Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    320 East Ripa Avenue Lemay, MO 63125

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    320 East Ripa Avenue Lemay, MO 63125

    View on Map
    • Retirement homes
    • 17.58 lot acres
    For Sale
    $7,000,000
    View Listing →
    Attractive property with nine buildings For Sale
    $7,000,000
    83,378 SF

    Attractive property with nine buildings

    Attractive specialty property with nine buildings

    320 East Ripa Avenue, Lemay, MO 63125
    View Listing
    Property ID
    US48-0959402
    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

    • Retirement homes

    Property Details for 320 East Ripa Avenue

    Year built
    1895
    Lot size
    17.58 lot acres
    Property type
    Retirement homes

    Description

    This exceptional investment opportunity presents a unique mixed-use, multifamily, and senior living property located at 320 E Ripa Avenue in Lemay, Missouri. The property encompasses nine buildings totaling 336,256 square feet of net rentable space, situated on a generous 17.58-acre lot offering stunning Mississippi River views. The complex includes The Theresa Center, Caroline Center, Romana Hall, Madonna Hall, Maria Center, Ecology Center, Power House, the Overpass Apartments, and a former headstart building. The residential portion comprises 252,878 square feet, while the interconnected vacant school buildings add another 83,378 square feet, presenting significant conversion potential. Built between 1895 and 1964, this well-maintained property benefits from long-term ownership and a strong surrounding demographic profile. Within a one-mile radius, the average household income is $71,195, and the average home value is $196,226, indicating a robust market. The asking price for this expansive property is $7,000,000, offering a compelling opportunity for significant returns. The ample land provides room for future expansion, enhancing the long-term value of this remarkable investment.

    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
    Lemay
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.273288546254
    Latitude
    38.524260092268

    Comparable in this City

    • $549,900
      5,879 SF

      Multi-Use Property with Income Potential

      Multi-use property with storefront, shop, and apartment.
      234 Lemay Fry Rd St, Louis, MO 63125
      View Details
    • $549,900
      5,801 SF

      Versatile Multi-Use Building For Sale

      Multi-use building with apartment, storefront, and shop spaces.
      234 Lemay Fry Rd St, Louis, MO 63125
      View Details
    • $225,000
      1,232 SF

      Lemay Duplex with Rental Income

      Well-maintained duplex in Lemay, ideal for investors or owner-occupants.
      317 Forbes Ave St, Louis, MO 63125
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2651 Telegraph Rd St, Louis, MO 63125
      View Details
    • Contact for pricing

      Retail Opportunity on Lemay Ferry

      Retail property available for sale on Lemay Ferry Road.
      1032 Lemay Ferry Rd, Lemay, MO 63125
      View Details
    • $399,000
      4.35 Acres

      Residential Land Near Amenities

      4.35 acres near Dierbergs Market and Mehlville Schools.
      2555 Brush Ct St, Louis, MO 63125
      View Details

    Similar Nearby for Sale

    • $549,900
      5,879 SF

      Multi-Use Property with Income Potential

      Multi-use property with storefront, shop, and apartment.
      234 Lemay Fry Rd St, Louis, MO 63125
      View Details
    • $549,900
      5,801 SF

      Versatile Multi-Use Building For Sale

      Multi-use building with apartment, storefront, and shop spaces.
      234 Lemay Fry Rd St, Louis, MO 63125
      View Details
    • $225,000
      1,232 SF

      Lemay Duplex with Rental Income

      Well-maintained duplex in Lemay, ideal for investors or owner-occupants.
      317 Forbes Ave St, Louis, MO 63125
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2651 Telegraph Rd St, Louis, MO 63125
      View Details
    • Contact for pricing

      Retail Opportunity on Lemay Ferry

      Retail property available for sale on Lemay Ferry Road.
      1032 Lemay Ferry Rd, Lemay, MO 63125
      View Details
    • $399,000
      4.35 Acres

      Residential Land Near Amenities

      4.35 acres near Dierbergs Market and Mehlville Schools.
      2555 Brush Ct St, Louis, MO 63125
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      45,302 SF

      Retail Space in High Traffic Area

      Retail space with easy access and high traffic.
      3661 Reavis Barracks Rd St, Louis, MO 63125
      View Details
    • $10 SF/Yr
      9,960 SF

      Retail Space with High Traffic

      Retail space with easy access and high traffic.
      3641-3661 Reavis Barracks Rd, Saint Louis, MO 63125
      View Details
    • Contact for pricing
      859 SF

      Retail Space in South County

      Retail space with high visibility and easy access.
      7449-7463 S Lindbergh Blvd, Saint Louis, MO 63125
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease at 3001 Lemay Ferry Rd.
      3001 Lemay Fry Rd St, Louis, MO 63125
      View Details
    • $1,300 /Mo
      6,098 SF

      Retail/Office Space on High-Traffic Street

      Commercial property on high-traffic street, suitable for retail or office.
      1900 Telegraph Rd, Mehlville, MO 63125
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in St. Louis, Missouri.
      3196 Telegraph Rd St, Louis, MO 63125
      View Details
    View Listing
    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.
    320 East Ripa Avenue
    Lemay, MO 63125
    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

    Thank You for Inquiry

    320 East Ripa Avenue, Lemay, MO, 63125

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!