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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Retail space
120 Old Meramec Sta Rd Manchester, MO 63021-5351
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-0219262
Property summary
AI-generated overview
This 9,800 square foot single-tenant flex space, built in 1960, is situated on a 0.7-acre lot at 120 Old Meramec Station Rd, Ballwin, MO 63021. The property boasts a convenient location at the intersection of Highway 141 and Manchester Road in the Manchester, MO submarket within the West County, Ballwin, Des Peres cluster. The building features a single story with varying ceiling heights, two loading docks, one dock-high door, and one drive-in door. Ample parking is provided with 35 total spaces. The zoning is classified as "C". Ideal for contractors, auto repair businesses, or service-oriented companies, this property also includes fenced outside storage. The vacant space totals 9,800 square feet. No elevators are present.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
FRAME
Total area
9,853 SF
Lot
0.66 ac (28,924 SF)
Zoning code
94C-1
APN
23Q-4-4-070-4
UPID
US48-0219262
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$975k
Owner & transaction history
Wohlfahrt Holdings LLC · 5 yrs held
Wohlfahrt Holdings LLC
since 2021
7 recorded transactions
Zoning & alternative use
94C-1 · Manchester, 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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,550,000
Current use
OFFICE BUILDING
$1,465,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,400,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$99 / 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
$16,337
Tax year 2023
Assessed value
$152,890
Assessed 2023
Previous assessed
$123,200
+24.1% YoY
Effective rate
10.69%
On assessed value
Assessed land
$66,780
Assessed improvement
$86,110
Land market value
$208,700
Improvement market value
$269,100
Total market value
$477,800
Applied tax rate
108.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
2
Rooms
11
Total area
9,853 SF
Lot
0.66 ac (28,924 SF)
Zoning code
94C-1
APN
23Q-4-4-070-4
UPID
US48-0219262
Jurisdiction
ST LOUIS
Zoning & alternative use
94C-1 · Manchester, MO
Zoning 94C-1 · permitted uses
94C-1 · Manchester, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1990
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Rooms
11
Lot
0.66 ac
Current owner
From public records · entity-resolved
Wohlfahrt Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1270 N PRICE RD, SAINT LOUIS, MO 63132-2325
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
May 28, 2021
$385,000
Wohlfahrt Holdings LLC
Josephine LLC
Warranty Deed
—
Nov 20, 2012
—
Josephine 12/12/1896-10/03/198
—
Trustees Deed
related
$60,000 · Rockwood Bank
May 30, 2012
$345,000
Josephine 12/12/1896-10/03/198
Old Meramec Properties LLC
Grant Deed
$140,000 · Old Meramec Properties LLC
Oct 8, 2007
—
Old Meramec Properties LLC
Noi Speramo LLC
Quit Claim Deed
related
$75,429 · Reliance Bank
Sep 10, 1999
—
Noi Speramo LLC
Wilmoth,james P & Sandra E
Grant Deed
related
—
—
—
Old Meramec Properties LLC
—
Deed Of Trust
related
$124,939 · Reliance Bank
—
—
Josephine 12/12/1896-10/03/198
—
Deed Of Trust
related
$340,000 · Rockwood Bank
—
—
Noi Speramo LLC
—
Deed Of Trust
related
$100,000 · Reliance Bank
—
—
Noi Speramo LLC
—
Deed Of Trust
related
$120,000 · Reliance 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.
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