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

    2200 59th St Saint Louis, MO 63110-2810

    • Office Properties & Spaces
    • 4,500 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3352661
    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

    • The Pasta House Catering Co. / Caterer / Italian Restaurant

    Property Details for 2200 59th St

    Year built
    1959
    Construction
    CONCRETE BLOCKS
    Lot size
    0.34 lot acres
    Property size
    4,500 SF
    Zone code
    J
    Property type
    Office Properties & Spaces
    APN
    464600-00150
    APU
    46460000150

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $815,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $469,000
      Market price range: $223k - $900k

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    Saint Louis City
    State
    Missouri
    Longitude
    -90.2845
    Latitude
    38.6155
    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
    $9,667
    $16,500
    $84,200
    $100,700
    -
    $51,500
    $263,200
    $314,700

    Comparable in this City

    • Value Estimation
      $770,000
      6,600 SF

      1640 Kingshighway Blvd

      OFFICE (GENERAL) • 6,600 SF
      1640 Kingshighway Blvd, Saint Louis, MO 63110-2230
      View Details
    • Value Estimation
      $870,000
      6,050 SF

      5457 Highland Park Dr

      OFFICE (GENERAL) • 6,050 SF
      5457 Highland Park Dr, Saint Louis, MO 63110-1313
      View Details
    • Value Estimation
      $860,000
      7,020 SF

      1202 Vandeventer Ave, Unit 1212

      OFFICE (GENERAL) • 7,020 SF
      1202 Vandeventer Ave, Saint Louis, MO 63110-3808
      View Details
    • Value Estimation
      $4,530,000
      22,089 SF

      4649-4653 Shaw Blvd

      OFFICE (GENERAL) • 22,089 SF
      4649-4653 Shaw Blvd, Saint Louis, MO 63110
      View Details
    • Value Estimation by Request
      935 SF

      4547 Clayton Ave

      OFFICE (GENERAL) • 935 SF
      4547 Clayton Ave, Saint Louis, MO 63110-1501
      View Details
    • Value Estimation
      $7,760,000
      38,317 SF

      4220 Duncan Ave

      OFFICE (GENERAL) • 38,317 SF
      4220 Duncan Ave, Saint Louis, MO 63110-1100
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      63,369 SF

      St. Louis Office Building For Sale

      63,369 SF office building in a strategic St. Louis location.
      St, Louis, MO 63110
      View Details
    • $1,650,000
      29,837 SF

      Botanical Heights Office Building

      Large office building in Botanical Heights with gated parking.
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    • $1,050,000
      3,826 SF

      St. Louis Retail Building - The Wedge

      Prime Retail Space, Vacant, 3826 SF
      4014 Chouteau Ave St, St. Louis, MO 63110
      View Details
    • $350,000
      0.50 Acres

      St. Louis Restaurant - $350K

      Prime Restaurant Space, High Traffic Area.
      4920 Ave St, St. Louis, MO 63110
      View Details
    • $99,900
      0.06 Acres

      Residential Land in The Grove

      Land with approved plans for a customizable home.
      4368 Hunt Ave St, Louis, MO 63110
      View Details
    • $100,000
      0.07 Acres

      Forest Park Southeast Infill Lot

      Commercial land available for infill development in St Louis, MO.
      4483 Hunt Ave St, Louis, MO 63110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,352 SF

      Prime St. Louis Executive Office Space

      1,352 SF Executive Suite Available
      4200 Sarpy Ave St, St. Louis, MO 63110
      View Details
    • $16,800 /Mo
      3,300 SF

      Manchester Ave Executive Suites

      St. Louis Office Space For Lease
      4170 Manchester Ave St, St. Louis, MO 63110
      View Details
    • $15 SF/Yr
      2,282 SF

      St. Louis Executive Office Space

      Prime St. Louis Office, 2282 sq ft.
      3738 Chouteau Ave St, St. Louis, MO 63110
      View Details
    • Contact for pricing
      202,551 SF

      St. Louis Executive Office Suites

      Prime Cortex District Office Space, Multiple Suites Available
      4240 Duncan Ave St, St. Louis, MO 63110
      View Details
    • Contact for pricing
      172,000 SF

      4300 Duncan Ave St

      Coworking space • 172,000 SF
      4300 Duncan Ave St, St. Louis, MO 63110
      View Details
    • Contact for pricing
      30,000 SF

      Cortex K Office Space

      High-tech office space in Cortex Innovation District.
      4112 Clayton Ave, Saint Louis, MO 63110
      View Details
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    2200 59th St
    Saint Louis, MO 63110-2810
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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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