Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail/Office Space Near Forest Park Title is generated by Realmo AI

    245 Union Blvd, Saint Louis, MO 63108

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Street-level retail/office space adjacent to Forest Park.

    Type:retail.street_retail
    Added:
    Mar 7, 2026
    Days on Market:
    91
    Last Refresh:
    Mar 7 at 7:04 pm

    Property Features for 245 Union Blvd

    General Information

    Standard status
    Active
    Property subtype
    retail.street_retail

    We can help!

    Listing Contact
    Rick Dames

    Listing agent Rick Dames License #1999033116

    Listing office Avison Young - US - MO - St. Louis

    Listing date Mar 7, 2026

    Source Avisonyoung

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - US - MO - St. Louis

    HighLights

    • Street level retail/office space adjacent to Forest Park
    • 60+ surface parking spaces
    • Sublease term is through April 2031
    • Among the newly developed 270 On the Park luxury apartment complex

    Overview

    This property at 245 Union Blvd, Saint Louis, MO 63108, offers street-level retail or office space. It is located adjacent to Forest Park and near the newly developed 270 On the Park luxury apartment complex. The property includes 60+ surface parking spaces. The sublease term extends through April 2031.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.275321
    Latitude
    38.646522

    Nearby Similar for Lease

    • $3,800/Mo
      8,000 SF

      North County Daycare Ready Space

      5,000 SF leasable space ideal for daycare use.
      10112 Royal Drive, Unincorporated, MO 63136
      View Details
    • $2,700/Mo
      2,500-2,800 SF

      Atrium Office with Railroad Views

      Soon to be vacant office space with kitchenette and lobby.
      904 S 4Th St, Unit 301, Saint Louis, MO 63103
      View Details
    • $129-$3,856/Mo
      11-1,292 SF

      MO, St. Louis - N Broadway

      211 Broadway, Unit 23RD, Saint Louis, MO 63102
      View Details
    • Sponsored
      $129-$3,376/Mo
      11-1,292 SF

      MO, St. Louis - Craigshire Rd

      2055 Craigshire Rd, Saint Louis, MO 63146
      View Details
    • Sponsored
      $129-$3,476/Mo
      11-1,292 SF

      Spaces Central West End

      4625 Lindell Blvd, Saint Louis, MO 63108
      View Details
    • $16 SF/Yr
      1,200 SF

      High-Visibility Office/Retail Space

      Flexible office or retail space with strong visibility in a walkable Central West End setting.
      4513 Olive St, Saint Louis, MO 63108
      View Details
    • Contact for pricing
      1,521-1,521 SF

      Hampton Village Plaza

      Newly renovated clinic space in high-visibility retail plaza. Perfect for medical/wellness.
      16 Hampton Village Plz UNIT 274, Unit SAINT LOUIS, Saint Louis, MO 63109
      View Details
    • $129-$3,446/Mo
      11-1,292 SF

      Deloitte Building

      100 4Th St, Unit 550, Saint Louis, MO 63102
      View Details
    • $14 SF/Yr
      3,024 SF

      Retail Suite with Rear Drive-In Door

      Retail space with an open layout, updated electrical, and rear drive-in access suited for high-traffic operations.
      1904 Marconi Ave, Saint Louis, MO 63110
      View Details
    • $5,000/Mo
      3,996 SF

      Functional Industrial Space in Brentwood

      Versatile industrial space with warehouse and office areas available for lease.
      8500 Manchester Rd, Saint Louis, MO 63144
      View Details
    • $14 SF/Yr
      5,800 SF

      Office Space Near Westport Plaza

      5,800 SF office space with ample parking available for lease.
      11780 Borman Drive, Saint Louis, MO 63146
      View Details
    • $30 SF/Yr
      5,169 SF

      Medical Office Space For Rent

      Former kidney dialysis medical office space next to St. Mary's Hospital.
      6400 Clayton Rd, Saint Louis, Missouri 63117
      View Details

    FAQs

    What type of property is this?
    Retail space - Street-level retail/office space adjacent to Forest Park.
    Where is this retail space located?
    The property is located at 245 Union Blvd Saint Louis, MO.
    What are key features of this property?
    This property features: Street level retail/office space adjacent to Forest Park; 60+ surface parking spaces; Sublease term is through April 2031
    (314) 968-0220
    We can help!
    Listing Contact
    Rick Dames
    Real Estate License ID: 1999033116
    Learn More
    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
    245 Union Blvd, Saint Louis, Missouri 63108
    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!