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

    196 Mayfair Plz Shopping Ctr Florissant, MO 63033-8008

    • Strip malls
    • 55,085 SF
    • 10.54 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2025
    Value Estimations
    $2,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1141537
    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

    • Mayfair Plaza Shopping Center / Business Service Center / Corporate Office

    Property Details for 196 Mayfair Plz Shopping Ctr

    Year built
    2010
    Lot size
    10.54 lot acres
    Property size
    55,085 SF
    Zone code
    C-8
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    08F-6-1-059-1
    APU
    08F610591

    Description

    This exceptional value-add investment opportunity presents a 55,383-square-foot former grocery store located at 196 Mayfair Plaza Shopping Center, Florissant, Missouri 63033. Priced at $1,650,000 ($29.79/SF), this single-tenant, NNN-leased property offers significant upside potential. Currently at 6.5% occupancy, the property features a substantial 50,583 square foot former grocery space that can be subdivided, along with 3,600 square feet recently leased. The property boasts a prime location with high visibility and excellent signage, benefiting from its proximity to Highway 367 (27,412 vehicles per day) and Parker Road (8,400 vehicles per day). The surrounding area demonstrates strong demographics, including a population of 10,643 within a one-mile radius and a median household income of $68,170. This one-story building presents a unique chance to capitalize on a strong consumer base and create a thriving retail destination. The property is offered for sale with a remaining lease term of zero years, providing immediate control and flexibility for the new owner. This is an ideal opportunity for an investor seeking a value-add project with substantial growth potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,125,000
      ML approach
      $2,155,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,945,000
      6.5%
      $3,640,000
      7%
      $3,380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,022,000
      Market price range: $978k - $3.56M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,385,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Florissant
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.233
    Latitude
    38.794
    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
    $207,188
    $734,750
    $936,030
    $1,670,780
    -
    $2,296,100
    $2,925,100
    $5,221,200

    Comparable in this City

    • Value Estimation
      $790,000
      18,000 SF

      11601 Florissant Ave

      SHOPPING CENTER, STRIP CENTER • 18,000 SF
      11601 Florissant Ave, Florissant, MO 63033-6711
      View Details
    • Value Estimation
      $855,000
      16,520 SF

      3 Flower Vly Shopping Ctr

      SHOPPING CENTER, STRIP CENTER • 16,520 SF
      3 Flower Vly Shopping Ctr, Florissant, MO 63033
      View Details
    • Value Estimation
      $4,305,000
      35,426 SF

      6801 Parker Rd

      SHOPPING CENTER, STRIP CENTER • 35,426 SF
      6801 Parker Rd, Florissant, MO 63033-5312
      View Details
    • Value Estimation
      $1,165,000
      27,270 SF

      11653 Florissant Ave

      SHOPPING CENTER, STRIP CENTER • 27,270 SF
      11653 Florissant Ave, Florissant, MO 63033
      View Details
    • Value Estimation
      $3,320,000
      60,903 SF

      175 Flower Vly Shopping Ctr

      SHOPPING CENTER, STRIP CENTER • 60,903 SF
      175 Flower Vly Shopping Ctr, Florissant, MO 63033-1643
      View Details
    • Value Estimation
      $910,000
      18,083 SF

      2710 Hwy 67

      SHOPPING CENTER, STRIP CENTER • 18,083 SF
      2710 Hwy 67, Florissant, MO 63033-1402
      View Details

    Similar Nearby for Sale

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      Jiffy Lube Investment Opportunity

      NNN single tenant auto service property with 2% annual rent increases.
      1755 N New Florissant Rd, Florissant, MO 63033
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    • $2,800,000
      1.50 Acres

      Prime Florissant Commercial Land

      1.5-1.75 Acres, High Visibility
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      Retail Investment Opportunity in Black Jack

      Two updated retail units in high-traffic Black Jack location.
      75 Black Jack Ct, Black Jack, MO 63033
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      772 SF

      Retail Investment Opportunity in Florissant

      772 SF retail building in Florissant, MO for sale.
      2182 Highway 67 N, Florissant, MO 63033
      View Details
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      25,000 SF

      Florissant Retail Opportunity

      Strategic location in North St. Louis County with excellent connectivity.
      11655 New Halls Ferry Rd, Florissant, MO 63033
      View Details
    • Contact for pricing
      135,197 SF

      Freestanding Retail Building in Florissant

      Single-tenant retail building in a high-traffic retail corridor.
      3180 Hwy North, Florissant, MO 63033
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,680 SF

      Regional Shopping Center Retail Space

      Retail space in a regional shopping center with high visibility.
      11200 W Florissant Ave, Florissant, MO 63033
      View Details
    • $15 SF/Yr
      1,750 SF

      Retail Space in Regional Center

      Retail space available in a high-traffic regional shopping center.
      11208-11314 W Florissant Ave, Florissant, MO 63033
      View Details
    • Contact for pricing
      32,019 SF

      Florissant Retail Center Opportunity

      Prime Retail Space Available in Florissant, MO
      3501 Dunn Rd, Florissant, MO 63033
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Florissant Center

      Retail space available in a busy Florissant shopping center.
      14015 New Halls Ferry Rd, Florissant, MO 63033
      View Details
    • Contact for pricing
      54,160 SF

      Retail Space in Florissant Center

      Retail space for lease with strong co-tenancy and visibility.
      2393-2435 Highway 67 N, Florissant, MO 63033
      View Details
    • Contact for pricing
      339,464 SF

      Shoppes at Cross Keys Retail Space

      High-traffic Florissant retail center; spaces available.
      13897 New Halls Ferry Rd, Florissant, MO 63033
      View Details
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    Florissant, MO 63033-8008
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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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