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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Office buildings
150 Meramec Ave Saint Louis, MO 63105-3779
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US48-3217031
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1995
Total area
22,436 SF
Lot
0.64 ac (28,009 SF)
Zoning code
14C-2
APN
18K-3-3-196-3
UPID
US48-3217031
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
-
FedEx Drop Box Postal Service Courier Service
-
150 N Meramec Garage Parking Lot & Garage
-
Enterprise Bank & Trust ATM Atm
-
Enterprise Bank & Trust Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Old Town Venture LLC · 11 yrs held
Old Town Venture LLC
since 2014
7 recorded transactions
Zoning & alternative use
14C-2 · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+21.8%
Retail stores
$3.5M
+4.7%
Medical building
$3.5M
+3.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,350,000
Current use
COMMERCIAL (GENERAL)
$4,080,000
Change: +22% · Conversion: Easy
RETAIL STORES
$3,505,000
Change: +5% · Conversion: Moderate
MEDICAL BUILDING
$3,455,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,800,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±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
$133 / 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
$338,789
Tax year 2023
Assessed value
$3,520,000
Assessed 2023
Previous assessed
$2,891,870
+21.7% YoY
Effective rate
9.62%
On assessed value
Assessed land
$758,270
Assessed improvement
$2,761,730
Land market value
$2,369,600
Improvement market value
$8,630,400
Total market value
$11,000,000
Applied tax rate
106.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Rooms
11
Bathrooms
5
Total area
22,436 SF
Lot
0.64 ac (28,009 SF)
Zoning code
14C-2
APN
18K-3-3-196-3
UPID
US48-3217031
Jurisdiction
ST LOUIS
Zoning & alternative use
14C-2 · Saint Louis, MO
Zoning 14C-2 · permitted uses
14C-2 · 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
OFFICE BUILDING Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
6
Rooms
11
Bathrooms
5
Lot
0.64 ac
Current owner
From public records · entity-resolved
Old Town Venture LLC
Entity
Mailing address
150 N MERAMEC AVE STE #500, SAINT LOUIS, MO 63105-3753
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2014
$24,500,000
Old Town Venture LLC
Old Town Offices LLC
Grant Deed
related
$15,000,000 · First Nat'l Bk/st Louis
Sep 30, 2010
—
Old Town Offices LLC
—
Deed Of Trust
related
$16,000,000 · Great Southern Bank
Jan 31, 2008
$33,650,000
Old Town Offices LLC
Realty Associates Fund Vii
Grant Deed
$29,750 · Regions Bank
Aug 23, 2004
—
Realty Associates Fund Vii
Tic Clayton Investment Co LLC
Quit Claim Deed
related
—
Aug 23, 2004
$30,250,000
Realty Associates Fund Vii
Tic Clayton Investment Co LLC
Grant Deed
related
—
Nov 22, 2000
—
Tic Clayton Invesment Co LLC
One Fifty Building Assoc LP
Grant Deed
related
—
—
—
Realty Associates Fund Vii
—
Deed Of Trust
related
$550,000 · Prudential Insurance Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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