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Property profile & analytics
FOR LEASE
Medical Office Space
114 Piper Hill Dr St Peters, MO 63376
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US48-3304437
For Lease
1 / 3
$21 SF/Yr
114 Piper Hill Dr, St Peters, MO 63376
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Total area
14,360 SF
Lot
1 ac (43,560 SF)
APN
2-0117-7436-00-0003.0000000
UPID
US48-3304437
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
-
Physicians Ambulatory Surgery Center Medical Clinic Hospital
-
Brian D. Meek, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.38M
Owner & transaction history
Medspace LLC · 5 yrs held
Medspace LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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 St Peters submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Peters 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
$1,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.20M (Mar 22 2021)
Last sale anchor
$1.20M
Mar 22 2021
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
$96 / 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
Property tax & assessments
Assessed value
$378,687
Assessed 2023
Previous assessed
$351,638
+7.7% YoY
Land market value
$272,250
Improvement market value
$911,146
Total market value
$1,183,396
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1998
Heating
NONE
Stories
2
Bathrooms
1
Total area
14,360 SF
Lot
1 ac (43,560 SF)
APN
2-0117-7436-00-0003.0000000
UPID
US48-3304437
Jurisdiction
ST CHARLES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
2
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Medspace LLC
Entity
Mailing address
101 W ARGONNE DR #211, SAINT LOUIS, MO 63122-4201
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
—
Medspace LLC
Byron B Webb Incorporated
Warranty Deed
$960,000 · Peoples National Bank NA
Nov 21, 2012
$650,000
Byron B Webb INC
St Johns Bk & Trust Co
Grant Deed
—
Sep 21, 2012
$750,000
St Johns Bk & Trust Co
Trustee Svcs INC
Trustees Deed
related
—
Jan 2, 2003
—
Hemco Three LLC
Hemsath,david & Margaret
Quit Claim Deed
related
—
Oct 23, 2001
—
David Hemsath
Lot 3 Partners LLC
Grant Deed
related
—
—
—
Lot 3 Partners LLC
—
Deed Of Trust
related
$1,598,186 · Enterprise Bank
—
—
Lot 3 Partners LLC
—
Deed Of Trust
related
$1,600,000 · Midwest Bankcentre
—
—
David J Hemsath
—
Deed Of Trust
related
$700,000 · First National Bank
—
—
Hemco Three LLC
—
Deed Of Trust
related
$1,073,000 · St Johns Bk&tr
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.
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