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

    2648-2650 Cherokee St Saint Louis, MO 63118

    • Investment properties
    • 3,250 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1538390
    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

    • Investment properties

    Property Details for 2648-2650 Cherokee St

    Year built
    1922
    Lot size
    0.07 lot acres
    Property size
    3,250 SF
    Zone code
    G
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    156500-01471
    APU
    15650001471

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $239,000
      Market price range: $240k - $600k
      AI Estimate
      $241,000
      Market price range: $242k - $627k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $405,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    Saint Louis City
    State
    Missouri
    Longitude
    -90.2276
    Latitude
    38.5933
    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
    $1,207
    $2,100
    $9,400
    $11,500
    -
    $6,700
    $29,375
    $36,075

    Comparable in this City

    • Value Estimation
      $255,000
      1,342 SF

      2000-2002 Cherokee St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,342 SF
      2000-2002 Cherokee St, Saint Louis, MO 63118
      View Details
    • Value Estimation
      $290,000
      1,712 SF

      1908 Cherokee St, Unit 1916

      OFFICE/RESIDENTIAL (MIXED USE) • 1,712 SF
      1908 Cherokee St, Saint Louis, MO 63118-3200
      View Details
    • Value Estimation
      $270,000
      379 SF

      2315-2319 Cherokee St, Unit 2319

      OFFICE/RESIDENTIAL (MIXED USE) • 379 SF
      2315-2319 Cherokee St, Saint Louis, MO 63118
      View Details
    • Value Estimation
      $400,000
      6,741 SF

      3200 Grand Blvd, Unit 3210

      OFFICE/RESIDENTIAL (MIXED USE) • 6,741 SF
      3200 Grand Blvd, Saint Louis, MO 63118-1014
      View Details
    • Value Estimation
      $350,000
      2,067 SF

      2853-2855 Keokuk St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,067 SF
      2853-2855 Keokuk St, Saint Louis, MO 63118
      View Details
    • Value Estimation
      $135,000
      1,830 SF

      3500 Magnolia Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,830 SF
      3500 Magnolia Ave, Saint Louis, MO 63118-1134
      View Details

    Similar Nearby for Sale

    • $375,000
      4,950 SF

      Cherokee Street Mixed-Use Gem

      Prime St. Louis redevelopment opportunity.
      3133 Cherokee St St, St. Louis, MO 63118
      View Details
    • $229,000
      8,610 SF

      Historic St. Louis Mixed-Use

      Prime Redevelopment Opportunity, High Traffic
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    • $635,000

      Historic Mixed-Use Redevelopment Opportunity

      Mixed-use property with retail income and apartment redevelopment potential.
      2317 Cherokee St, Saint Louis, MO 63118
      View Details
    • $289,999
      50 SF

      Mixed-Use Property in Developing Area

      Two buildings with gated parking, ideal for commercial and residential use.
      2643 Gravois Ave St, Louis, MO 63118
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    • $200,000
      2,624 SF

      Mixed-Use Property with Slate Roof

      Mixed-use investment property with high visibility and gorgeous slate roof.
      3831 S Grand Blvd St, Louis, MO 63118
      View Details
    • New
      $625,000
      15,064 SF

      Mixed-Use Building in Dutchtown

      Turnkey 11-unit mixed-use building in the Downtown Dutchtown business district.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,100 SF

      Jefferson Ave Office & Warehouse

      St. Louis industrial space for lease.
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      View Details
    • Contact for pricing
      26,100 SF

      St. Louis Executive Office Suites

      Prime St. Louis office space available.
      2727 Jefferson Ave St, St. Louis, MO 63118
      View Details
    • $18 SF/Yr
      4,160 SF

      St. Louis Retail Space for Lease

      Historic Inn, Prime Location, High Visibility
      3012 Arsenal St St, St. Louis, MO 63118
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    • $20 SF/Yr
      3,292 SF

      St. Louis Auto Body Shop For Sale

      Turnkey Auto Body Shop - Excellent Location
      2855 Magnolia Ave St, St. Louis, MO 63118
      View Details
    • $1,325,000

      DaVita Dialysis Center For Rent

      DaVita Dialysis Center in St. Louis, Missouri available for rent.
      3740 S Jefferson Ave, Saint Louis, MO 63118
      View Details
    • $12 SF/Yr
      5,540 SF

      Farmer's Merchant Retail Space

      St. Louis retail loft apartments, 3 spaces available.
      3546 Grand Blvd St, St. Louis, MO 63118
      View Details
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    2648-2650 Cherokee St
    Saint Louis, MO 63118
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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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