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Property profile & analytics
OFF-MARKET
Turn key restaurants
3424-3426 Cherokee St Saint Louis, MO 63118
Individually Owned
6-yr Hold
Property ID
US48-3126148
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1904
Construction
BRICK
Total area
3,000 SF
Lot
0.05 ac (2,056 SF)
Zoning code
G
APN
158600-01707
UPID
US48-3126148
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brian Lotspeich · 6 yrs held
Brian Lotspeich
since 2019
3 recorded transactions
Zoning & alternative use
G · 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
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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,057
Tax year 2023
Assessed value
$20,520
Assessed 2023
Previous assessed
$20,520
+0.0% YoY
Effective rate
10.02%
On assessed value
Assessed land
$4,150
Assessed improvement
$16,370
Land market value
$16,400
Improvement market value
$63,800
Total market value
$80,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1904
Construction
BRICK
Heating
CENTRAL
Buildings
4
Stories
2
Units
2
Bathrooms
2
Total area
3,000 SF
Lot
0.05 ac (2,056 SF)
Zoning code
G
APN
158600-01707
UPID
US48-3126148
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
G · Saint Louis, MO
Zoning G · permitted uses
G · 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
1904
Construction
BRICK
Heating
CENTRAL
Stories
2
Buildings
4
Units
2
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Brian Lotspeich
Individual
Mailing address
2400 S JEFFERSON AVE, SAINT LOUIS, MO 63104-2306
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2019
$171,000
Brian Lotspeich
Frc Properties LLC
Warranty Deed
$136,000 · Midwest Bankcentre
Oct 10, 2018
$70,000
Frc Properties LLC
Chappell,donald A
Warranty Deed
—
Jun 5, 2003
—
Don Chappell
Simon,anthony A
Grant Deed
$50,000 · Anthony A Simon
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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