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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Manufacturing properties
124 Millwell Dr Maryland Heights, MO 63043-2510
Entity Owned
19-yr Hold
Free & Clear
Property ID
US48-3336789
Property profile
Verified
Property type
Manufacturing properties
Use group
PAPER PRODUCT MFG
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
19,731 SF
Lot
2.42 ac (105,328 SF)
Zoning code
R4
APN
13N-1-1-076-4
UPID
US48-3336789
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
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.08M
Owner & transaction history
City Of Maryland Heights · 19 yrs held
City Of Maryland Heights
since 2006
2 recorded transactions
Zoning & alternative use
R4 · Maryland Heights, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code.25 11.Schedule of District Regulations
Top alternative use upside
Retail stores
$1.6M
+1.9%
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 Maryland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maryland Heights 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%
$1,305,000
6.5%
$1,205,000
7%
$1,115,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,570,000
Current use
RETAIL STORES
$1,600,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,560,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$55 / 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
$49,090
Tax year 2023
Assessed value
$473,600
Assessed 2023
Previous assessed
$296,230
+59.9% YoY
Effective rate
10.37%
On assessed value
Assessed land
$134,820
Assessed improvement
$338,780
Land market value
$421,300
Improvement market value
$1,058,700
Total market value
$1,480,000
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
Manufacturing properties
Use group
PAPER PRODUCT MFG
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
19,731 SF
Lot
2.42 ac (105,328 SF)
Zoning code
R4
APN
13N-1-1-076-4
UPID
US48-3336789
Jurisdiction
ST LOUIS
Zoning & alternative use
R4 · Maryland Heights, MOZoning R4 · permitted uses
R4 · Maryland Heights, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code.25 11.Schedule of District Regulations
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (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
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
City Of Maryland Heights
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 1008, MARYLAND HEIGHTS, MO 63043-0008
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2006
—
City Of Maryland Heights
Lafrance Manufacturing
Warranty Deed
—
Jul 30, 2001
—
Lafrance Manufacturing Co
—
Deed Of Trust
related
$1,220,000 · Carrollton 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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