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Property profile & analytics
FOR SALE
Commercial real estate
311 S Main St, O Fallon, MO 63366
Individually Owned
~
Est. High Equity
Property ID
US48-0594907
For Sale
1 / 26
$1,250,000
311 S Main St, O Fallon, MO 63366
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Property summary
AI-generated overview
This exceptional freestanding creative office building, situated on a 1.89-acre lot at 311 S. Main St., offers 8,053 square feet on the main level and an additional 3,005 square feet in the lower level. Originally a bank, the property boasts a secure vault, ample parking (89 spaces), and prominent building and monument signage ensuring high visibility on a high-traffic section of South Main Street. Its convenient location provides easy access to I-70 and proximity to City Hall. The property is zoned C-2 and is located within the Downtown Overlay District, offering significant development potential. The building is available for sale at $1,250,000 or lease at $21.00 per square foot, full-service. A finish-to-suit option is available for qualified tenants. This unique property presents a rare opportunity to acquire a well-positioned, versatile commercial space in a thriving downtown area. The single-story building was constructed in 1960 and is classified as Class B. Don't miss this chance to own or lease a piece of prime downtown real estate.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Total area
2,093 SF
Lot
0.69 ac (30,000 SF)
APN
2-055D-4246-04-0003.0000000
UPID
US48-0594907
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
Current use
Occupant on record · Public records
-
Bank of America ATM (Drive-thru) Atm
-
Saint Louis Counseling Counselor Child Psychologist
-
Nathan Larson, MSW LCSW Crisis Center Medical Clinic
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
311 Wine House & Beer Garden Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ofallon House Of Quality Floor Cove
Ofallon House Of Quality Floor Cove
since 2025
4 recorded transactions
Zoning & alternative use
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 O Fallon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs O Fallon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$101,653
Assessed 2023
Previous assessed
$91,062
+11.6% YoY
Land market value
$97,500
Improvement market value
$220,167
Total market value
$317,667
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1940
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
2,093 SF
Lot
0.69 ac (30,000 SF)
APN
2-055D-4246-04-0003.0000000
UPID
US48-0594907
Jurisdiction
ST CHARLES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Ofallon House Of Quality Floor Cove
Individual
Mailing address
1735 COUNTY RD 268TH DR, PHILADELPHIA, MO 63463-2322
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
Ofallon House Of Quality Floor Cove
Br Partners LLC
Warranty Deed
—
Apr 10, 2017
—
Parea Management LLC
Crane,randell K & Barbara J
Quit Claim Deed
related
—
Nov 23, 2004
$185,000
Randell K Crane
Iffrig House Ptshp
Warranty Deed
$185,000 · Exchange Bk/northeast Missouri
Nov 23, 2004
—
John A Dunkman SR.
Jacobi,leon & Gabriele
Quit Claim Deed
related
—
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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