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Property profile & analytics
OFF-MARKET
Estimated value
$11,610,000
Warehouses
230 Carondelet Cmns Blvd 246 Saint Louis, MO 63111-3814
Entity Owned
4-yr Hold
Free & Clear
Property ID
US48-2754120
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
STEEL FRAME
Total area
124,890 SF
Lot
9.68 ac (421,835 SF)
Zoning code
J
APN
325900-00451
UPID
US48-2754120
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.07M
CAP Approach
CAP
$9.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.61M
Owner & transaction history
Eg St Louis River City 1 LLC · 4 yrs held
Eg St Louis River City 1 LLC
since 2022
Last sale
$12.8M
2 recorded transactions
Zoning & alternative use
J · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.2M
+118.6%
Office building
$18.7M
+111.9%
Auto repair, garage
$15.6M
+76.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Louis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Louis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$13,315,000
ML approach
$10,070,000
CAP Approach
CAP Return
Estimation
6%
$9,935,000
6.5%
$9,170,000
7%
$8,515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,800,000
Current use
MEDICAL BUILDING
$19,245,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$18,650,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,575,000
Change: +77% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,765,000
Change: +45% · Conversion: Moderate
RETAIL STORES
$12,740,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$11.61M
Range $10.45M – $12.77M · ±10% · vs last sale $12.75M (Apr 15 2022)
Last sale anchor
$12.75M
Apr 15 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$72,676
Tax year 2023
Assessed value
$236,200
Assessed 2023
Previous assessed
$236,200
+0.0% YoY
Effective rate
30.77%
On assessed value
Assessed land
$236,200
Land market value
$738,200
Total market value
$738,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
124,890 SF
Lot
9.68 ac (421,835 SF)
Zoning code
J
APN
325900-00451
UPID
US48-2754120
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
J · Saint Louis, MO
Zoning J · permitted uses
J · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Louis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$19.2M
OFFICE BUILDING
Est. value
$18.7M
AUTO REPAIR, GARAGE
Est. value
$15.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
RETAIL STORES
Est. value
$12.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
9.68 ac
Current owner
From public records · entity-resolved
Eg St Louis River City 1 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1133 CAMELBACK ST UNIT #12678, NEWPORT BEACH, CA 92658-1480
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
$12,750,000
Eg St Louis River City 1 LLC
Green Street Carondelet Investors L
Special Warranty Deed
—
—
—
Green Street Carondelet Invtrs
—
Deed Of Trust
related
$5,500,000 · Midwest Reg'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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