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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Manufacturing properties
1331-1337 Delmar Blvd Saint Louis, MO 63103
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US48-3100116
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1927
Construction
CONCRETE
Total area
8,680 SF
Lot
0.21 ac (9,280 SF)
Zoning code
J
APN
053700-00100
UPID
US48-3100116
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
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$1.00M
Owner & transaction history
Shemitah LLC · 4 yrs held
Shemitah LLC
since 2022
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
J · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+168.0%
Retail stores
$1.4M
+130.2%
Medical building
$1.3M
+127.0%
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
$1,045,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,580,000
Change: +168% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +130% · Conversion: Moderate
MEDICAL BUILDING
$1,335,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$1,295,000
Change: +120% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,230,000
Change: +109% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,080,000
Change: +84% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (May 31 2022)
Last sale anchor
$1.00M
May 31 2022
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
$115 / 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
$13,375
Tax year 2023
Assessed value
$125,600
Assessed 2023
Previous assessed
$125,600
+0.0% YoY
Effective rate
10.65%
On assessed value
Assessed land
$23,700
Assessed improvement
$101,900
Land market value
$74,200
Improvement market value
$318,300
Total market value
$392,500
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1927
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
2
Units
1
Total area
8,680 SF
Lot
0.21 ac (9,280 SF)
Zoning code
J
APN
053700-00100
UPID
US48-3100116
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
J · Saint Louis, MO
Zoning J · permitted uses
J · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Louis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1927
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Shemitah LLC
Entity
Mailing address
311 BELT AVE, SAINT LOUIS, MO 63112-1812
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$1,000,000
Shemitah LLC
Convention Investors LLC
Warranty Deed
—
Jan 26, 2015
$725,000
Convention Investors LLC
1335 Convention LLC
Grant Deed
related
$745,000 · Pulaski Bk
May 14, 2008
$1,350,000
1335 Convention LLC
1335 Convention Plaza LLC
Warranty Deed
related
$1,350,000 · Truman Bank
Jun 15, 2007
—
1335 Convention Plaza LLC
Saaman Dev LLC
Quit Claim Deed
related
—
Sep 6, 2006
$1,275,000
Saaman Dev LLC
Fallon Investments Lllp
Warranty Deed
$1,425,000 · Truman Bank
Apr 17, 2006
—
Fallon Investments Lllp
Fallon,craig
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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