Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3308 Jamieson Ave St St. Louis, MO 63139
    Back to Search
    Property profile & analytics

    3308 Jamieson Ave St St. Louis, MO 63139

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

    Current Use by Public Records

    • Land

    Property Details for 3308 Jamieson Ave St

    Property type
    Land

    Description

    This exceptional 11,413 sq ft commercial and residential lot in St. Louis, Missouri (63139), presents a unique investment opportunity. Priced at $269,000 ($23/sq ft), this property boasts a highly visible corner location at 3308-3318 Jamieson Ave, just south of Interstate 44. The lot features 163 feet of frontage on Jamieson Avenue and 70 feet on Fyler Avenue, situated at a four-way stop intersection. Included are survey, plans, and drawings for a proposed 10,000 sq ft, two-story mixed-use building. This design incorporates 5,000 sq ft of ground-floor commercial/retail space and four spacious second-floor apartments, each with a private rooftop deck. The property benefits from convenient access to major thoroughfares, including Interstates 40/64 and 44, and is near existing and planned retail developments, including a Circle K and an upcoming QuikTrip. The site's zoning is designated as "F," and its high visibility makes it ideal for a variety of commercial and residential uses. This is a rare chance to develop in a sought-after area of South St. Louis City, known for its vibrant community and convenient location.

    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
    -90.3076
    Latitude
    38.6036

    Comparable in this City

    • Value Estimation by Request
      0.78 Acres

      3500 Kingshighway Blvd St

      Land • 0.78 Acres
      3500 Kingshighway Blvd St, St. Louis, MO 63139
      View Details
    • Value Estimation by Request
      2,581 SF

      5400 Magnolia Ave St

      Individual retail properties • 2,581 SF
      5400 Magnolia Ave St, St. Louis, MO 63139
      View Details
    • Value Estimation by Request
      63,640 SF

      3201-3233 Kingshighway Blvd St

      Retail properties & Spaces • 63,640 SF
      3201-3233 Kingshighway Blvd St, St. Louis, MO 63139
      View Details
    • Value Estimation by Request
      12,960 SF

      6300 Clayton Ave St

      Retail properties & Spaces • 12,960 SF
      6300 Clayton Ave St, St. Louis, MO 63139
      View Details
    • Value Estimation by Request
      10,513 SF

      3144 Kingshighway Blvd St

      Individual retail properties • 10,513 SF
      3144 Kingshighway Blvd St, St. Louis, MO 63139
      View Details
    • Value Estimation by Request
      2,988 SF

      3201-3205 Kingshighway Blvd St

      Retail properties & Spaces • 2,988 SF
      3201-3205 Kingshighway Blvd St, St. Louis, MO 63139
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Magnolia Avenue Land Lot

      Land lot suitable for parking approximately four cars.
      5410 Magnolia Ave, Saint Louis, MO 63139
      View Details
    • Contact for pricing

      Land Near Iconic St. Louis Location

      Three parcels of land totaling 1.17 acres for sale.
      2616 Brannon Ave, Saint Louis, MO 63139
      View Details
    • $450,000
      Pending

      Art Deco Style Four-Family Building

      Four-family building with updates and a four-car garage.
      5050 Potomac St St, Louis, MO 63139
      View Details
    • $430,000
      Pending

      Updated Duplex Near Forest Park

      Income-producing duplex in Dogtown, close to amenities and attractions.
      1025 Central Ave St, Louis, MO 63139
      View Details
    • $799,500
      3,750 SF

      Renovated 4-Family Property in DOGTOWN

      Fully renovated 4-family property in a desirable St. Louis neighborhood.
      2223 Benton Ter St, Louis, MO 63139
      View Details
    • $300,000
      Pending

      St. Louis Two-Family Brick Building

      Updated two-unit building near Maplewood and Forest Park.
      6914 Waldemar Ave St, Louis, MO 63139
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hampton Avenue Ghost Kitchen

      Full-service, cloud-connected ghost kitchen with commissary kitchen units for rent.
      2360 Hampton Ave St, Louis, MO 63139
      View Details
    • $12 SF/Yr
      8,000 SF

      8,000 SF Flex Space

      Flex space with office, dock, drive-in, and extra sheds.
      1824 Knox Ave, Saint Louis, MO 63139
      View Details
    • Contact for pricing

      Updated Office Space with Docks

      10,000 SF office space with loading docks for rent.
      3200 S Kingshighway Blvd, Saint Louis, MO 63139
      View Details
    • Contact for pricing

      Office Space with Free Parking

      Office spaces for lease with abundant free parking.
      1 Campbell Plz St, Louis, MO 63139
      View Details
    • $6 SF/Yr
      87,624 SF

      Industrial Space with Updated Office

      156,080 SF industrial space with updated office for lease.
      3200 S Kingshighway Blvd, Saint Louis, MO 63139
      View Details
    • $2,860 /Mo
      4,260 SF

      Hampton Avenue Office Suites Available

      Office suites for lease in Hampton Manor Office Complex.
      3250-3270 Hampton Ave St, Louis, MO 63139
      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.
    3308 Jamieson Ave St
    St. Louis, MO 63139
    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
    3308 Jamieson Ave St, St. Louis, MO, 63139
    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!