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    Property profile & analytics

    3497 Technology Dr Lake Saint Louis, MO 63367-2599

    • Drug stores
    • 14,736 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimations
    $3,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0935223
    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.

    Current Use by Public Records

    • Drug stores

    Property Details for 3497 Technology Dr

    Year built
    2006
    Lot size
    1.89 lot acres
    Property size
    14,736 SF
    Property type
    Drug stores
    APN
    4-0056-8759-00-002A.0000000
    APU
    40056875900002A0000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,381,000
      Market price range: $1.09M - $3.38M
      AI Estimate
      $3,381,000
      Market price range: $1.09M - $3.38M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,460,000
      Current use
      RESTAURANT
      $5,610,000
      Change: +128% Conversion: Easy
      MEDICAL BUILDING
      $2,860,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,555,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,095,000
      Change: -15% Conversion: Moderate
      OFFICE BUILDING
      $2,095,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Saint Louis
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.7919
    Latitude
    38.7845
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $0.00
    $0.00
    $641,310
    -
    $864,444
    $1,139,651
    $2,004,095

    Comparable in this City

    • Value Estimation
      $7,450,000
      76,849 SF

      8757 Hwy N Hwy

      SHOW ROOM, WAREHOUSE • 76,849 SF
      8757 Hwy N Hwy, Lake Saint Louis, MO 63367
      View Details
    • Value Estimation
      $11,150,000
      137,814 SF

      6302 Ronald Reagan Dr

      SHOW ROOM, WAREHOUSE • 137,814 SF
      6302 Ronald Reagan Dr, Lake Saint Louis, MO 63367-2670
      View Details
    • Value Estimation
      $620,000
      4,452 SF

      1200 Lk Saint Louis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,452 SF
      1200 Lk Saint Louis Blvd, Lake Saint Louis, MO 63367-1325
      View Details
    • Value Estimation
      $930,000
      10,302 SF

      308 Tcw Ct

      SHOW ROOM, WAREHOUSE • 10,302 SF
      308 Tcw Ct, Lake Saint Louis, MO 63367-4266
      View Details
    • Value Estimation by Request
      8,012 SF

      Veterans Memorial Pkwy

      FINANCIAL BUILDING • 8,012 SF
      Veterans Memorial Pkwy, Lake Saint Louis, MO 63367
      View Details
    • Value Estimation
      $1,655,000
      7,216 SF

      1820 Lk Saint Louis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,216 SF
      1820 Lk Saint Louis Blvd, Lake Saint Louis, MO 63367-1318
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,865 SF

      Retail Endcap in New Development

      New retail development with endcap space available for lease.
      8780 Highway N, O Fallon, MO 63367
      View Details
    • Contact for pricing
      1,200 SF

      Shoppes at Hawk Ridge Restaurant Space

      Prime Restaurant Space, I-64 & Hwy 364, MO
      I-64 Hwy 364, Lake Saint Louis, MO 63367
      View Details
    • $3,195,000
      28,000 SF

      Lake St. Louis Office Building Investment

      Multi-tenant office building, high occupancy, strong NOI.
      1000 Edgewater Pt, Lake Saint Louis, MO 63367
      View Details
    • Contact for pricing

      Commercial Land For Sale

      2.44 acres of commercial land with development potential.
      9955 Highway N, Lake St Louis, MO 63367
      View Details
    • Contact for pricing
      2.90 Acres

      Lake St. Louis Commercial Land

      Prime 2.9-Acre Commercial Lot
      2A Technology Dr, Lake Saint Louis, MO 63367
      View Details
    • $3,210,808
      8.37 Acres

      Lake St. Louis Commercial Land

      Prime Missouri acreage, ideal development.
      Louis MO Hawk Rdg Cir & Freymuth Rd Lk St, Lake Saint Louis, MO 63367
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space on Veterans Parkway

      Prime retail location in Lake Saint Louis, Missouri.
      11400 Veterans Memorial Pkwy, Lake St Louis, MO 63367
      View Details
    • Contact for pricing
      8,100 SF

      South Ridge Shoppes Retail Space

      Lake St. Louis retail spaces available. High-traffic location.
      0 N & Orf Rd, Lake Saint Louis, MO 63367
      View Details
    • Contact for pricing
      75,643 SF

      Lake St. Louis Retail Center

      Prime Retail Space Available, Schnucks Anchored
      101 Civic Ctr Dr, Lake Saint Louis, MO 63367
      View Details
    • $40 SF/Yr
      8,012 SF

      Veterans Memorial Pkwy Retail Space

      Lake Saint Louis, MO: Prime Retail Opportunity
      11400 Veterans Memorial Pkwy, Lake Saint Louis, MO 63367
      View Details
    • Contact for pricing
      123,884 SF

      Lake Saint Louis Retail Center

      Prime Retail Space, Multiple Units Available
      0 Mdw Cir Dr, Lake Saint Louis, MO 63367
      View Details
    • $270 SF/Yr
      22,173 SF

      Lake St. Louis Office Space

      Class A Office, 950-12,021 SF Available
      3401 Technology Dr, Lake Saint Louis, MO 63367
      View Details
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    Lake Saint Louis, MO 63367-2599
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    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
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