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    12660 Lamplighter Sq Shopping Ctr St St. Louis, MO 63128
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    12660 Lamplighter Sq Shopping Ctr St, St. Louis, MO 63128

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    • Retail properties & Spaces
    • 55,555 SF
    • 6.38 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 12660 Lamplighter Sq Shopping Ctr St

    Year built
    1973
    Lot size
    6.38 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Lamplighter Square offers exceptional retail, office, and coworking space in the thriving South County submarket, specifically the Sunset Hills, Sappington, and St. Louis cluster. This well-maintained shopping center boasts two single-story buildings totaling 55,555 square feet, built in 1973, and situated on a 6.38-acre lot. The property features ample parking with 306 spaces and benefits from a highly visible corner location at the intersection of Tesson Ferry Rd, Schuessler Rd, and Old Tesson Rd. Currently, there are three available spaces ranging from 1,098 to 1,255 square feet, totaling 1,220 square feet of vacant space. The property is zoned C8 and offers multiple tenancy options, suitable for a variety of uses including coworking, medical offices, and creative office spaces. Its strategic location provides easy access to a wealth of amenities, including nearby Arby's, St. Louis Bread Co., and Starbucks, as well as the convenience of being close to Mercy Hospital. This property presents a unique opportunity for businesses seeking high visibility and a desirable location in a well-established commercial area. The property includes all necessary power utilities.

    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
    -90.3787
    Latitude
    38.5043

    Comparable in this City

    • Value Estimation by Request
      28,759 SF

      13131 Tesson Fry Rd St

      Coworking space
      13131 Tesson Fry Rd St, St. Louis, MO 63128
      View Details
    • Value Estimation by Request
      103,204 SF

      12700 Southfork Rd St

      Medical Office Space
      12700 Southfork Rd St, St. Louis, MO 63128
      View Details
    • Value Estimation by Request
      10,000 SF

      9914 Kennerly Rd St

      Office Spaces
      9914 Kennerly Rd St, St. Louis, MO 63128
      View Details
    • Value Estimation by Request

      13070 Tesson Fry Rd St

      Office Spaces
      13070 Tesson Fry Rd St, St. Louis, MO 63128
      View Details
    • Value Estimation
      $20,315,000
      174,045 SF

      10016 Kennerly Rd

      MEDICAL CLINIC
      10016 Kennerly Rd, Saint Louis, MO 63128-2106
      View Details
    • Value Estimation
      $10,470,000
      80,596 SF

      10050 Kennerly Rd

      MEDICAL CLINIC
      10050 Kennerly Rd, Saint Louis, MO 63128-2106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,360 SF

      South County Medical Office Building

      12,360 SF medical office near Mercy South Hospital.
      12152 Tesson Fry Rd St, Louis, MO 63128
      View Details
    • Contact for pricing
      4,579 SF

      Medical Office Renovation Opportunity

      Versatile medical/office building in established medical corridor. Renovation opportunity.
      13065 Old Tesson Fry Rd St, Louis, MO 63128
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    • Contact for pricing
      2,500 SF

      South County Office Building

      7500 sq ft office building in South County Corridor.
      10007 Kennerly Rd St, Louis, MO 63128
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      8,253 SF

      8,253 SF Office Building

      8,253 SF office building available for sale.
      12106 Tesson Ferry Rd, Saint Louis, MO 63128
      View Details
    • Contact for pricing
      31,628 SF

      Redevelopment Opportunity Near I-55

      Operating car wash and self-storage with redevelopment potential.
      4201 Bi-State Industrial Dr St, Louis, MO 63128
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    • Contact for pricing

      Redevelopment Opportunity in South County

      High-visibility land with redevelopment potential in a retail district.
      4201 Bi State Industrial Dr St, Louis, MO 63128
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    Similar Nearby for Lease

    • Contact for pricing

      Well-Maintained Shopping Center Available

      Shopping center with high visibility and nearby amenities for lease.
      12660 Lamplighter Sq Shopping Ctr St, Louis, MO 63128
      View Details
    • Contact for pricing
      7,500 SF

      Medical Office Space Available

      Flexible medical suites for rent near Mercy Hospital South.
      5000 Cedar Plz Pkwy St, Louis, MO 63128
      View Details
    • Contact for pricing

      Medical Office Space at Hospital

      Medical office space available on Mercy South Hospital campus.
      10004 Kennerly Rd St, Louis, MO 63128
      View Details
    • Contact for pricing
      1,853 SF

      Medical Office Space Available

      Medical office space for rent near Mercy South Hospital.
      10012 Kennerly Rd St, Louis, MO 63128
      View Details
    • Contact for pricing
      1,399 SF

      Medical Office Space for Rent

      Medical office space available on Mercy South Hospital campus.
      10004 Kennerly Rd St, Louis, MO 63128
      View Details
    • Contact for pricing
      1,942 SF

      Medical Space Near Mercy South

      Medical office space with hospital access and amenities.
      12700 Southfork Rd St, Louis, MO 63128
      View Details
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    St. Louis, MO 63128
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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.

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