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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Commercial real estate
244 Grand Ave Saint Louis, MO 63122-6010
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US48-3330378
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Construction
FRAME
Total area
6,130 SF
Lot
0.38 ac (16,553 SF)
Zoning code
32I1
APN
24M-1-1-117-5
UPID
US48-3330378
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
$640k
Blend (final)
Blend
$625k
Owner & transaction history
246 Grand Avenue LLC · 8 yrs held
246 Grand Avenue LLC
since 2017
7 recorded transactions
Zoning & alternative use
32I1 · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Citywide Zoning District Map
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$945,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$915,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$102 / 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
$8,236
Tax year 2023
Assessed value
$83,200
Assessed 2023
Previous assessed
$82,720
+0.6% YoY
Effective rate
9.90%
On assessed value
Assessed land
$18,530
Assessed improvement
$64,670
Land market value
$57,900
Improvement market value
$202,100
Total market value
$260,000
Applied tax rate
116.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
11
Total area
6,130 SF
Lot
0.38 ac (16,553 SF)
Zoning code
32I1
APN
24M-1-1-117-5
UPID
US48-3330378
Jurisdiction
ST LOUIS
Zoning & alternative use
32I1 · Saint Louis, MOZoning 32I1 · permitted uses
32I1 · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Citywide Zoning District Map
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$945,000
OFFICE BUILDING
Est. value
$915,000
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
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
11
Lot
0.38 ac
Current owner
From public records · entity-resolved
246 Grand Avenue LLC
Entity
Mailing address
246 GRAND AVE, SAINT LOUIS, MO 63122-6010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Dec 4, 2017
—
246 Grand Avenue LLC
Ratermann,carl J & Vicki L
Warranty Deed
related
—
Oct 20, 2005
$491,000
Carl J Ratermann
Thomlison,l S & Marye O
Warranty Deed
$397,489 · Union Planters National Bank
Nov 4, 2002
—
L S Thomlison
Wild Wild West LLC
Grant Deed
$375,000 · Union Planters National Bank
Jul 16, 1999
—
Paul W Schaefer
Jw Sullivan Co
Grant Deed
related
—
Mar 15, 1999
—
J W Sullivan Co
Sullivan Trust
Quit Claim Deed
$23,000 · Carrollton Bank
—
—
Carl J Ratermann
—
Deed Of Trust
related
$148,477 · Regions Bank
—
—
Wild Wild West LLC
—
Deed Of Trust
related
$730,000 · Privatebank
—
—
L S Thomlison
—
Deed Of Trust
related
$46,340 · Union Planters National Bank
—
—
Wild Wild West LLC
—
Deed Of Trust
related
$350,000 · First National Bank St Louis
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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