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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Manufacturing properties
2360 59th St Saint Louis, MO 63110-2812
Entity Owned
4-yr Hold
Free & Clear
Property ID
US48-0095745
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
CONCRETE
Total area
20,156 SF
Lot
1.07 ac (46,783 SF)
Zoning code
J
APN
404900-00200
UPID
US48-0095745
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
-
Midland Optical Ophthalmologist (Bike/Boat/Book/etc) Store
-
St. Louis Contract Embroidery Production Facility Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.35M
Owner & transaction history
Cap America Marketing INC · 4 yrs held
Cap America Marketing INC
since 2021
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
J · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+50.6%
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 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
$1,505,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,370,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,060,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.20M (Sep 14 2021)
Last sale anchor
$1.20M
Sep 14 2021
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
$67 / 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
$19,131
Tax year 2023
Assessed value
$199,300
Assessed 2023
Previous assessed
$199,300
+0.0% YoY
Effective rate
9.60%
On assessed value
Assessed land
$33,400
Assessed improvement
$165,900
Land market value
$104,300
Improvement market value
$518,287
Total market value
$622,587
Applied tax rate
10.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
YES
Stories
1
Units
1
Total area
20,156 SF
Lot
1.07 ac (46,783 SF)
Zoning code
J
APN
404900-00200
UPID
US48-0095745
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Construction
CONCRETE
Heating
YES
Stories
1
Units
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Cap America Marketing INC
Entity
Free & Clear · 4 yrs held
Mailing address
1 CAP AMERICA DR, FREDERICKTOWN, MO 63645-6102
Ownership since
2021
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
Aug 9, 2022
—
Cap America Marketing INC
—
Deed
related
$1,450,000 · Commerce Bank
Sep 14, 2021
$1,195,000
Cap America Marketing INC
Smi Enterprises LLC
Special Warranty Deed
—
Mar 19, 2002
—
Smi Enterprises LLC
W & D Enterprises
Grant Deed
$522,191 · Cit Lending Services Corp
—
—
Smi Enterprises LLC
—
Deed Of Trust
related
$422,317 · Cit Lending Services Corp
—
—
Smi Enterprises LLC
—
Deed Of Trust
related
$434,000 · St Louis Local Development Co
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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