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

    215 Old Meramec Sta Rd Manchester, MO 63021-5310

    • Retail space
    • 5,736 SF
    • 1.45 lot acres
    OFF-MARKET
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0210582
    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

    • Retail space

    Property Details for 215 Old Meramec Sta Rd

    Year built
    1968
    Lot size
    1.45 lot acres
    Property size
    5,736 SF
    Zone code
    94C-1
    Property type
    Retail space
    APN
    23Q-4-4-153-8
    APU
    23Q441538

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,285,000
      6.5%
      $1,185,000
      7%
      $1,100,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $719,000
      Market price range: $209k - $1.05M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $900,000
      Current use
      OFFICE BUILDING
      $855,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $815,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.5125
    Latitude
    38.5916
    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
    $0.00
    $141,470
    $178,110
    $319,580
    -
    $442,100
    $556,600
    $998,700

    Comparable in this City

    • Value Estimation by Request

      206 Old State Rd, Unit 2

      RETAIL STORES (PERSONAL SERVICES)
      206 Old State Rd, Ballwin, MO 63021
      View Details
    • Value Estimation
      $1,075,000
      10,400 SF

      2222 Mason Ln

      RETAIL STORES (PERSONAL SERVICES) • 10,400 SF
      2222 Mason Ln, Ballwin, MO 63021-7801
      View Details
    • Value Estimation
      $825,000
      3,879 SF

      255 Old State Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,879 SF
      255 Old State Rd, Ellisville, MO 63021-5912
      View Details
    • Value Estimation by Request
      4,800 SF

      16011 Ruck Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      16011 Ruck Rd, Ellisville, MO 63021-4502
      View Details
    • Value Estimation
      $970,000
      10,772 SF

      16175 Westwoods Business Park

      RETAIL STORES (PERSONAL SERVICES) • 10,772 SF
      16175 Westwoods Business Park, Ellisville, MO 63021-4505
      View Details
    • Value Estimation
      $970,000
      7,034 SF

      16388 Westwoods Business Park

      RETAIL STORES (PERSONAL SERVICES) • 7,034 SF
      16388 Westwoods Business Park, Ellisville, MO 63021-4522
      View Details

    Similar Nearby for Sale

    • $1,497,000
      8,700 SF

      Versatile Restaurant/Venue Opportunity

      5,700 SF restaurant/venue space near Manchester Road.
      110 Old Meramec Station Rd, Wildwood, MO 63021
      View Details
    • $1,200,000
      1.81 Acres

      Prime Ballwin Commercial Land

      1.8 Acres, High Visibility, Hwy 141
      1015 Meramec Station Rd, Ballwin, MO 63021
      View Details
    • $225,000

      Ellisville Condo with Updated Features

      Spacious, updated condo with 4 bedrooms, great location, and modern amenities.
      330 Carmel Woods Dr, Ellisville, MO 63021
      View Details
    • $2,650,000

      Scenic Land in Wildwood

      81.34 +/- acres with stunning views in Wildwood, MO.
      1115 Ridge Rd, Wildwood, MO 63021
      View Details
    • $840,000
      5,925 SF

      Westwoods Business Park Warehouse/Office

      Well-maintained building with office and warehouse space for sale.
      16149 Westwoods Business Park, Ellisville, MO 63021
      View Details
    • $940,000
      2.83 Acres

      Ballwin Land Development Opportunity

      2.83 acres in Ballwin, MO, with residential and commercial potential.
      514 Meramec Station Rd, Ballwin, MO 63021
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      2,250 SF

      Retail Space on Old State

      Retail space with high ceilings and shared dock access.
      419 Old State Rd, Ellisville, MO 63021
      View Details
    • Contact for pricing
      1,260 SF

      Retail Space on Manchester Road

      Retail space with high visibility and ample parking.
      1250-1288 Old Orchard Ctr, Ballwin, MO 63021
      View Details
    • Contact for pricing
      71,682 SF

      1393 Big Bnd Blvd

      Individual retail properties • 71,682 SF
      1393 Big Bnd Blvd, Ballwin, MO 63021
      View Details
    • Contact for pricing
      31,953 SF

      Old Orchard Shopping Center: Retail Space

      Prime Retail Space, Manchester Road, High Visibility
      1250 Old Orchard Ctr, Ballwin, MO 63021
      View Details
    • $8 SF/Yr
      9,800 SF

      9,800 SF Flex Space Available

      Prime West County location, high-traffic area.
      120 Old Meramec Sta Rd, Ballwin, MO 63021
      View Details
    • $20 SF/Yr
      12,198 SF

      Renovated Office Space Available

      Office space with renovated lobbies, cafe, and ample parking.
      13545 Barrett Parkway Dr, Ballwin, MO 63021
      View Details
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    215 Old Meramec Sta Rd
    Manchester, MO 63021-5310
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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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