Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    332 Velde St Creve Coeur, IL 61610
    Back to Search
    Property profile & analytics

    332 Velde St Creve Coeur, IL 61610

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 332 Velde St

    Year built
    1971
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a well-maintained, two-building apartment complex located in Creve Coeur, Illinois, at 332 Velde St, zip code 61610. The property consists of six one-story apartment units, three in each building, offering comfortable living spaces. Currently, the complex boasts long-term tenants, ensuring a steady income stream. One unit has recently undergone renovations and is immediately ready for occupancy, presenting an immediate opportunity to increase rental income. Ample uncovered parking is available for residents. An additional vacant lot on the property offers potential for future expansion or development, adding further value to this already strong investment. Built in 1971, this property represents a stable and reliable income-generating asset, ideal for investors seeking a proven performer in a desirable location. The asking price for this six-unit apartment complex is $275,000. This turnkey opportunity is ready for immediate income generation upon closing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Creve Coeur
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5921
    Latitude
    40.6462

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      928 Stewart St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,400 SF
      928 Stewart St, Creve Coeur, IL 61610-4178
      View Details
    • Value Estimation by Request
      2,128 SF

      401 Roosevelt St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,128 SF
      401 Roosevelt St, Creve Coeur, IL 61610-4174
      View Details
    • Value Estimation by Request
      1,768 SF

      343 Albert St, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,768 SF
      343 Albert St, Creve Coeur, IL 61610-4080
      View Details
    • Value Estimation by Request
      3,744 SF

      349 Carola St, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,744 SF
      349 Carola St, Creve Coeur, IL 61610-4084
      View Details
    • Value Estimation by Request
      0.73 Acres

      103 Highland St

      Land • 4,400 SF
      103 Highland St, Creve Coeur, IL 61610
      View Details
    • Value Estimation by Request
      0.10 Acres

      116 Stewart St

      VACANT COMMERCIAL LAND • 0.10 Acres
      116 Stewart St, Creve Coeur, IL 61610-3224
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Main Thoroughfare

      Land with great visibility on a 4-lane main thoroughfare.
      211 S Main St, Creve Coeur, IL 61610
      View Details
    • Contact for pricing

      Cleared Land Available for Development

      1.7 acre cleared land parcel zoned B2 for development.
      211-301 S Main St, Creve Coeur, IL 61610
      View Details
    • Contact for pricing

      Residential Land in Creve Coeur

      Residential land with potential to build a home.
      593 Roosevelt St, Creve Coeur, IL 61610
      View Details
    • $175,000

      Prime Development Land For Sale

      Prime development land in high-traffic Creve Coeur location.
      117-121 North Main St, Creve Coeur, IL 61610
      View Details
    • Contact for pricing

      Development Opportunity on Main Street

      Prime commercial land for development with high traffic frontage.
      121 N Main St, Creve Coeur, IL 61610
      View Details
    • Contact for pricing

      40 Acres Commercial Land Available

      40 acres of commercial land near I-474 and Rt. 29.
      1101-1145 Wesley Rd, Creve Coeur, IL 61610
      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.
    332 Velde St
    Creve Coeur, IL 61610
    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
    332 Velde St, Creve Coeur, IL, 61610
    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!