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    1201 Strassner Dr St St. Louis, MO 63144
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    1201 Strassner Dr St St. Louis, MO 63144

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    • Retail properties & Spaces
    • 4,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1201 Strassner Dr St

    Property size
    4,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 4,000 square foot freestanding retail building, formerly a full-service restaurant, presents a unique investment opportunity in Brentwood, Missouri. Situated at the signalized intersection of Hanley Road and Strassner Drive, this property boasts over 70,000 vehicles per day (VPD), ensuring high visibility and accessibility. Its convenient location, less than a mile from I-64, provides effortless access for customers. Constructed in 2007, the building features a covered patio, adding to its appeal. The property benefits from its proximity to Maplewood Commons, a major power center anchored by Lowe's, Menards, Walmart, and Sam's Club, drawing significant foot traffic. This location is part of a thriving mixed-use development, including a 123-room SpringHill Suites hotel, 150 condo units, two parking garages with a combined 834 spaces, a multi-tenant retail building, and two other freestanding restaurants. The I-64/I-170 interchange, known as the strongest retail trade area in the St. Louis Metro area, further enhances the property's strategic value. This turnkey restaurant space is ready for immediate occupancy and offers significant potential for a variety of food service concepts. The high traffic counts, strong surrounding retail, and convenient location make this a truly exceptional opportunity.

    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
    -90.335
    Latitude
    38.6229

    Comparable in this City

    • Value Estimation
      $44,200,000
      228,534 SF

      1700 Hanley Rd

      DEPARTMENT STORE • 228,534 SF
      1700 Hanley Rd, Saint Louis, MO 63144-2908
      View Details
    • Value Estimation by Request
      60,452 SF

      8800 Manchester Rd

      Retail properties & Spaces • 60,452 SF
      8800 Manchester Rd, Brentwood, MO 63144
      View Details
    • Value Estimation by Request
      2.20 Acres

      8071-8075 Manchester Rd

      Land • 2.20 Acres
      8071-8075 Manchester Rd, Brentwood, MO 63144
      View Details
    • Value Estimation by Request
      1,821 SF

      1500 Hanley Rd

      Lifestyle centers • 1,821 SF
      1500 Hanley Rd, Brentwood, MO 63144
      View Details
    • Value Estimation by Request
      4,512 SF

      9243 Manchester Rd

      BAR, TAVERN • 4,512 SF
      9243 Manchester Rd, Saint Louis, MO 63144-2635
      View Details
    • Value Estimation by Request
      1,777 SF

      2300 Brentwood Blvd

      RESTAURANT • 1,777 SF
      2300 Brentwood Blvd, Saint Louis, MO 63144-2026
      View Details

    Similar Nearby for Sale

    • $1,395,000
      4,000 SF

      Freestanding Retail Building For Rent

      4,000 SF retail building, formerly a full-service restaurant.
      1201 Strassner Dr, Brentwood, MO 63144
      View Details
    • $550,000
      0.38 Acres

      Brentwood Mixed-Use Opportunity on Manchester

      Blank canvas with high visibility on Manchester Road.
      8503 Manchester Rd, Brentwood, MO 63144
      View Details
    • Contact for pricing
      3,300 SF

      Retail/Office Space on Manchester Rd

      Retail or office property on a major St. Louis corridor.
      8503 Manchester Rd, Brentwood, MO 63144
      View Details
    • $399,999
      4,582 SF

      Retail Building on Brentwood Blvd

      4,582 SF building with parking on Brentwood Blvd.
      2428 S Brentwood Blvd St, Louis, MO 63144
      View Details
    • Contact for pricing
      2,500 SF

      Prime Retail Building on Brentwood

      5,000 SF retail building in high-traffic location.
      2818 S Brentwood Blvd St, Louis, MO 63144
      View Details
    • Contact for pricing
      8,498 SF

      Retail/Office Space with Storage

      3,000 SF retail/office space with fenced storage.
      8416 Manchester Rd, Saint Louis, MO 63144
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Space on Brentwood Boulevard

      Retail space available with excellent visibility and pylon signage.
      2530-2554 S Brentwood Blvd, Brentwood, MO 63144
      View Details
    • $15 SF/Yr
      16,566 SF

      Prime Mixed-Use Opportunity, Brentwood

      Highly visible mixed-use property with flexible layout in desirable location.
      8503 Manchester Rd, Brentwood, MO 63144
      View Details
    • Contact for pricing
      3,996 SF

      Functional Industrial Space in Brentwood

      Versatile industrial space with warehouse and office areas available for lease.
      8500 Manchester Rd, Saint Louis, MO 63144
      View Details
    • Contact for pricing
      1,393 SF

      Retail Space on Manchester Road

      Retail space available in St. Louis, Missouri.
      8800-8824 Manchester Rd St, Louis, MO 63144
      View Details
    • Contact for pricing

      Maplewood Retail Spaces Available

      Retail spaces available ranging from 1,599 to 7,783 SqFt.
      1805 Maplewood Commons Dr, Maplewood, MO 63144
      View Details
    • $12 SF/Yr
      8,200 SF

      Retail Warehouse with Office Space

      Retail and warehouse space with second-floor office and parking.
      8603 Manchester Rd St, Louis, MO 63144
      View Details
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    St. Louis, MO 63144
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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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