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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Retail space
12609 Olive Blvd Saint Louis, MO 63141-6313
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US48-0896758
Property summary
AI-generated overview
This thriving retail center, located at 12609 Olive Blvd in Creve Coeur, Missouri (zip code 63141), offers 39,528 square feet of fully occupied space across multiple tenancies. The property sits on a 4.16-acre lot and boasts ample parking with 201 spaces available for customers and employees. The diverse tenant mix includes fitness, café, medical, and bakery establishments, catering to a wide range of consumer needs. The building is zoned CB and its APN is 16O-11-0252. Its convenient location in the West St. Louis County submarket, near the cross street of Heritage Place, ensures high visibility and accessibility. This property presents a strong investment opportunity in a densely populated and thriving commercial area. The building's current occupancy rate is 100%, indicating a stable and successful operation. The property's strategic location within the West County submarket of West St. Louis County makes it an attractive option for investors seeking a well-established retail center with a proven track record. This is a rare opportunity to acquire a fully leased, high-performing retail property in a desirable location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
26,180 SF
Lot
4.16 ac (181,210 SF)
Zoning code
82CB
APN
16O-1-1-025-2
UPID
US48-0896758
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
-
Dyson Service Center Home Appliance Store (Bike/Boat/Book/etc) Store
-
HRC Medical Medical Clinic
-
Gardiner Teresa Employment Agency
-
Brook Eileen Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
$6.86M
Blend (final)
Blend
$1.22M
Owner & transaction history
West Park Retail LLC · 20 yrs held
West Park Retail LLC
since 2005
1 recorded transaction
Zoning & alternative use
82CB · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Citywide Zoning District Map
Top alternative use upside
Restaurant
$7.3M
+77.2%
Commercial (general)
$4.8M
+16.4%
Office building
$4.6M
+12.6%
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 Saint Louis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Louis 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%
$5,870,000
6.5%
$5,420,000
7%
$5,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,090,000
Current use
RESTAURANT
$7,250,000
Change: +77% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,765,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$4,605,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$4,035,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$46 / 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
$212,255
Tax year 2023
Assessed value
$2,028,510
Assessed 2023
Previous assessed
$1,529,500
+32.6% YoY
Effective rate
10.46%
On assessed value
Assessed land
$869,790
Assessed improvement
$1,158,720
Land market value
$2,718,100
Improvement market value
$3,621,000
Total market value
$6,339,100
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
1987
Heating
NONE
Stories
1
Total area
26,180 SF
Lot
4.16 ac (181,210 SF)
Zoning code
82CB
APN
16O-1-1-025-2
UPID
US48-0896758
Jurisdiction
ST LOUIS
Zoning & alternative use
82CB · Saint Louis, MOZoning 82CB · permitted uses
82CB · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Citywide Zoning District Map
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.1M
RESTAURANT
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
Heating
NONE
Stories
1
Lot
4.16 ac
Current owner
From public records · entity-resolved
West Park Retail LLC
Entity
Mailing address
231 S BEMISTON AVE STE #650, SAINT LOUIS, MO 63105-1956
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2005
—
West Park Retail LLC
Cornerstone-west Park LLC
Quit Claim Deed
related
$6,250,000 · Citigroup Global Markets Realt
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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