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Property profile & analytics
OFF-MARKET
Estimated value
$3,735,000
Medical Office Space
3201 Parkwood Ln Maryland Heights, MO 63043-1334
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US48-0215839
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2007
Construction
FRAME
Total area
49,928 SF
Lot
5.07 ac (220,762 SF)
Zoning code
104R-5
APN
12N-4-1-337-6
UPID
US48-0215839
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$3.74M
Owner & transaction history
Riley-spence Properties #2 LLC · 26 yrs held
Riley-spence Properties #2 LLC
since 1999
6 recorded transactions
Zoning & alternative use
104R-5 · Maryland Heights, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.1M
+0.4%
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 Maryland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maryland Heights 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,065,000
Current use
OFFICE BUILDING
$6,090,000
Change: +0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,965,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.74M
Range $3.36M – $4.11M · ±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
$75 / 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
$79,280
Tax year 2023
Assessed value
$1,050,340
Assessed 2023
Previous assessed
$863,650
+21.6% YoY
Effective rate
7.55%
On assessed value
Assessed land
$127,300
Assessed improvement
$923,040
Land market value
$670,000
Improvement market value
$4,858,100
Total market value
$5,528,100
Applied tax rate
126.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
YES
Cooling
WALL UNIT
Stories
2
Units
134
Total area
49,928 SF
Lot
5.07 ac (220,762 SF)
Zoning code
104R-5
APN
12N-4-1-337-6
UPID
US48-0215839
Jurisdiction
ST LOUIS
Zoning & alternative use
104R-5 · Maryland Heights, MO
Zoning 104R-5 · permitted uses
104R-5 · Maryland Heights, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maryland Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
134
Lot
5.07 ac
Current owner
From public records · entity-resolved
Riley-spence Properties #2 LLC
Entity
Mailing address
1749 GILSINN LN, FENTON, MO 63026-2008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2007
—
Riley-spence Properties 2 LLC
—
Deed Of Trust
related
$5,735,084 · Southwest Bank Of St Louis
Jun 9, 2006
—
Riley-spence Properties 2 LLC
—
Trustees Deed
related
$2,600,000 · Southwest Bank Of St Louis
Nov 17, 1999
—
Riley-spence Properties #2 LLC
Daake,thomas & Adele
Trustees Deed
$3,818,182 · Bank Midwest NA
—
—
Riley-spence Properties 2 LLC
—
Deed Of Trust
related
$5,035,298 · Bmo Harris Bank
—
—
Riley-spence Properties 2 LLC
—
Deed Of Trust
related
$3,350,000 · Southwest Bank Of St Louis
—
—
Riley-spence Props No 2 LLC
—
Deed Of Trust
related
$4,760,400 · Love Fndg
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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