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Property profile & analytics
OFF-MARKET
Estimated value
$7,775,000
Warehouses
1501-1561 2nd St Saint Louis, MO 63104
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US48-1482718
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
125,440 SF
Lot
5.2 ac (226,643 SF)
Zoning code
K
APN
069600-00110
UPID
US48-1482718
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
$9.21M
Comparable Approach
Comparable
$7.98M
Blend (final)
Blend
$7.78M
Owner & transaction history
Snl 1430 South 3rd Street LLC · 4 yrs held
Snl 1430 South 3rd Street LLC
since 2021
Last sale
$11,700
4 recorded transactions
Zoning & alternative use
K · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.8M
+45.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,980,000
6.5%
$9,210,000
7%
$8,555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,820,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$7.78M
Range $7.00M – $8.55M · ±10% · vs last sale $12k (Jul 22 2021)
Last sale anchor
$12k
Jul 22 2021
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
$62 / 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
$124,489
Tax year 2023
Assessed value
$1,224,300
Assessed 2023
Previous assessed
$1,224,300
+0.0% YoY
Effective rate
10.17%
On assessed value
Assessed land
$120,400
Assessed improvement
$1,103,900
Land market value
$376,200
Improvement market value
$3,449,800
Total market value
$3,826,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
125,440 SF
Lot
5.2 ac (226,643 SF)
Zoning code
K
APN
069600-00110
UPID
US48-1482718
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
K · Saint Louis, MO
Zoning K · permitted uses
K · 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
WAREHOUSE, STORAGE Current
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5.2 ac
Current owner
From public records · entity-resolved
Snl 1430 South 3rd Street LLC
Entity
Mailing address
300 N LA SALLE DR STE #5450, CHICAGO, IL 60654-3448
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$11,700,000
Snl 1430 South 3rd Street LLC
Tsp Blackhawk LLC
Special Warranty Deed
$82,250,000 · Fidelity And Guaranty Life Insuranc
Sep 18, 2017
$7,849,124
Tsp Blackhawk LLC
Bre Delta Industrial Mw LLC
Trustees Deed
$83,947,500 · Miscellaneous Ins Co
Aug 11, 2017
$7,540,000
Bre Delta Industrial Mw LLC
Westcore Midwest LLC
Grant Deed
—
Jul 28, 2015
—
Westcore Midwest LLC
Westcore Delta LLC
Quit Claim Deed
related
$71,500,000 · Bank Of America
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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