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

    1929-1931 12th St Saint Louis, MO 63104

    • Investment properties
    • 1,852 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jan 25, 2022
    $750,000
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    2.8%
    Investment properties
    Location Intelligence
    Property ID
    US48-0796303
    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

    • Investment properties

    Property Details for 1929-1931 12th St

    Year built
    1881
    Construction
    BRICK
    Lot size
    0.10 lot acres
    Property size
    1,852 SF
    Zone code
    G
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    067301-00820
    APU
    6730100820

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $785,000
      ML approach
      $760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $581,000
      Market price range: $213k - $635k

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    Saint Louis City
    State
    Missouri
    Longitude
    -90.2094
    Latitude
    38.6089
    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
    $6,711
    $9,600
    $56,400
    $66,000
    -
    $30,000
    $176,300
    $206,300

    Comparable in this City

    • Value Estimation
      $410,000
      2,780 SF

      718 Lafayette Ave, Unit 728

      OFFICE/RESIDENTIAL (MIXED USE) • 2,780 SF
      718 Lafayette Ave, Saint Louis, MO 63104-3818
      View Details
    • Value Estimation
      $380,000
      2,570 SF

      1903-1905 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,570 SF
      1903-1905 Park Ave, Saint Louis, MO 63104
      View Details
    • Value Estimation
      $385,000
      2,600 SF

      2001-2003 Menard St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      2001-2003 Menard St, Saint Louis, MO 63104
      View Details
    • Value Estimation by Request
      13,188 SF

      700 Carroll St, Unit 748

      OFFICE/RESIDENTIAL (MIXED USE) • 13,188 SF
      700 Carroll St, Saint Louis, MO 63104-3808
      View Details
    • Value Estimation
      $365,000
      1,008 SF

      2022-2024 12th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      2022-2024 12th St, Saint Louis, MO 63104
      View Details
    • Value Estimation
      $185,000
      2,139 SF

      2211 Gravois Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,139 SF
      2211 Gravois Ave, Saint Louis, MO 63104-2847
      View Details

    Similar Nearby for Sale

    • $380,000
      Pending

      Mixed-Use Property in Soulard Neighborhood

      Mixed-use property with retail, artist, and garage spaces.
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      Prime St. Louis Mixed-Use Building

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      Mixed-Use Property in St. Louis

      Mixed-use property with endless possibilities in St. Louis, Missouri.
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    • $529,000
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      Historic Mixed-Use Property in St. Louis

      Unique live-work or rental opportunity in historic St. Louis.
      1410 S 18Th St, Louis, MO 63104
      View Details
    • $1,750,000
      8,300 SF

      Grand Blvd Mixed-Use Redevelopment

      St. Louis, MO: 8,300 SF, High Potential
      1508 Grand Blvd St, St. Louis, MO 63104
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    • Contact for pricing
      60,000 SF

      Lafayette Square Redevelopment Opportunity

      60,000 SF Mixed-Use, Prime Location
      2345 Lafayette Ave St, St. Louis, MO 63104
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      71,164 SF

      St. Louis City Warehouse Space For Lease

      Midtown industrial space; flexible lease options.
      1120 Montrose Ave St, St. Louis, MO 63104
      View Details
    • $28 SF/Yr
      1,245 SF

      The Nicholas: St. Louis Retail Space

      Prime St. Louis retail, high visibility, tenant improvements.
      1500 Grand Blvd St, St. Louis, MO 63104
      View Details
    • $6 SF/Yr
      16,000 SF

      Jefferson Ave Retail Space

      St. Louis Retail Center - 5,170 SF Available
      1700 Jefferson Ave St, St. Louis, MO 63104
      View Details
    • Contact for pricing
      2,030 SF

      Prime St. Louis Retail Space

      Mixed-use, 2,030 sq ft available
      2001 Park Ave St, St. Louis, MO 63104
      View Details
    • $9 SF/Yr
      19,500 SF

      Soulard Office/Warehouse Space Available

      Versatile office and warehouse space in historic Soulard neighborhood.
      2322 S 7Th St, Louis, MO 63104
      View Details
    • Contact for pricing

      St. Louis Industrial Land Opportunity

      Three spaces, 3.72 acres, prime location.
      1022 Jefferson Ave St, St. Louis, MO 63104
      View Details
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    Saint Louis, MO 63104
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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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