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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Hotels
20 4th St Saint Louis, MO 63102-1809
Entity Owned
26-yr Hold
Free & Clear
Property ID
US48-0114190
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1966
Construction
STEEL FRAME
Total area
6,176 SF
Lot
0.23 ac (9,951 SF)
Zoning code
L
APN
008400-00400
UPID
US48-0114190
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carmine's Steak House Restaurant
-
Luther Ely Smith Square Park
-
Carmine's Florist St Louis | Flower Delivery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$540k
Owner & transaction history
Drury Development Corp · 26 yrs held
Drury Development Corp
since 2000
2 recorded transactions
Zoning & alternative use
L · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+149.2%
Commercial (general)
$680,000
+111.5%
Auto repair, garage
$635,000
+97.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Louis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Louis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
RESTAURANT
$800,000
Change: +149% · Conversion: Difficult
COMMERCIAL (GENERAL)
$680,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$475,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$140,717
Tax year 2023
Assessed value
$1,447,200
Assessed 2023
Previous assessed
$1,249,500
+15.8% YoY
Effective rate
9.72%
On assessed value
Assessed land
$63,700
Assessed improvement
$1,383,500
Land market value
$199,000
Improvement market value
$4,323,500
Total market value
$4,522,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
4
Total area
6,176 SF
Lot
0.23 ac (9,951 SF)
Zoning code
L
APN
008400-00400
UPID
US48-0114190
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
L · Saint Louis, MO
Zoning L · permitted uses
L · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Louis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$635,000
OFFICE BUILDING
Est. value
$500,000
MEDICAL BUILDING
Est. value
$475,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
Drury Development Corp
Entity
Free & Clear · 26 yrs held
Mailing address
13075 MANCHESTER RD #200, DES PERES, MO 63131-1836
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2014
—
Cs Gateway LLC
—
Grant Deed
related
$13,000,000 · Citizens Bk
Jun 16, 2000
—
Drury Development Corp
Cld Redevelopment Corp
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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