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Property profile & analytics
FOR LEASE
Manufacturing properties
1002 Hanley Industrial Ct, Saint Louis, MO 63144
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US48-3104026
For Lease
1 / 3
$3,220,000
1002 Hanley Industrial Ct, Saint Louis, MO 63144
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
2015
Total area
56,100 SF
Lot
2.24 ac (97,487 SF)
Zoning code
9LID
APN
20K-3-3-072-9
UPID
US48-3104026
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Classic Car Studio Auto Repair Shop
-
Naked Spirits Rum Bar & Pub
-
Nomad Cloud Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.22M
Owner & transaction history
Hoffmann Real Estate III LLC · 6 yrs held
Hoffmann Real Estate III LLC
since 2019
4 recorded transactions
Zoning & alternative use
9LID · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Louis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Louis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,705,000
6.5%
$3,420,000
7%
$3,175,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,810,000
Current use
Blend value · Realmo final
$3.22M
Range $2.90M – $3.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$122,039
Tax year 2023
Assessed value
$1,248,350
Assessed 2023
Previous assessed
$752,000
+66.0% YoY
Effective rate
9.78%
On assessed value
Assessed land
$312,220
Assessed improvement
$936,130
Land market value
$975,700
Improvement market value
$2,925,400
Total market value
$3,901,100
Applied tax rate
104.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
For Lease
Year built
2015
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
11
Total area
56,100 SF
Lot
2.24 ac (97,487 SF)
Zoning code
9LID
APN
20K-3-3-072-9
UPID
US48-3104026
Jurisdiction
ST LOUIS
Zoning & alternative use
9LID · Saint Louis, MO
Zoning 9LID · permitted uses
9LID · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Louis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
YES
Cooling
Yes
Stories
1
Rooms
11
Lot
2.24 ac
Current owner
From public records · entity-resolved
Hoffmann Real Estate III LLC
Entity
Mailing address
1025 HANLEY INDUSTRIAL CT, SAINT LOUIS, MO 63144-1907
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2019
$2,225,000
Hoffmann Real Estate III LLC
Hanley Indl Court L 1002-1010
Grant Deed
$2,225,000 · First Bk
Feb 4, 2008
—
Hanley Indl Court L 1002-1010
Pelagic LLC
Grant Deed
—
Oct 13, 2006
$2,187,500
Pelagic LLC
Tmc Realty Group
Grant Deed
—
—
—
Tmc Realty Group LP
—
Deed Of Trust
related
$700,000 · Heartland Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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