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Property profile & analytics
OFF-MARKET
Estimated value
$4,535,000
Retail space
234 Lockwood Ave Saint Louis, MO 63119-2309
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US48-0215835
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
23,002 SF
Lot
0.9 ac (39,030 SF)
Zoning code
64PC
APN
23L-6-4-095-4
UPID
US48-0215835
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
-
Jet's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.76M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$4.54M
Owner & transaction history
Wgre Holdings LLC · 1 yrs held
Wgre Holdings LLC
since 2025
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
64PC · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+57.1%
Commercial (general)
$4.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,155,000
6.5%
$4,760,000
7%
$4,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,055,000
Current use
RESTAURANT
$6,370,000
Change: +57% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,185,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$3,545,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$3,435,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.54M
Range $4.08M – $4.99M · ±10% · vs last sale $4.60M (Jan 11 2025)
Last sale anchor
$4.60M
Jan 11 2025
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
$197 / 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
$70,234
Tax year 2023
Assessed value
$736,000
Assessed 2023
Previous assessed
$736,000
+0.0% YoY
Effective rate
9.54%
On assessed value
Assessed land
$200,740
Assessed improvement
$535,260
Land market value
$627,300
Improvement market value
$1,672,700
Total market value
$2,300,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
23,002 SF
Lot
0.9 ac (39,030 SF)
Zoning code
64PC
APN
23L-6-4-095-4
UPID
US48-0215835
Jurisdiction
ST LOUIS
Zoning & alternative use
64PC · Saint Louis, MO
Zoning 64PC · permitted uses
64PC · 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
RETAIL STORES Current
Est. value
$4.1M
RESTAURANT
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Wgre Holdings LLC
Entity
Mailing address
PO BOX 220881, SAINT LOUIS, MO 63122-0881
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
$1,150,000
Wgre Holdings LLC
Jhc Reliable Building LLC
Warranty Deed
$4,942,500 · Triad Bank
Apr 11, 2025
$4,600,000
Wgre Holdings LLC
Jhc Old Webster Square LLC
Special Warranty Deed
$4,942,500 · Triad Bank
Apr 11, 2025
—
Wgre Holdings LLC
Jhc Old Webster Square LLC
Quitclaim Deed
related
—
Sep 24, 2008
$5,041,669
Jhc Old Webster Square LLC
Camenzind Webster LLC
Grant Deed
$22,560,000 · Regions Bank
Dec 28, 2004
$1,700,000
Camenzind Webster LLC
Reliable Life Insurance
Grant Deed
$1,733,309 · Midwest Bankcentre
Jan 17, 2001
—
Reliable Life Insurance Co
Redmond,timothy J
Grant Deed
related
—
—
—
Jhc Old Webster Square LLC
—
Deed Of Trust
related
$16,500,000 · Associated Bk
—
—
Regions Bk
—
Deed Of Trust
related
$12,200 · Lsref2 Baron Trust 2011 (ct)
—
—
Timothy J Redmond
—
Deed Of Trust
related
$19,000 · Firstar 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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