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    Property profile & analytics

    2 The Blvd Saint Louis Saint Louis, MO 63117-1122

    • Retail space
    • 13,232 SF
    • 2.48 lot acres
    OFF-MARKET
    Value Estimations
    $2,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0434180
    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

    • Maggiano's Little Italy / Take-out & Catering / Catering Service
    • It's Just Wings / Restaurant

    Property Details for 2 The Blvd Saint Louis

    Year built
    2010
    Lot size
    2.48 lot acres
    Property size
    13,232 SF
    Zone code
    49PDC
    Property type
    Retail space
    APN
    20K-5-4-154-3
    APU
    20K541543

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,965,000
      6.5%
      $2,740,000
      7%
      $2,545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,255,000
      Market price range: $1.49M - $3.26M
      AI Estimate
      $2,297,000
      Market price range: $1.15M - $2.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,380,000
      Current use
      RESTAURANT
      $3,665,000
      Change: +54% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,410,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $2,040,000
      Change: -14% Conversion: Difficult
      OFFICE BUILDING
      $1,975,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.3447
    Latitude
    38.6347
    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
    $362,774
    $489,160
    $3,873,530
    $4,362,690
    -
    $2,160,600
    $14,972,900
    $17,133,500

    Comparable in this City

    • Value Estimation
      $1,000,000
      5,950 SF

      1215 Big Bnd Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,950 SF
      1215 Big Bnd Blvd, Saint Louis, MO 63117-1613
      View Details
    • Value Estimation
      $730,000
      4,086 SF

      7353 Dl Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,086 SF
      7353 Dl Ave, Saint Louis, MO 63117-2241
      View Details
    • Value Estimation by Request
      823 SF

      7002 Clayton Ave

      RETAIL STORES (PERSONAL SERVICES) • 823 SF
      7002 Clayton Ave, Saint Louis, MO 63117
      View Details
    • Value Estimation
      $2,055,000
      9,850 SF

      7800 Clayton Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,850 SF
      7800 Clayton Rd, Saint Louis, MO 63117-1325
      View Details
    • Value Estimation
      $910,000
      4,677 SF

      7737 Clayton Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,677 SF
      7737 Clayton Rd, Saint Louis, MO 63117-1301
      View Details
    • Value Estimation by Request
      2,280 SF

      6321 Clayton Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      6321 Clayton Rd, Saint Louis, MO 63117-1808
      View Details

    Similar Nearby for Sale

    • $6,495,000
      8,500 SF

      Clayton Road Executive Offices

      St. Louis Office & Retail Complex
      8211-8221 Clayton Rd St, St. Louis, MO 63117
      View Details
    • $2,350,000
      7,200 SF

      Clayton Road Executive Office Building

      Prime Clayton location, 7,200 SF, $2.35M
      6369 Clayton Rd, Clayton, MO 63117
      View Details
    • Contact for pricing
      1,000 SF

      Prime Richmond Heights Office Space

      Spacious office suites in a high-visibility Richmond Heights location.
      1047 S Big Bend Blvd, Saint Louis, MO 63117
      View Details
    • $354,900
      Pending

      Richmond Heights Two-Family Brick Building

      Well-maintained duplex in Richmond Heights with modern updates and convenient location.
      1432 Woodland Dr, Richmond Heights, MO 63117
      View Details
    • $1,890,000
      5,380 SF

      Hi Pointe Place Creative Office

      St. Louis Creative Office, $1.89M
      1002 Hi Pointe Pl St, St. Louis, MO 63117
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    • $494,400
      900 SF

      Richmond Heights Duplex Investment Opportunity

      Two duplexes in Richmond Heights with value-add potential.
      1319 Woodland Dr St, Louis, MO 63117
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      97,747 SF

      Richmond Heights Retail Space

      Prime Clayton Rd storefront, 1,391 sq ft available.
      6600 Clayton Rd, Richmond Heights, MO 63117
      View Details
    • Contact for pricing
      4,744 SF

      Saint Louis Galleria Retail Opportunity

      Retail space available in top-performing Saint Louis Galleria.
      1150 Saint Louis Galleria, Saint Louis, MO 63117
      View Details
    • $13 SF/Yr
      1,658 SF

      Clayton Road Executive Office Suite

      1658 SF Office, High Visibility, Ample Parking
      7801 Clayton Rd, Clayton, MO 63117
      View Details
    • $40 SF/Yr
      1,837 SF

      Clarendale Clayton Retail Space

      Prime Clayton Retail Opportunity: 1,837 sq ft.
      0 Clarendale Clayton, Clayton, MO 63117
      View Details
    • $29 SF/Yr
      18,800 SF

      Clayton Road Executive Suites

      Prime St. Louis Office & Retail Space Available
      8211-8221 Clayton Rd St, St. Louis, MO 63117
      View Details
    • Contact for pricing
      31,908 SF

      Galleria Retail Spaces Available

      Prime St. Louis retail spaces, multiple sizes.
      1155 St Louis Galleria St, Richmond Heights, MO 63117
      View Details
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    2 The Blvd Saint Louis
    Saint Louis, MO 63117-1122
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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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