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Property profile & analytics
OFF-MARKET
Estimated value
$5,185,000
Grocery and convenience stores
2700 Grand Blvd Saint Louis, MO 63118-1009
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-3129437
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1963
Construction
CONCRETE BLOCKS
Total area
25,085 SF
Lot
1.72 ac (75,054 SF)
Zoning code
H
APN
144500-00350
UPID
US48-3129437
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
$5.85M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$5.19M
Owner & transaction history
Grand Real Estate Holding LLC · 17 yrs held
Grand Real Estate Holding LLC
since 2008
3 recorded transactions
Zoning & alternative use
H · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+165.6%
Medical building
$3.9M
+47.7%
Office building
$3.7M
+43.2%
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%
$6,340,000
6.5%
$5,850,000
7%
$5,435,000
Alternative Use
Use
Estimation
RESTAURANT
$6,950,000
Change: +166% · Conversion: Easy
MEDICAL BUILDING
$3,865,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$3,745,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,480,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,130,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$5.19M
Range $4.67M – $5.70M · ±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
$207 / 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
$55,321
Tax year 2023
Assessed value
$576,300
Assessed 2023
Previous assessed
$576,300
+0.0% YoY
Effective rate
9.60%
On assessed value
Assessed land
$216,200
Assessed improvement
$360,100
Land market value
$675,500
Improvement market value
$1,125,187
Total market value
$1,800,687
Applied tax rate
8.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
25,085 SF
Lot
1.72 ac (75,054 SF)
Zoning code
H
APN
144500-00350
UPID
US48-3129437
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
H · Saint Louis, MO
Zoning H · permitted uses
H · 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
RESTAURANT
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Grand Real Estate Holding LLC
Entity
Mailing address
17051 WOODCHUCK PL, CHESTERFIELD, MO 63005-4528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Dec 16, 2014
—
Grand Real Estate Holding LLC
—
Grant Deed
related
$1,751,954 · Centruebank
Dec 26, 2012
—
Grand Real Estate Holding LLC
—
Trustees Deed
related
$1,600,000 · Centrue Bank
Aug 21, 2008
$1,685,000
Grand Real Estate Holding LLC
Union Investment
Warranty Deed
$1,400,000 · Citizens Nat'l Bank Grtr St Lo
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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