Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6010 Kingshighway Blvd St St. Louis, MO 63109

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6010 Kingshighway Blvd St

    Year built
    1940
    Property type
    Apartment buildings

    Description

    This exceptional 25-unit apartment building, located at 6010-20 S Kingshighway Blvd in St. Louis, Missouri, presents a compelling investment opportunity. Built in 1940 and extensively renovated in 2013, the property boasts 24,000 square feet of net rentable space. The unit mix includes studios, one, two, and three-bedroom apartments, with a notable 48% comprised of two and three-bedroom units catering to a family-oriented market. Each unit features fully equipped kitchens with stainless steel appliances and quartz countertops, reflecting the high-quality renovation. The property benefits from its location in the Princeton Heights neighborhood of South City, offering convenient access to Highway 55 and downtown St. Louis. The surrounding area demonstrates strong demographics, with an average household income of $96,469 and an average housing value of $256,467 within a one-mile radius. The building also includes the rare amenity of exclusive garage parking. This well-maintained property, situated in a submarket with a history of high occupancy, offers investors a chance to acquire a proven performer with potential for further rental growth. The asking price for this turnkey investment is $2,700,000. The property's zip code is 63109.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Louis
    County
    State
    Missouri
    Longitude
    -90.2837
    Latitude
    38.5756

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      6651 Chippewa St St

      Multifamily properties • 0.95 Acres
      6651 Chippewa St St, St. Louis, MO 63109
      View Details
    • Value Estimation by Request
      4,500 SF

      6762 Chippewa St St

      Retail properties • 4,500 SF
      6762 Chippewa St St, St. Louis, MO 63109
      View Details
    • Value Estimation
      $540,000
      0.10 Acres

      4418 Donovan Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      4418 Donovan Ave, Saint Louis, MO 63109
      View Details
    • Value Estimation
      $265,000
      2,978 SF

      4972-4976 Eichelberger St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,978 SF
      4972-4976 Eichelberger St, Saint Louis, MO 63109
      View Details
    • Value Estimation
      $300,000
      3,183 SF

      5855 Devonshire Ave

      OFFICE (GENERAL) • 3,183 SF
      5855 Devonshire Ave, Saint Louis, MO 63109
      View Details
    • Value Estimation
      $320,000
      5,901 SF

      6974-6978 Chippewa St

      OFFICE (GENERAL) • 5,901 SF
      6974-6978 Chippewa St, Saint Louis, MO 63109
      View Details

    Similar Nearby for Sale

    • $375,000
      2,856 SF

      St Louis Quadplex Investment Property

      Well-maintained four-unit property in desirable North Hampton neighborhood.
      5026 Chippewa St, Louis, MO 63109
      View Details
    • $250,000
      Pending

      Princeton Heights Two-Family Property

      Move-in ready duplex in desirable Princeton Heights neighborhood.
      5600 S Kingshighway Blvd St, Louis, MO 63109
      View Details
    • $415,000
      3,536 SF

      Rehabbed Apartment Units with Garage

      Four updated units with a detached three-car garage.
      5236 Loughborough Ave St, Louis, MO 63109
      View Details
    • $359,900
      Pending

      St Louis Investment Property

      Well-maintained South City duplex with modern updates and desirable amenities.
      5185 Goethe Ave St, Louis, MO 63109
      View Details
    • $349,900
      1,700 SF

      Updated Duplex in Princeton Heights

      Updated 2-family flat in the heart of Princeton Heights.
      5203 Schollmeyer St, Louis, MO 63109
      View Details
    • $375,000
      2,856 SF

      St. Louis Quadplex Investment Opportunity

      Well-maintained, fully occupied quadplex in desirable North Hampton neighborhood.
      5006 Chippewa St, Louis, MO 63109
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,900 SF

      Retail/Office Building on Hampton Avenue

      Freestanding 1,900 SF building on high-traffic Hampton Avenue.
      4601 Hampton Ave, Saint Louis, MO 63109
      View Details
    • $21 SF/Yr
      4,250 SF

      Medical Office in High-Traffic Area

      Well-equipped medical office with high visibility and ample parking.
      5701 Chippewa St, Saint Louis, MO 63109
      View Details
    • Contact for pricing
      1 SF

      St. Louis Medical Office Building

      Four-story medical office, 1 suite available.
      6651 Chippewa St St, St. Louis, MO 63109
      View Details
    • Contact for pricing
      217,702 SF

      Hampton Village Plaza Office Suites

      St. Louis Executive Office Space Available
      60 Hampton Vlg Plz St, St. Louis, MO 63109
      View Details
    • $14 SF/Yr
      2,583 SF

      Updated Office Space For Rent

      Updated office space with high-end finishes in high-traffic area.
      4700 Hampton Ave St, Louis, MO 63109
      View Details
    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.
    6010 Kingshighway Blvd St
    St. Louis, MO 63109
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.