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Property profile & analytics
OFF-MARKET
Estimated value
$9,190,000
Retail properties & Spaces
2393 Hwy 67 Florissant, MO 63033-2033
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-3284751
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2005
Total area
101,391 SF
Lot
8.25 ac (359,370 SF)
Zoning code
24B5
APN
07J-3-4-042-3
UPID
US48-3284751
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.49M
Blend (final)
Blend
$9.19M
Owner & transaction history
Cft Nv Developments LLC · 1 yrs held
Cft Nv Developments LLC
since 2025
3 recorded transactions
Zoning & alternative use
24B5 · Florissant, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.4M
+46.8%
Medical building
$12.3M
+25.9%
Neighborhood: shopping center
$10.1M
+3.0%
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 Florissant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florissant 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,790,000
Current use
OFFICE BUILDING
$14,370,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$12,320,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,085,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,950,000
Change: -9% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,075,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$9.19M
Range $8.27M – $10.11M · ±10%
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
$91 / 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
$281,712
Tax year 2023
Assessed value
$2,535,390
Assessed 2023
Previous assessed
$2,534,850
+0.0% YoY
Effective rate
11.11%
On assessed value
Assessed land
$920,000
Assessed improvement
$1,615,390
Land market value
$2,875,000
Improvement market value
$5,048,100
Total market value
$7,923,100
Applied tax rate
111.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
101,391 SF
Lot
8.25 ac (359,370 SF)
Zoning code
24B5
APN
07J-3-4-042-3
UPID
US48-3284751
Jurisdiction
ST LOUIS
Zoning & alternative use
24B5 · Florissant, MO
Zoning 24B5 · permitted uses
24B5 · Florissant, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florissant. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.8M
OFFICE BUILDING
Est. value
$14.4M
MEDICAL BUILDING
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$9.0M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
8.25 ac
Current owner
From public records · entity-resolved
Cft Nv Developments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
450 S ORANGE AVE N STE #900, ORLANDO, FL 32801-3339
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
Cft Nv Developments LLC
Criterion Florissant LLC
Warranty Deed
—
Jun 10, 2024
$10,750,000
Criterion Florissant LLC
Nnn Reit INC
Special Warranty Deed
—
May 2, 2003
—
Commercial Net Lease Realty
99 Vc Florissant LLC
Grant Deed
related
—
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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