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    Property profile & analytics

    2252 Pitman Ave Wentzville, MO 63385-3713

    • Auto shops
    • 27,000 SF
    • 6.06 lot acres
    OFF-MARKET
    Value Estimations
    $2,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3308420
    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

    • Auto shops

    Property Details for 2252 Pitman Ave

    Year built
    1998
    Lot size
    6.06 lot acres
    Property size
    27,000 SF
    Zone code
    AE8
    Property type
    Auto shops
    APN
    4-0051-8080-00-0002.0000000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,834,000
      Market price range: $2.47M - $8.17M
      AI Estimate
      $2,834,000
      Market price range: $2.47M - $8.17M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,680,000
      Current use
      OFFICE BUILDING
      $3,780,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wentzville
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.8025
    Latitude
    38.8067
    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
    $512,939
    -
    $534,547
    $1,068,387
    $1,602,934

    Comparable in this City

    • Value Estimation
      $1,180,000
      5,461 SF

      2 Jiffy St

      AUTO REPAIR, GARAGE • 5,461 SF
      2 Jiffy St, Wentzville, MO 63385-1094
      View Details
    • Value Estimation by Request
      2,340 SF

      1579 Josephville Rd

      AUTO REPAIR, GARAGE • 2,340 SF
      1579 Josephville Rd, Wentzville, MO 63385-3010
      View Details
    • Value Estimation
      $1,780,000
      13,200 SF

      1125 Callahan Rd

      AUTO REPAIR, GARAGE • 13,200 SF
      1125 Callahan Rd, Wentzville, MO 63385-4700
      View Details
    • Value Estimation by Request
      1,884 SF

      15380 Veterans Memorial Pkwy

      AUTO REPAIR, GARAGE • 1,884 SF
      15380 Veterans Memorial Pkwy, Wentzville, MO 63385-4431
      View Details
    • Value Estimation by Request
      1,333 SF

      23 Hwy D D

      AUTO REPAIR, GARAGE • 1,333 SF
      23 Hwy D D, Wentzville, MO 63385
      View Details
    • Value Estimation
      $815,000
      7,436 SF

      St Charles St

      AUTO REPAIR, GARAGE • 7,436 SF
      St Charles St, Wentzville, MO 63385
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,364 SF

      Wentzville Valvoline NNN Investment Property

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      Wentzville Mixed-Use Development Opportunity

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      2,817 SF

      Wentzville Retail Opportunity For Sale

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      New Retail Development in Wentzville

      New retail development in mixed-use area near Wentzville Parkway.
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    • $714,000
      21.00 Acres

      Wentzville Farm with Pasture

      21 acres of pasture and woods near Flint Hill.
      21 Acres Hwy, Wentzville, MO 63385
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    • $159,500
      Pending

      Wentzville Acreage Homesites Available

      Residential land for custom home in emerging Wentzville community.
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    Similar Nearby for Lease

    • Contact for pricing

      Office/Garage Building with Outdoor Storage

      2,000 SF office/garage on 2 acres of paved storage.
      12542 Veterans Memorial Pkwy, Wentzville, MO 63385
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      12,000 SF

      Retail Space on West Pearce

      Prime retail or office space in Wentzville, Missouri.
      712 W Pearce Blvd, Wentzville, MO 63385
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    • Contact for pricing

      Retail Space with High Visibility

      Retail bays and outparcels available with immediate I-70 access.
      1260 W Pearce Blvd, Wentzville, MO 63385
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    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease.
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      View Details
    • Contact for pricing
      2,160 SF

      Retail/Flex Space with Loading

      2,160 SF retail/flex space with highway-visible signage available.
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      View Details
    • $1,750 /Mo
      8,500 SF

      Wentzville Retail or Office Space

      Flexible 1,500 SF retail or office space available for lease.
      950 Corporate Pkwy, Wentzville, MO 63385
      View Details
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    2252 Pitman Ave
    Wentzville, MO 63385-3713
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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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