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    204 Pitman St O Fallon, MO 63366-2869
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    Property profile & analytics

    204 Pitman St, O Fallon, MO 63366-2869

    View on Map
    • Super regional malls
    • 6,000 SF
    • 0.67 lot acres
    Off-Market
    Last Sale Nov 12, 2021
    $510,000
    Property ID
    US48-0496329
    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.
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 212 Club / Nightclub / Music Venue
    • First Capital Mortgage Services Inc / Loan Service / Bank
    • O'Fallon Developmental / Medical Clinic
    • All Trades Restoration Services / Construction Company / General Contractor
    • Dr. Jeffrey Becker / Alternative Medicine Practice

    Property Details for 204 Pitman St

    Year built
    1979
    Lot size
    0.67 lot acres
    Zone code
    AB2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    2-057A-S029-00-0085.0000000
    APU
    2057AS0290000850000000

    Description

    This exceptional 6,000 square foot executive office building in St. Charles County is now available for lease. The entire building, comprising a single, expansive suite, offers unparalleled flexibility for a variety of business needs. With ample parking readily available on-site, employee and client convenience is prioritized. The property boasts a recently updated façade, presenting a modern and professional image. Its strategic location provides easy access to Highway 70, ensuring seamless commutes for your team and clients. The building's total square footage is 6,000 square feet, currently entirely vacant and ready for immediate occupancy. This presents a unique opportunity to customize the space to perfectly match your company's specific requirements. The property is categorized as a multi-tenant building, although the entire space is currently available as one large suite. This allows for a single tenant to occupy the entire building, or the possibility of subdividing the space for multiple tenants in the future. The building's modern exterior and convenient location make it an ideal choice for businesses seeking a high-profile presence in St. Charles County. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this prime location. Don't miss this chance to secure this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $764,000
      Market price range: $574k - $1.02M
      AI Estimate
      $764,000
      Market price range: $574k - $1.02M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $850,000
      Current use
      AUTO REPAIR, GARAGE
      $1,040,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $1,000,000
      Change: +18% Conversion: Easy
      OFFICE BUILDING
      $850,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    O Fallon
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.7018
    Latitude
    38.8065
    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
    0
    $0.00
    $0.00
    $0.00
    $166,228
    -
    $74,786
    $444,678
    $519,464

    Comparable in this City

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      8621 Mexico Rd

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    • Value Estimation
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      14,060 SF

      608 Main St

      REGIONAL SHOPPING CENTER, MALL
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    • Value Estimation by Request
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      211 Elm St

      REGIONAL SHOPPING CENTER, MALL
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      O'Fallon Retail Space Available

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      2.89 acres zoned C-3 Highway Commercial suitable for various uses.
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      Highway Commercial Land with House

      2.89 acres zoned C-3 Highway Commercial with 1433sf house.
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      Retail space anchored by a proposed multi-sport complex.
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      5,000 SF

      O'Fallon Retail Ready for Occupancy

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    O Fallon, MO 63366-2869
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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.

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