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    1247 Belgrove Dr St St. Louis, MO 63137

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    1247 Belgrove Dr St St. Louis, MO 63137

    View on Map
    • Warehouses
    • 11,900 SF
    • 0.51 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1247 Belgrove Dr St

    Year built
    1989
    Lot size
    0.51 lot acres
    Property size
    11,900 SF
    Property type
    Warehouses
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 11,900-square-foot industrial property, located at 1247 Belgrove Drive in St. Louis, Missouri, presents a unique investment opportunity. The single-story, Class D building, constructed in 1989, sits on a 0.51-acre lot and offers convenient access to Interstate 270 (1/3 mile from Exit 33 at Lilac Avenue). The property features a modified lease type and is currently vacant, providing immediate occupancy for a single tenant. The warehouse boasts impressive features including a 16-foot ceiling height, three drive-in doors (two measuring 10' x 12' and one 12' x 14'), a three-ton overhead crane with a six-foot hook, and ample electrical capacity (400 amps, 480-volt, 3-phase power). Additional amenities include a break room and six parking spaces. The property is zoned for light industrial use and has an APN of 10E331061. The asking price is $619,000. This versatile space is ideal for a variety of industrial and office uses, offering significant potential for return on investment. The property's strategic location and functional design make it an attractive option for businesses seeking a well-equipped and conveniently located facility in the St. Louis metropolitan area. The building's features are well-suited for businesses requiring warehouse space with office components.

    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
    St. Louis
    State
    Missouri
    Longitude
    -90.2086
    Latitude
    38.765

    Comparable in this City

    • Value Estimation by Request
      11,900 SF

      1247 Belgrove Dr St

      Distribution properties • 11,900 SF
      1247 Belgrove Dr St, St. Louis, MO 63137
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    • Value Estimation by Request
      6,000 SF

      1145 Belgrove Dr St

      Distribution properties • 6,000 SF
      1145 Belgrove Dr St, St. Louis, MO 63137
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    • Value Estimation
      $7,235,000
      210,754 SF

      9215 Riverview Dr

      WAREHOUSE, STORAGE • 210,754 SF
      9215 Riverview Dr, Saint Louis, MO 63137-3100
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    • Value Estimation
      $1,455,000
      26,435 SF

      9100 Riverview Dr

      WAREHOUSE, STORAGE • 26,435 SF
      9100 Riverview Dr, Saint Louis, MO 63137-2407
      View Details
    • Value Estimation by Request
      12,230 SF

      9605 Lilac Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 12,230 SF
      9605 Lilac Dr, Saint Louis, MO 63137-3224
      View Details
    • Value Estimation by Request
      3,742 SF

      10214 Bellefontaine Rd

      LUMBERYARD, BUILDING MATERIALS • 3,742 SF
      10214 Bellefontaine Rd, Saint Louis, MO 63137-2306
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      12,600 SF

      Industrial Building with Crane

      12,600 SF industrial building with warehouse and office space.
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    St. Louis, MO 63137
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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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