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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16957 Manchester Rd Grover, MO 63040-1209

    • Retail space
    • 3,320 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2023
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0238339
    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

    • Nettie White Interiors / Interior Designer
    • The Porch in Wildwood / Interior Designer / Furniture Store
    • Take Me Back Skincare / Skin Care Clinic

    Property Details for 16957 Manchester Rd

    Year built
    1913
    Construction
    FRAME
    Lot size
    0.33 lot acres
    Property size
    3,320 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    24V-5-1-026-5
    APU
    24V510265

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $363,000
      Market price range: $362k - $742k
      AI Estimate
      $236,000
      Market price range: $136k - $556k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $520,000
      Current use
      OFFICE BUILDING
      $495,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $470,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Grover
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.6368
    Latitude
    38.5764
    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
    $7,048
    $20,960
    $61,080
    $82,040
    -
    $65,500
    $226,100
    $291,600

    Comparable in this City

    • Value Estimation
      $695,000
      5,494 SF

      150 Plz Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,494 SF
      150 Plz Dr, Grover, MO 63040
      View Details
    • Value Estimation
      $6,185,000
      40,092 SF

      16795 Main St

      RETAIL STORES (PERSONAL SERVICES) • 40,092 SF
      16795 Main St, Grover, MO 63040
      View Details
    • Value Estimation
      $490,000
      3,028 SF

      16943 Manchester Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,028 SF
      16943 Manchester Rd, Grover, MO 63040-1209
      View Details
    • Value Estimation
      $340,000
      1,848 SF

      17249 Manchester Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,848 SF
      17249 Manchester Rd, Grover, MO 63040-1004
      View Details
    • Value Estimation
      $545,000
      12,797 SF

      16935 Manchester Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,797 SF
      16935 Manchester Rd, Grover, MO 63040-1209
      View Details
    • Value Estimation by Request
      5,429 SF

      174 Plaza Dr

      Individual retail properties • 5,429 SF
      174 Plaza Dr, Wildwood, MO 63040
      View Details

    Similar Nearby for Sale

    • $550,000
      2,300 SF

      Former Restaurant with Development Potential

      Well-known former restaurant site with land for development.
      17250 Manchester Rd, Wildwood, MO 63040
      View Details
    • $1,355,800

      2.49 Acre Commercial Land

      2.49 acre lot zoned NU in Wildwood Workplace District.
      2616 Highway 109, Grover, MO 63040
      View Details
    • $1,084,644
      2.49 Acres

      Wildwood Commercial Land - Highway 109

      2.49-acre commercial lot, prime Wildwood location.
      2616 Mo-109, Wildwood, MO 63040
      View Details
    • $2,515,590

      10.5 Acre Land Assemblage

      10.5 acre land assemblage in Wildwood Town Center.
      17115-17135 Manchester Rd, Grover, MO 63040
      View Details
    • $1,395,000
      6.06 Acres

      Grover Land For Development

      6.06 acres for senior living, multi-family, or retail.
      2400 Pond Rd, Grover, MO 63040
      View Details
    • $265,000

      Prime Development Land Available

      Approximately 1 acre lot, excellent development site.
      16800 Manchester Rd, Grover, MO 63040
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      35,808 SF

      Wildwood Town Center Office Space

      Prime Wildwood, MO office suites available
      16721-16759 Main St, Wildwood, MO 63040
      View Details
    • Contact for pricing
      108,200 SF

      Wildwood Crossing Retail Center

      Prime Wildwood, MO Shopping Center Space Available
      16580 Manchester Rd, Wildwood, MO 63040
      View Details
    • $20 SF/Yr
      1,818 SF

      Office Suites For Rent

      Office suites available with building signage and ample parking.
      151-183 Plaza Dr, Wildwood, MO 63040
      View Details
    • $19 SF/Yr
      2,230 SF

      Wildwood Office Space for Rent

      2,230 SF office space with abundant natural light.
      16962-16966 Manchester Rd, Wildwood, MO 63040
      View Details
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    16957 Manchester Rd
    Grover, MO 63040-1209
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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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