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

    2129 Pkwy Dr Saint Peters, MO 63376-6460

    • Turn key restaurants
    • 4,000 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Jul 05, 2022
    $500,000
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0788977
    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

    • Pattys Catering / Caterer
    • Halftime Pub & Grill / American Restaurant / Bar & Grill

    Property Details for 2129 Pkwy Dr

    Year built
    1977
    Lot size
    0.43 lot acres
    Property size
    4,000 SF
    Zone code
    AB6
    Property type
    Turn key restaurants
    APN
    6-0016-5308-00-0013.1000000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $508,000
      Market price range: $509k - $2.09M
      AI Estimate
      $508,000
      Market price range: $509k - $2.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peters
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.5734
    Latitude
    38.799
    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
    $104,232
    -
    $70,241
    $255,483
    $325,724

    Comparable in this City

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      10,603 SF

      70th N Service Rd

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      70th N Service Rd, Saint Peters, MO 63376
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    • Value Estimation
      $920,000
      7,216 SF

      Suemandy Dr

      RESTAURANT • 7,216 SF
      Suemandy Dr, Saint Peters, MO 63376
      View Details
    • Value Estimation
      $2,550,000
      8,920 SF

      5815 Suemandy Dr

      RESTAURANT • 8,920 SF
      5815 Suemandy Dr, Saint Peters, MO 63376-4327
      View Details
    • Value Estimation
      $2,565,000
      6,585 SF

      70th N Service Rd

      RESTAURANT • 6,585 SF
      70th N Service Rd, Saint Peters, MO 63376
      View Details
    • Value Estimation
      $1,790,000
      5,580 SF

      Mid Rivers Mall Cir

      RESTAURANT • 5,580 SF
      Mid Rivers Mall Cir, Saint Peters, MO 63376
      View Details
    • Value Estimation
      $2,275,000
      5,416 SF

      190 Mid Rivers Mall Cir

      RESTAURANT • 5,416 SF
      190 Mid Rivers Mall Cir, Saint Peters, MO 63376-4391
      View Details

    Similar Nearby for Sale

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      St. Peters Commercial Lot - Last Available

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      140,970 SF

      Mid Rivers Mall Retail Space

      Massive Vacant Retail Space, I-70 Access
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    • $1,150,000
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      St. Peters Retail/Office Building

      Multi-tenant retail/office building in prime location, suitable for investment.
      1236 Jungermann Rd, St Peters, MO 63376
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    • $375,000
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      Cottleville Commercial Property For Sale

      Well-located Cottleville property with high visibility and redevelopment potential.
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    • $899,000
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      St Peters Gas Station Opportunity

      Branded gas station with garage bays in high-traffic location.
      3949 Veterans Memorial Pkwy, St Peters, MO 63376
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      Highway Frontage Auto Shop

      Auto shop with highway frontage and drive-in doors.
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    Similar Nearby for Lease

    • Contact for pricing
      5,940 SF

      St. Peters Retail Space For Lease

      Prime Restaurant Location, 5,940 SF
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    • $11 SF/Yr
      51,213 SF

      St. Peters Towne Center Retail Space

      Prime St. Charles County retail space, multiple suites available.
      915 Jungermann Rd, St. Peters, MO 63376
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      2,316 SF

      Village Mall Retail Space

      St. Peters, MO retail spaces available.
      318 Mid Rivers Mall Dr, St. Peters, MO 63376
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    • Contact for pricing
      2,390 SF

      Restaurant Endcap with Drive-Thru

      Former restaurant with drive-thru available for lease.
      299 Salt Lick Rd, St Peters, MO 63376
      View Details
    • Contact for pricing
      1,089,090 SF

      1600 Mid Rivers Mall

      Lifestyle centers • 1,089,090 SF
      1600 Mid Rivers Mall, St. Peters, MO 63376
      View Details
    • Contact for pricing
      2,372 SF

      Restaurant with Drive-Thru Available

      Former restaurant location with drive-thru in St. Peters, MO.
      6090-6096 Mid Rivers Mall Dr, St Peters, MO 63376
      View Details
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    Saint Peters, MO 63376-6460
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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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