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Property profile & analytics
FOR LEASE
Retail space
2729 Sutton Blvd Saint Louis, MO 63143
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US48-0625109
For Lease
1 / 2
$965,000
2729 Sutton Blvd, Saint Louis, MO 63143
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Total area
4,134 SF
Lot
1.18 ac (51,444 SF)
Zoning code
CB
APN
21J-2-3-160-8
UPID
US48-0625109
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
$955k
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$965k
Owner & transaction history
Mel B4 LLC · 1 yrs held
Mel B4 LLC
since 2025
7 recorded transactions
Zoning & alternative use
CB · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$750,000
+16.4%
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
$955,000
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
RETAIL STORES
$645,000
Current use
COMMERCIAL (GENERAL)
$750,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$615,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$233 / 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
$131,921
Tax year 2023
Assessed value
$1,176,350
Assessed 2023
Previous assessed
$638,400
+84.3% YoY
Effective rate
11.21%
On assessed value
Assessed land
$164,610
Assessed improvement
$1,011,740
Land market value
$514,400
Improvement market value
$3,161,700
Total market value
$3,676,100
Applied tax rate
118.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1935
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
4,134 SF
Lot
1.18 ac (51,444 SF)
Zoning code
CB
APN
21J-2-3-160-8
UPID
US48-0625109
Jurisdiction
ST LOUIS
Zoning & alternative use
CB · Saint Louis, MO
Zoning CB · permitted uses
CB · 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
RETAIL STORES Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$750,000
MEDICAL BUILDING
Est. value
$635,000
OFFICE BUILDING
Est. value
$615,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1935
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
1.18 ac
Current owner
From public records · entity-resolved
Mel B4 LLC
Entity
Mailing address
2 N MERAMEC AVE, SAINT LOUIS, MO 63105-1517
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
Mel B4 LLC
Js3 Realty Stl Office LLC
Warranty Deed
$2,800,000 · Midwest Bank Centre
Nov 10, 2020
—
Creve Coeur Dev LLC
—
Deed
related
$2,800,000 · Midwest Bankcentre
Dec 9, 2010
—
Js3 Realty Stl Office LLC
Creve Coeur Dev LLC
Grant Deed
related
—
Oct 14, 2010
—
Js3 Realty Stl Office LLC
Creve Coeur Dev LLC
Grant Deed
related
—
—
—
Creve Coeur Dev LLC
—
Loan Modification
related
$612,000 · Midwest Bankcentre
—
—
Creve Coeur Dev LLC
—
Deed Of Trust
related
$2,800,000 · Midwest Bankcentre
—
—
Creve Coeur Dev LLC
—
Deed Of Trust
related
$2,547,414 · Midwest Bankcentre
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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