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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Strip malls
11982 Paul Mayer Ave, Bridgeton, MO 63044-2635
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US48-3167045
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Total area
42,000 SF
Lot
3.6 ac (156,947 SF)
Zoning code
10B-2
APN
11N-2-2-035-3
UPID
US48-3167045
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.82M
Owner & transaction history
Ipx Clayton Maryland 423 109 LLC · 2 yrs held
Ipx Clayton Maryland 423 109 LLC
since 2023
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
10B-2 · Bridgeton, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.3M
+1.8%
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 Bridgeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgeton 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
$2,820,000
ML approach
$2,820,000
CAP Approach
CAP Return
Estimation
6%
$3,010,000
6.5%
$2,775,000
7%
$2,580,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,180,000
Current use
RETAIL STORES
$4,255,000
Change: +2% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,345,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10% · vs last sale $2.95M (Aug 24 2023)
Last sale anchor
$2.95M
Aug 24 2023
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
$67 / 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
$14,621
Tax year 2023
Assessed value
$133,570
Assessed 2023
Previous assessed
$269,890
-50.5% YoY
Effective rate
10.95%
On assessed value
Assessed land
$109,950
Assessed improvement
$23,620
Land market value
$343,600
Improvement market value
$73,800
Total market value
$417,400
Applied tax rate
126.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
42,000 SF
Lot
3.6 ac (156,947 SF)
Zoning code
10B-2
APN
11N-2-2-035-3
UPID
US48-3167045
Jurisdiction
ST LOUIS
Zoning & alternative use
10B-2 · Bridgeton, MO
Zoning 10B-2 · permitted uses
10B-2 · Bridgeton, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgeton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
RETAIL STORES
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.6 ac
Current owner
From public records · entity-resolved
Ipx Clayton Maryland 423 109 LLC
Entity
Mailing address
1034 S BRENTWOOD BLVD, SAINT LOUIS, MO 63117-1223
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
$2,950,000
Ipx Clayton Maryland 423 109 LLC
Spirit Master Funding IV LLC
Warranty Deed
$2,620,000 · Enterprise Bank & Trust
Feb 6, 2008
$23,195,000
Cole Mt Bridgeton Mo LLC
Thf Rock Road Lot A Dev LLC
Grant Deed
—
Aug 14, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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