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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Manufacturing properties
303 Hoffmeister Ave, Saint Louis, MO 63125-2100
Entity Owned
6-yr Hold
Free & Clear
Property ID
US48-0677756
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1968
Construction
STEEL FRAME
Total area
23,058 SF
Lot
9.52 ac (414,691 SF)
Zoning code
M2
APN
27G-2-3-026-1
UPID
US48-0677756
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$700k
Owner & transaction history
Lemay Properties LLC · 6 yrs held
Lemay Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
M2 · 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
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$30 / 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
$19,878
Tax year 2023
Assessed value
$179,140
Assessed 2023
Previous assessed
$168,390
+6.4% YoY
Effective rate
11.10%
On assessed value
Assessed land
$108,770
Assessed improvement
$70,370
Land market value
$339,900
Improvement market value
$219,900
Total market value
$559,800
Applied tax rate
113.0000
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
YES
Cooling
WALL UNIT
Buildings
4
Stories
2
Rooms
11
Total area
23,058 SF
Lot
9.52 ac (414,691 SF)
Zoning code
M2
APN
27G-2-3-026-1
UPID
US48-0677756
Jurisdiction
ST LOUIS
Zoning & alternative use
M2 · Saint Louis, MO
Zoning M2 · permitted uses
M2 · 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
1968
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Rooms
11
Lot
9.52 ac
Current owner
From public records · entity-resolved
Lemay Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
140 LAFAYETTE AVE, SAINT LOUIS, MO 63104-4505
Ownership since
2019
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
Dec 26, 2019
$600,000
Lemay Properties LLC
Excalibur Realty Co
Grant Deed
—
Sep 26, 2014
$2,063,000
Excalibur Realty Co
Rockwood Pigments NA INC
Quit Claim Deed
related
—
Jul 29, 2003
—
Rockwood Pigments NA INC
—
Deed Of Trust
related
$595,000,000 · Jp Morgan Chase Bank Trustee
—
—
Rockwood Pigments NA INC
—
Deed Of Trust
related
—
—
—
Rockwood Pigments NA INC
—
Deed Of Trust
related
$985,000 · Credit Suisse First Boston
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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