Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Office buildings
355 Mid Rivers Mall Dr Saint Peters, MO 63376-1593
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US48-0277727
Property summary
AI-generated overview
This exceptional 1.28-acre commercial land parcel presents a compelling redevelopment opportunity in the thriving St. Peters, Missouri market. Located at 355 Mid Rivers Mall Drive, the property boasts unparalleled visibility and accessibility, situated near the intersection of Mid Rivers Mall Drive and Mexico Road. The site benefits from strong traffic counts and convenient access to a bustling commercial corridor, ensuring high exposure for any future development. The property's APN is 2-0111-5391-00-0001.0000000 and is zoned for commercial use. The asking price is $1,900,000, translating to a land value of $26.88 per square foot. The surrounding area is anchored by a diverse range of established retailers, including Schnucks, Aldi, Barnes & Noble, DSW, Academy Sports, Burlington, Marshalls, Home Goods, Ulta, Old Navy, Outback Steakhouse, and Cooper's Hawk Winery & Restaurants, among many others. This strategic location offers significant potential for a variety of commercial ventures, capitalizing on the high traffic volume and established retail presence. The property's prime location and strong surrounding commercial activity make it an ideal investment for developers seeking a high-impact project in a dynamic market. This is a rare opportunity to acquire a significant commercial land parcel in a highly desirable area of St. Charles County, Missouri.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
9,640 SF
Lot
0.98 ac (42,768 SF)
Zoning code
AB2
APN
2-0111-5391-00-0001.0000000
UPID
US48-0277727
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
-
Dr. Justin Hoffman Alternative Medicine Practice
-
MyCredit Repair Corporate Office
-
Tidal Wave Express Car Wash Car Wash
-
Mortgage Stop Loan Service Bank
-
Lewis & Clark Title Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.73M
Owner & transaction history
Edison Real Estate Fifteen LLC · 4 yrs held
Edison Real Estate Fifteen LLC
since 2021
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
AB2 · Saint Peters, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+39.2%
Auto repair, garage
$1.7M
+24.4%
Retail stores
$1.6M
+19.9%
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 Peters submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Peters 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
$1,915,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,125,000
6.5%
$1,960,000
7%
$1,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,345,000
Current use
MEDICAL BUILDING
$1,870,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,670,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$1,610,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,370,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,315,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10% · vs last sale $1.70M (Dec 27 2021)
Last sale anchor
$1.70M
Dec 27 2021
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
$179 / 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
Property tax & assessments
Assessed value
$357,219
Assessed 2023
Previous assessed
$279,771
+27.7% YoY
Land market value
$419,265
Improvement market value
$697,045
Total market value
$1,116,310
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
3
Total area
9,640 SF
Lot
0.98 ac (42,768 SF)
Zoning code
AB2
APN
2-0111-5391-00-0001.0000000
UPID
US48-0277727
Jurisdiction
ST CHARLES
Zoning & alternative use
AB2 · Saint Peters, MO
Zoning AB2 · permitted uses
AB2 · Saint Peters, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Peters. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.98 ac
Current owner
From public records · entity-resolved
Edison Real Estate Fifteen LLC
Entity
Mailing address
1154 GREYSTONE MNR PKWY UNIT #367, CHESTERFIELD, MO 63005-4964
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
Edison Real Estate Fifteen LLC
355 Mid Rivers Mall Drive LLC
Special Warranty Deed
$1,280,000 · Sullivan Bank
Apr 7, 2010
$1,000,000
—
—
Grant Deed
related
$934,000 · Robert N SR & Shirley J Whittaker
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 355 Mid Rivers Mall Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
