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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2616 Gravois Rd High Ridge, MO 63049-2508

    • Retail properties
    • 1,156 SF
    • 1.60 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0492255
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail properties

    Property Details for 2616 Gravois Rd

    Year built
    1965
    Construction
    WOOD FRAME
    Lot size
    1.60 lot acres
    Property size
    1,156 SF
    Zone code
    CC-2
    Property type
    Retail properties
    APN
    03-6.0-13.0-2-001-022.
    APU
    3601302001022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    High Ridge
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.5234
    Latitude
    38.4656
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,528
    $44,600
    $16,400
    $61,000
    -
    $139,400
    $51,100
    $190,500

    Comparable in this City

    • Value Estimation by Request
      27,150 SF

      4560 Gravois Rd

      Neighborhood centers • 27,150 SF
      4560 Gravois Rd, High Ridge, MO 63049
      View Details
    • Value Estimation by Request
      2,277 SF

      3029 High Ridge Blvd

      Office Properties & Spaces • 2,277 SF
      3029 High Ridge Blvd, High Ridge, MO 63049
      View Details
    • Value Estimation
      $18,405,000
      155,242 SF

      2700 Rdg Pt Dr

      DEPARTMENT STORE • 155,242 SF
      2700 Rdg Pt Dr, High Ridge, MO 63049-2201
      View Details
    • Value Estimation by Request
      14,723 SF

      30 & High Rdg Blvd

      Land • 14,723 SF
      30 & High Rdg Blvd, High Ridge, MO 63049
      View Details
    • Value Estimation by Request
      106,868 SF

      1023 Crossroads Pl

      Individual retail properties • 106,868 SF
      1023 Crossroads Pl, High Ridge, MO 63049
      View Details
    • Value Estimation by Request
      4,576 SF

      1508 Gravois Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,576 SF
      1508 Gravois Rd, High Ridge, MO 63049-2605
      View Details

    Similar Nearby for Sale

    • $2,199,000
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      High Ridge Retail Center - Missouri

      Prime Retail Space, High Traffic Area
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    • $2,099,000
      17,933 SF

      Established Businesses on Expansive Land

      Profitable turnkey operations on 15.84 acres with living space.
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    • $640,000
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      Mixed-Use Property with Income Potential

      High Ridge property with house, apartments, and business spaces.
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    • $640,000
      0.70 Acres

      Mixed-Use Property on High Ridge

      Mixed-use property with residential and commercial spaces on 0.7 acres.
      2801 High Ridge Blvd, High Ridge, MO 63049
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    • $1,600,000
      29,484 SF

      High Ridge Retail Investment Opportunity

      Updated retail building with high visibility and fully leased units.
      2745 High Ridge Blvd, High Ridge, MO 63049
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    • $3,480,000
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      High Ridge Missouri Farmland

      290 Acres, Prime Development Land
      3601 John Swaller Rd, High Ridge, MO 63049
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    Similar Nearby for Lease

    • $14 SF/Yr
      2,277 SF

      High Ridge Blvd Executive Office Space

      Prime Jefferson County office space, fully renovated.
      3029 High Ridge Blvd, High Ridge, MO 63049
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    • $18 SF/Yr
      14,723 SF

      High Ridge Commons Retail Space

      Prime Retail Space, High Ridge, MO
      30 & High Rdg Blvd, High Ridge, MO 63049
      View Details
    • $18 SF/Yr

      Retail Space with Signalized Access

      Retail space available with high traffic and signalized access.
      2680-2698 Gravois Rd, High Ridge, MO 63049
      View Details
    • $4 SF/Yr
      57,817 SF

      Retail and Office Spaces Available

      Retail and office spaces for lease in High Ridge, Missouri.
      High Ridge, MO 63049
      View Details
    • $4 SF/Yr
      2,000 SF

      High Ridge Retail/Office Space

      Retail and office suites available with high visibility.
      1588-1692 Gravois Rd, High Ridge, MO 63049
      View Details
    • $10 SF/Yr
      366,340 SF

      High Ridge Retail Space Available

      33,435 SF retail space in Aldi-anchored shopping center.
      1023 Crossroads Pl, High Ridge, MO 63049
      View Details
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    2616 Gravois Rd
    High Ridge, MO 63049-2508
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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