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    Property profile & analytics

    12756 Olive Blvd Creve Coeur, MO 63141

    • Retail properties
    • 115,252 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bellerive Plaza / Shopping Mall
    • CVS Pharmacy / Pharmacy

    Property Details for 12756 Olive Blvd

    Property size
    115,252 SF
    Property type
    Retail properties

    Description

    Bellerive Plaza, located at 12756 Olive Blvd in Creve Coeur, Missouri (zip code 63141), offers exceptional retail space in a thriving St. Louis County community. This multi-tenant property boasts a total of 115,252 square feet, with 13,853 square feet currently vacant. Three individual spaces are immediately available, ranging in size from 960 to 3,154 square feet, providing flexibility for various retail businesses. The plaza enjoys a prime location at the intersection of Olive Boulevard and Mason Road, benefiting from high visibility and convenient access. Major anchors include Schnucks and the recently opened Foss Swim School, ensuring consistent foot traffic and a strong customer base. Its strategic position, just over three miles east of Highway 141 and 1.5 miles west of Highway 270, provides excellent accessibility for customers and employees. Creve Coeur is a prosperous area, home to numerous businesses, several high-tech office parks, and BJC-West County Hospital, located less than half a mile away, contributing to a robust and affluent demographic. This presents a unique opportunity for businesses seeking a well-established location within a thriving community. The property is situated in St. Louis County.

    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
    St. Louis
    State
    Missouri
    Longitude
    -90.4731
    Latitude
    38.6784

    Comparable in this City

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      Bayer Dr

      Retail properties • 298,000 SF
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      $1,135,000
      112,028 SF

      955 Woodcrest Executive Dr

      DEPARTMENT STORE • 112,028 SF
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      125,000 SF

      533 Maryville University Dr St

      Retail properties • 125,000 SF
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    • Value Estimation by Request
      268,007 SF

      12503 Olive Blvd St

      Neighborhood centers • 268,007 SF
      12503 Olive Blvd St, St. Louis, MO 63141
      View Details
    • Value Estimation by Request
      27,828 SF

      12536 Olive Blvd

      Individual retail properties • 27,828 SF
      12536 Olive Blvd, Creve Coeur, MO 63141
      View Details

    Similar Nearby for Sale

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    • $199,500
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      Freestanding Commercial Building in Creve Coeur

      Freestanding commercial building in a thriving commercial corridor.
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      Creve Coeur Commercial Property

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    Similar Nearby for Lease

    • Contact for pricing
      115,252 SF

      Bellerive Plaza Retail Space

      Creve Coeur, MO Retail Center - Spaces Available
      12756 Olive Blvd, Creve Coeur, MO 63141
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      Plaza Shops Retail Space for Lease

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      Prime St. Louis Retail Space

      125,000 SF Retail Building, St. Louis, MO
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      Brentwood Plaza Medical Office Space

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      Heritage Place Retail Center

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      269,245 SF

      Heritage Place Retail Space

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      View Details
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    Creve Coeur, MO 63141
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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.

    More about this property
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