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    2828 Saint Charles, MO 63303
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    2828, Saint Charles, MO 63303

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    • Commercial real estate
    • 0.84 lot acres
    For Sale
    $810,000
    View Listing →
    St Charles Multifamily Investment Portfolio For Sale
    $810,000
    864 SF

    St Charles Multifamily Investment Portfolio

    Four income-generating properties with recent updates and full basements.

    Saint Charles, MO 63303
    View Listing
    Property ID
    US48-1398431
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2828

    Lot size
    0.84 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial land parcel, located at 350 Hemsath Road in St. Peters, Missouri, presents a unique investment opportunity. Situated in Saint Charles County, this property boasts a lot size ranging from 0.84 to 1.33 acres, offering significant development potential. The land is priced at $8.50 to $11.00 per square foot. This prime location offers unparalleled visibility and accessibility, situated at a landmark corner at the entrance to St. Charles County via Route 364 and Arena Parkway. Multiple access points, including a new signalized intersection, ensure convenient ingress and egress. The property benefits from excellent visibility from Route 364, a major thoroughfare with a high volume of daily traffic (84,833 vehicles per day). Furthermore, Arena Parkway, with 13,456 vehicles per day, provides additional exposure. Its strategic location places it along the southern route to key destinations such as the St. Charles Family Arena, Riverpointe, and the Streets of St. Charles, ensuring high traffic and potential customer base. A new 6+ acre commercial development is planned for the area, further enhancing the property's value and future prospects. This is an exceptional opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly growing area of St. Charles County. The zip code is 63303.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Charles
    County
    Saint Charles
    State
    Missouri
    Longitude
    -90.527039
    Latitude
    38.744459

    Comparable in this City

    • $2,965,020
      14.33 Acres

      St. Charles Development Opportunity

      14.33 acres of land in a prime St. Charles location.
      Hemsath Rd, Saint Charles, MO 63303
      View Details
    • Contact for pricing
      108,464 SF

      Prime Commercial Land For Sale

      Commercial land with excellent road frontage in a prime location.
      1501 Zumbehl Rd, Saint Charles, MO 63303
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      Land with Drive-Thru Opportunity

      Land for rent with high visibility and easy highway access.
      2601 Old Muegge Rd, Saint Charles, MO 63303
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      Land For Sale

      Land available for sale in Saint Charles, Missouri.
      2795 Mcclay Rd, Saint Charles, MO 63303
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      1.92 Acre Commercial Land Tract

      Located at a high-traffic intersection with strong visibility.
      3939 Mexico Rd, Saint Peters, MO 63303
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      6.2 Acre Outparcel on Highway

      6.2 acre outparcel with visibility and access to Highway 94.
      1830 S 1St Capitol Dr, Saint Charles, MO 63303
      View Details

    Similar Nearby for Sale

    • $2,965,020
      14.33 Acres

      St. Charles Development Opportunity

      14.33 acres of land in a prime St. Charles location.
      Hemsath Rd, Saint Charles, MO 63303
      View Details
    • Contact for pricing
      108,464 SF

      Prime Commercial Land For Sale

      Commercial land with excellent road frontage in a prime location.
      1501 Zumbehl Rd, Saint Charles, MO 63303
      View Details
    • Contact for pricing

      Land with Drive-Thru Opportunity

      Land for rent with high visibility and easy highway access.
      2601 Old Muegge Rd, Saint Charles, MO 63303
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Saint Charles, Missouri.
      2795 Mcclay Rd, Saint Charles, MO 63303
      View Details
    • Contact for pricing

      1.92 Acre Commercial Land Tract

      Located at a high-traffic intersection with strong visibility.
      3939 Mexico Rd, Saint Peters, MO 63303
      View Details
    • Contact for pricing

      6.2 Acre Outparcel on Highway

      6.2 acre outparcel with visibility and access to Highway 94.
      1830 S 1St Capitol Dr, Saint Charles, MO 63303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease in St Charles, Missouri.
      1830 S 1St Capitol Dr, Saint Charles, MO 63303
      View Details
    • Contact for pricing

      Highway Visibility Land for Lease

      1.21 AC lot with great highway visibility.
      2229 Bluestone Dr, Saint Charles, MO 63303
      View Details
    • Contact for pricing

      Land for Lease in St. Charles

      Commercial land available for lease in St. Charles, Missouri.
      2010 Zumbehl Rd, Saint Charles, MO 63303
      View Details
    • Contact for pricing

      1.21 Acre Lot For Rent

      1.21 acre lot available for build-to-suit.
      Bluestone Dr, Saint Charles, MO 63303
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    • Contact for pricing

      Retail Space on Zumbehl Road

      One acre of commercial land with retail space available.
      2010 Zumbehl Rd, Saint Charles, MO 63303
      View Details
    • Contact for pricing

      Land Near Interstate 70

      Land with excellent visibility near shopping and office complex.
      2911 Veterans Memorial Pkwy, Saint Charles, MO 63303
      View Details
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    Saint Charles, MO 63303
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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.

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