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    Property profile & analytics

    1515 Page Industrial Blvd Saint Louis, MO 63132-1309

    • Retail space
    • 14,534 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $1,875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0276657
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1515 Page Industrial Blvd

    Year built
    2010
    Construction
    WOOD
    Lot size
    0.77 lot acres
    Property size
    14,534 SF
    Zone code
    43M-1
    Property type
    Retail space
    APN
    16L-4-3-050-2
    APU
    16L430502

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,199,000
      Market price range: $1.08M - $2.20M
      AI Estimate
      $1,410,000
      Market price range: $588k - $1.41M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,515,000
      Current use
      COMMERCIAL (GENERAL)
      $2,645,000
      Change: +74% Conversion: Easy
      MEDICAL BUILDING
      $2,240,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $2,170,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,810,000
      Change: +19% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,485,000
      Change: -2% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.3862
    Latitude
    38.6868
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,262
    $49,250
    $364,450
    $413,700
    -
    $153,900
    $1,138,900
    $1,292,800

    Comparable in this City

    • Value Estimation
      $870,000
      10,962 SF

      9211 Olive Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,962 SF
      9211 Olive Blvd, Saint Louis, MO 63132-3203
      View Details
    • Value Estimation
      $1,750,000
      36,278 SF

      1322 Ashby Rd

      RETAIL STORES (PERSONAL SERVICES) • 36,278 SF
      1322 Ashby Rd, Saint Louis, MO 63132-1902
      View Details
    • Value Estimation
      $1,190,000
      17,231 SF

      1353 Baur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,231 SF
      1353 Baur Blvd, Saint Louis, MO 63132-1913
      View Details
    • Value Estimation
      $1,010,000
      16,656 SF

      10420 Baur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,656 SF
      10420 Baur Blvd, Saint Louis, MO 63132-1905
      View Details
    • Value Estimation
      $845,000
      7,400 SF

      1600 Fairview Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,400 SF
      1600 Fairview Ave, Saint Louis, MO 63132-1304
      View Details
    • Value Estimation
      $815,000
      10,349 SF

      1605 Fairview Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,349 SF
      1605 Fairview Ave, Saint Louis, MO 63132-1303
      View Details

    Similar Nearby for Sale

    • $550,000
      5,225 SF

      Overland Commercial Center on Page

      Versatile four-unit commercial center with high visibility.
      9560 Page Avenue Ext, Overland, MO 63132
      View Details
    • Contact for pricing
      0.56 Acres

      Prime Olivette Commercial Land

      High-traffic Olive Blvd lot, ideal for retail/office.
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      26,262 SF

      Two-Building Industrial Site For Sale

      Two-building industrial site totaling 43,187 SF on 3.31 acres.
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      46,237 SF

      Industrial Building with Outside Storage

      46,237 SF industrial building on 2.8 acres.
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    • $936,525

      Commercial Land on Page Avenue

      0.86 acre lot with high traffic frontage on Page.
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    • Contact for pricing
      58,631 SF

      Industrial Building in 39 North

      58,631 SF industrial building with office and heavy power.
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    Similar Nearby for Lease

    • Contact for pricing
      4,975 SF

      Office/Medical/Retail Space on Olive Boulevard

      Office, medical, or retail spaces available with ample parking.
      9270-9272 Olive Blvd, Saint Louis, MO 63132
      View Details
    • Contact for pricing
      1,390 SF

      Retail Space in Anchored Center

      Retail and restaurant spaces available in Saint Louis, MO.
      12583-12599 Olive Blvd, Saint Louis, MO 63132
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Anchored Center

      Retail and restaurant spaces available in Saint Louis, MO.
      12517-12581 Olive Blvd, Saint Louis, MO 63132
      View Details
    • $1,050 /Mo
      700 SF

      Commercial Space on Page Avenue

      700 SF commercial space ideal for office or retail.
      9558 Page Avenue Ext, Overland, MO 63132
      View Details
    • $9 SF/Yr
      12,020 SF

      Warson Commerce Center: Retail/Office Space

      St. Louis City retail & office opportunity.
      10401-10407 Baur Blvd, Olivette, MO 63132
      View Details
    • Contact for pricing
      6,777 SF

      St. Louis Retail Space for Lease

      Prime 6,777 SF Retail Building
      9550 Page Ave St, St. Louis, MO 63132
      View Details
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    Saint Louis, MO 63132-1309
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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