      View Details
    • $379,500
      2,480 SF

      Spacious Two-Family Near Delmar Loop

      Two-family property near Clayton, Delmar Loop, and Highway 170.
      7347 Delmar Boulevard, University City, MO 63130
      View Details

    FAQs

    What type of property is this?
    Apartment building - Acquire a 28-unit apartment-style multifamily property with a family-focused three-bedroom, two-bath unit mix.
    Where is this apartment building located?
    The property is located at 1000 Wild Cherry Lane University City, MO.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 28‑unit multifamily property at 1000 Wild Cherry Lane in University City; Unit mix features spacious 3‑bedroom, 2‑bathroom apartments; Brick and brick veneer construction; year built 1959
    (618) 567-8346
    We can help!
    Listing Contact
    James Anderson
    James Anderson
    Real Estate License ID: 2019046652
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1000 Wild Cherry Lane, University City, MO 63130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!