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Property profile & analytics
OFF-MARKET
Estimated value
$9,475,000
Retail space
2340 Millpark Dr Maryland Heights, MO 63043-3530
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US48-0441293
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
WOOD
Total area
117,435 SF
Lot
7.58 ac (330,185 SF)
Zoning code
104M-1
APN
15N-6-4-008-9
UPID
US48-0441293
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
$9.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.93M
Blend (final)
Blend
$9.48M
Owner & transaction history
Brands Re Mo LLC · 3 yrs held
Brands Re Mo LLC
since 2022
Last sale
$8.5M
5 recorded transactions
Zoning & alternative use
104M-1 · Maryland Heights, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code.25 11.Schedule of District Regulations
Top alternative use upside
Office building
$14.3M
+50.3%
Medical building
$14.3M
+49.8%
Neighborhood: shopping center
$11.7M
+22.6%
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 Maryland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maryland Heights 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
$10,060,000
ML approach
$9,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,530,000
Current use
OFFICE BUILDING
$14,320,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$14,270,000
Change: +50% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,680,000
Change: +23% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$9,350,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,275,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$9.48M
Range $8.53M – $10.42M · ±10% · vs last sale $8.50M (Sep 9 2022)
Last sale anchor
$8.50M
Sep 9 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
$81 / 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
$281,936
Tax year 2023
Assessed value
$2,720,000
Assessed 2023
Previous assessed
$1,585,820
+71.5% YoY
Effective rate
10.37%
On assessed value
Assessed land
$422,620
Assessed improvement
$2,297,380
Land market value
$1,320,700
Improvement market value
$7,179,300
Total market value
$8,500,000
Applied tax rate
126.0000
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
1995
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
3
Rooms
11
Total area
117,435 SF
Lot
7.58 ac (330,185 SF)
Zoning code
104M-1
APN
15N-6-4-008-9
UPID
US48-0441293
Jurisdiction
ST LOUIS
Zoning & alternative use
104M-1 · Maryland Heights, MOZoning 104M-1 · permitted uses
104M-1 · Maryland Heights, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code.25 11.Schedule of District Regulations
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.5M
OFFICE BUILDING
Est. value
$14.3M
MEDICAL BUILDING
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
INDUSTRIAL (GENERAL)
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1995
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Rooms
11
Lot
7.58 ac
Current owner
From public records · entity-resolved
Brands Re Mo LLC
Entity
Mailing address
215 WASHINGTON AVE, BALTIMORE, MD 21204-4743
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
—
Brands Re Mo LLC
—
Deed
related
$20,000,000 · Cfg Community Bank
Sep 9, 2022
$8,500,000
Brands Re Mo LLC
D & D Distributors Lllp
Special Warranty Deed
$8,725,000 · Cfg Community Bank
Jan 13, 2021
—
D & D Distributors Lllp
—
Deed
related
$80,000,000 · Pnc Bk
Sep 16, 2005
$5,800,000
Distributors Lllp
Grey Eagle Distributors INC
Grant Deed
$51,000,000 · Bank Of America
—
—
D & D Distributors Lllp
—
Deed Of Trust
related
$80,000,000 · Pnc 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.
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