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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Investment properties
2709 Mercantile Dr Saint Louis, MO 63144
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US48-0503333
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2000
Construction
FRAME
Total area
46,600 SF
Lot
1.28 ac (55,757 SF)
Zoning code
9LID
APN
21K-3-3-117-4
UPID
US48-0503333
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
$2.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$2.40M
Owner & transaction history
Jk Little Rock II LLC · 5 yrs held
Jk Little Rock II LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
9LID · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,390,000
ML approach
$2,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $1.90M (Jun 30 2021)
Last sale anchor
$1.90M
Jun 30 2021
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
$52 / 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
$63,968
Tax year 2023
Assessed value
$654,340
Assessed 2023
Previous assessed
$499,300
+31.1% YoY
Effective rate
9.78%
On assessed value
Assessed land
$101,700
Assessed improvement
$552,640
Land market value
$317,800
Improvement market value
$1,727,000
Total market value
$2,044,800
Applied tax rate
104.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
YES
Stories
1
Rooms
11
Total area
46,600 SF
Lot
1.28 ac (55,757 SF)
Zoning code
9LID
APN
21K-3-3-117-4
UPID
US48-0503333
Jurisdiction
ST LOUIS
Zoning & alternative use
9LID · Saint Louis, MO
Zoning 9LID · permitted uses
9LID · 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.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
YES
Stories
1
Rooms
11
Lot
1.28 ac
Current owner
From public records · entity-resolved
Jk Little Rock II LLC
Entity
Mailing address
601 OAK VLY DR, SAINT LOUIS, MO 63131-4733
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$1,900,000
Jk Little Rock II LLC
Westmoor Investments LLC
Special Warranty Deed
$1,000,000 · First Mid Bank & Trust NA
Nov 21, 2018
$1,400,000
Westmoor Investments LLC
Don Ganim Investments LLC
Trustees Deed
$1,150,000 · Triad Bk
Apr 24, 2017
—
Don Ganim Investments LLC
—
Deed
related
$417,700 · Spirit Of Tx Bk Ssb
May 11, 2015
$1,150,000
Don Ganim Investments LLC
Bick Mercantile Drive LP
Grant Deed
$920,000 · Reliance Bk
—
—
Don Ganim Investments LLC
—
Deed Of Trust
related
$417,700 · Spirit Of Tx Bk Ssb
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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