Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1221 Strassner Dr Saint Louis, MO 63144-1875

    • Turn key restaurants
    • 5,998 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jan 27, 2020
    $1,500,000
    Value Estimations
    $2,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3333253
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sal y Limón Mexican Grille / Mexican Restaurant
    • Cayden G'S Restaurant / Restaurant

    Property Details for 1221 Strassner Dr

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    5,998 SF
    Zone code
    9LID
    Property type
    Turn key restaurants
    APN
    20K-3-2-094-8
    APU
    20K320948

    Description

    This exceptional 5,998 square foot freestanding medical office building is available for lease in the desirable Brentwood, Missouri market. Located at 1221 Strassner Drive, this single-tenant property offers ample space for a variety of medical practices. The building's convenient location in St. Louis County, with a zip code of 63144, provides easy access for patients and staff. The entire building is currently vacant, presenting a unique opportunity for a business to establish a prominent presence in a thriving community. The property is classified as both retail and office space, offering flexibility in its potential use. Its "freestanding" nature ensures high visibility and independent access. Detailed specifications and lease terms are available upon request. This property represents a significant opportunity for a medical practice seeking a well-located, spacious, and readily available building in a prime St. Louis County location. The building's size and layout are ideal for a variety of medical specialties, offering a chance to create a modern and efficient workspace. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is situated at 38.6232087 latitude and -90.33484 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,925,000
      ML approach
      $1,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,960,000
      Market price range: $518k - $2.96M
      AI Estimate
      $1,199,000
      Market price range: $469k - $1.20M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,660,000
      Current use
      RETAIL STORES
      $1,350,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.3348
    Latitude
    38.6232
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $55,646
    $80,830
    $488,380
    $569,210
    -
    $252,600
    $1,526,200
    $1,778,800

    Comparable in this City

    • Value Estimation
      $365,000
      1,777 SF

      2300 Brentwood Blvd

      RESTAURANT • 1,777 SF
      2300 Brentwood Blvd, Saint Louis, MO 63144-2026
      View Details
    • Value Estimation
      $675,000
      4,582 SF

      2428 Brentwood Blvd

      RESTAURANT • 4,582 SF
      2428 Brentwood Blvd, Saint Louis, MO 63144-2327
      View Details
    • Value Estimation
      $495,000
      2,805 SF

      8720 Manchester Rd

      RESTAURANT • 2,805 SF
      8720 Manchester Rd, Saint Louis, MO 63144-2724
      View Details
    • Value Estimation
      $370,000
      3,987 SF

      8100 Manchester Rd

      RESTAURANT • 3,987 SF
      8100 Manchester Rd, Saint Louis, MO 63144-2820
      View Details
    • Value Estimation
      $575,000
      3,562 SF

      1595 Hanley Rd

      RESTAURANT • 3,562 SF
      1595 Hanley Rd, Saint Louis, MO 63144-2904
      View Details
    • Value Estimation
      $540,000
      3,308 SF

      1605 Hanley Rd

      RESTAURANT • 3,308 SF
      1605 Hanley Rd, Saint Louis, MO 63144-2907
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Hanley Station Restaurant Space

      4,000 SF Restaurant, Prime Location
      1201 Strassner Dr St, St. Louis, MO 63144
      View Details
    • Contact for pricing
      2.20 Acres

      Prime Brentwood Commercial Land

      2.2-acre site, high-traffic location.
      8071-8075 Manchester Rd, Brentwood, MO 63144
      View Details
    • $599,000
      3,700 SF

      Rock Hill Retail/Warehouse Building

      3,700 SF retail/warehouse building with high traffic volume.
      9230 Manchester Rd, Saint Louis, MO 63144
      View Details
    • $1,095,000
      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
    • $738,000
      1 SF

      Brentwood Land Investment Opportunity

      Strategic location with development potential in Brentwood area.
      8300 Manchester Rd, Saint Louis, MO 63144
      View Details
    • $738,000
      46,175 SF

      Brentwood Industrial Flex Space

      1.06-Acre Flex Warehouse, Vacant
      8300 Manchester Rd, Brentwood, MO 63144
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      68,000 SF

      Hanley Plaza: Brentwood Office Suites

      Modern Creative Office Space in St. Louis County
      2001 Hanley Rd, Brentwood, MO 63144
      View Details
    • Contact for pricing
      37,500 SF

      Versatile Warehouse with Office Space

      37,500 SF warehouse with creative office space for lease.
      1002 Hanley Industrial Ct, Saint Louis, MO 63144
      View Details
    • $12 SF/Yr
      20,125 SF

      Prime Brentwood Executive Office Space

      19,333 SF Available, Excellent Location
      1300 Strassner Dr, Brentwood, MO 63144
      View Details
    • $21 SF/Yr
      553 SF

      Small Office Suite For Rent

      Office suite featuring two offices and a reception area.
      1750 S Brentwood Blvd, Saint Louis, MO 63144
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1221 Strassner Dr
    Saint Louis, MO 63144-1875
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.