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Property profile & analytics
OFF-MARKET
Estimated value
$9,500,000
Office buildings
231 Lockwood Ave Saint Louis, MO 63119-2956
Entity Owned
2-yr Hold
Free & Clear
Property ID
US48-3208574
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
FRAME
Total area
85,438 SF
Lot
1.55 ac (67,344 SF)
Zoning code
E
APN
22L-3-2-182-7
UPID
US48-3208574
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
Current use
Occupant on record · Public records
-
Howard Electrical Contracting Electrical Service General Contractor
-
Erica L. Timmermann, MS Physician
-
Mc Callum Kimberli E MD Physician
-
Denise L. Stoesz, PLPC Counselor Doctor
-
Heather Barcroft, PLPC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.93M
Blend (final)
Blend
$9.50M
Owner & transaction history
Mccallum Group LLC · 2 yrs held
Mccallum Group LLC
since 2024
Last sale
$9.5M
5 recorded transactions
Zoning & alternative use
E · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.5M
+21.8%
Retail stores
$15.1M
+18.0%
Medical building
$13.2M
+3.2%
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
$9,500,000
ML approach
$9,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,760,000
Current use
COMMERCIAL (GENERAL)
$15,545,000
Change: +22% · Conversion: Easy
RETAIL STORES
$15,060,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$13,165,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,655,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$9.50M
Range $8.55M – $10.45M · ±10% · vs last sale $9.50M (Mar 19 2024)
Last sale anchor
$9.50M
Mar 19 2024
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
$111 / 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
$112,984
Tax year 2023
Assessed value
$1,184,000
Assessed 2023
Previous assessed
$1,192,960
-0.8% YoY
Effective rate
9.54%
On assessed value
Assessed land
$258,590
Assessed improvement
$925,410
Land market value
$808,100
Improvement market value
$2,891,900
Total market value
$3,700,000
Applied tax rate
134.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Total area
85,438 SF
Lot
1.55 ac (67,344 SF)
Zoning code
E
APN
22L-3-2-182-7
UPID
US48-3208574
Jurisdiction
ST LOUIS
Zoning & alternative use
E · Saint Louis, MO
Zoning E · permitted uses
E · 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
OFFICE BUILDING Current
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$15.5M
RETAIL STORES
Est. value
$15.1M
MEDICAL BUILDING
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$10.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1980
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
1.55 ac
Current owner
From public records · entity-resolved
Mccallum Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6100 TOWER CIR STE #1000, FRANKLIN, TN 37067-1509
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
$9,500,000
Mccallum Group LLC
Jhc Reliable Building LLC
Warranty Deed
—
Sep 24, 2008
$6,635,108
Jhc Reliable Building LLC
Webster Crossing LLC
Warranty Deed
$22,560,000 · Regions Bank
Jun 17, 2005
$3,400,000
Webster Crossing LLC
Reliable Life Insurance
Grant Deed
$3,600,000 · Business Bank Of St Louis
—
—
Regions Bk
—
Deed Of Trust
related
$12,200 · Lsref2 Baron Trust 2011 (ct)
—
—
Webster Crossing LLC
—
Deed Of Trust
related
$250,000 · Regions Bank
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.
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