Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2718 Grand Blvd, Unit 2724 Saint Louis, MO 63118-1009

    • Retail space
    • 10,800 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0683911
    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 space

    Property Details for 2718 Grand Blvd

    Year built
    1937
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    10,800 SF
    Zone code
    HF
    Property type
    Retail space
    APN
    144500-00100
    APU
    14450000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,730,000
      6.5%
      $2,520,000
      7%
      $2,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,799,000
      Market price range: $520k - $1.80M
      AI Estimate
      $2,377,000
      Market price range: $939k - $2.38M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,990,000
      MEDICAL BUILDING
      $1,665,000
      OFFICE BUILDING
      $1,615,000
      COMMERCIAL (GENERAL)
      $1,500,000
      AUTO REPAIR, GARAGE
      $1,345,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    Saint Louis City
    State
    Missouri
    Longitude
    -90.2409
    Latitude
    38.6065
    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
    $20,658
    $52,800
    $162,400
    $215,200
    -
    $164,900
    $507,387
    $672,287

    Comparable in this City

    • Value Estimation
      $530,000
      0.02 Acres

      2959 Busch Pl

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      2959 Busch Pl, Saint Louis, MO 63118
      View Details
    • Value Estimation by Request

      3024-3026 California Ave

      RETAIL STORES (PERSONAL SERVICES)
      3024-3026 California Ave, Saint Louis, MO 63118
      View Details
    • Value Estimation
      $535,000
      0.10 Acres

      2622-2624 Cherokee St

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      2622-2624 Cherokee St, Saint Louis, MO 63118
      View Details
    • Value Estimation
      $535,000
      0.07 Acres

      3337 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      3337 2nd St, Saint Louis, MO 63118
      View Details
    • Value Estimation
      $545,000
      0.18 Acres

      3909-3913 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      3909-3913 Broadway, Saint Louis, MO 63118
      View Details
    • Value Estimation by Request

      3917 Broadway

      RETAIL STORES (PERSONAL SERVICES)
      3917 Broadway, Saint Louis, MO 63118-4601
      View Details

    Similar Nearby for Sale

    • $289,999
      12,040 SF

      Two Buildings with Gated Parking

      Two buildings on combined lots near downtown and Soulard.
      2643 Gravois Ave St, Louis, MO 63118
      View Details
    • New
      $229,900
      0.05 Acres

      Mixed-Use Building on South Grand

      Mixed-use building with commercial space and residential unit.
      4135 S Grand St, Louis, MO 63118
      View Details
    • $427,000
      2,490 SF

      Single Story Retail Building For Sale

      2,490 SF retail building leased to TitleMax through 2027.
      2627 Gravois Ave, Saint Louis, MO 63118
      View Details
    • $625,000
      15,064 SF

      Mixed-Use Building in Dutchtown

      Turnkey 11-unit mixed-use building in the Downtown Dutchtown business district.
      3312-3320 Meramec St St, Louis, MO 63118
      View Details
    • New
      $695,000
      0.22 Acres

      Turnkey Multi-Family Plus Commercial Space

      Renovated 9-family building with commercial space in South City.
      3659 S Broadway St, Louis, MO 63118
      View Details
    • $260,000
      1,540 SF

      Retail Space in Tower Grove

      Retail property in a high-traffic St Louis location.
      3536 Arsenal St St, Louis, MO 63118
      View Details

    Similar Nearby for Lease

    • $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
      View Details
    • $10 SF/Yr
      3,700 SF

      Spacious Retail Space Available Soon

      3,700 SF retail space in historic Saint Louis neighborhood.
      2724 Cherokee St, Saint Louis, MO 63118
      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
    • $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
    • $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
    • $6 SF/Yr
      1,500 SF

      South Grand Retail Space Available

      Prime Retail Space, Tower Grove Area
      3137 Grand Blvd St, St. Louis, MO 63118
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2718 Grand Blvd, Unit 2724
    Saint Louis, MO 63118-1009
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.