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    3704 Greenwood Blvd Maplewood, MO 63143
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    3704 Greenwood Blvd, Maplewood, MO 63143

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    • Multifamily properties
    Off-Market
    Property ID
    US48-3179135
    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

    • Multifamily properties

    Property Details for 3704 Greenwood Blvd

    Year built
    1971
    Property type
    Multifamily properties

    Description

    This exceptional investment opportunity presents the Greenwood Apartments, a 24-unit multifamily property located at 3704 Greenwood in Maplewood, Missouri. Priced at $1,895,000, this property offers significant upside potential for qualified investors. The complex comprises twenty-four one-bedroom, one-bathroom units. Currently, rents are below market value, with an average potential increase of $193 per unit. Fifteen of the twenty-four units have already undergone renovations, including new flooring and bathroom updates. This provides a strong foundation for continued improvement and increased profitability. The remaining nine units present an opportunity to complete renovations and potentially add in-unit laundry facilities, further enhancing rental income and attracting higher-quality tenants. The property's location in Maplewood, Missouri, offers a desirable residential setting with strong potential for rental demand. This is a compelling investment opportunity for those seeking a multifamily property with immediate cash flow and substantial long-term growth prospects. The property is being offered as-is. Financial statements and further details are available upon request.

    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
    Maplewood
    County
    St Louis
    State
    Missouri
    Longitude
    -90.3241
    Latitude
    38.60409

    Comparable in this City

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      Live-Work Mixed-Use Building Opportunity

      Unique renovated live-work building with open creative workspace and a large loft-style residence.
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      Unique Maplewood Live/Work Building

      Unique live/work building in Maplewood with many possibilities.
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      Approved Land for Four Units

      Land approved for four units designed for energy efficiency.
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      0.09 Acres

      Residential Lot Rebuild Opportunity

      Residential lot in St. Louis ready for rebuild.
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      Maplewood Office Building for Sale

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    Similar Nearby for Sale

    • New
      $285,000
      Pending

      Updated Duplex in Maplewood

      Updated duplex in Maplewood, perfect for owner-occupant or investor.
      2207 Alameda Ave St, Louis, MO 63143
      View Details
    • $975,000
      0.37 Acres

      Live-Work Mixed-Use Building Opportunity

      Unique renovated live-work building with open creative workspace and a large loft-style residence.
      3723 Commonwealth Ave, Maplewood, MO 63143
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    • $450,000
      0.17 Acres

      Approved Land for Four Units

      Land approved for four units designed for energy efficiency.
      2117 Yale Ave St, Louis, MO 63143
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    • $975,000
      7,672 SF

      Unique Maplewood Live/Work Building

      Unique live/work building in Maplewood with many possibilities.
      3723 Commonwealth Ave, Maplewood, MO 63143
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    • $895,000
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      Maplewood Office Building with Loft

      Multi-level office building with loft/creative space in Maplewood.
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      Residential Lot Ready to Build

      Excavated residential lot with plans for a 2-story home.
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    Similar Nearby for Lease

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      Maplewood Office with Flexible Layout

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      Maplewood Office/Warehouse Space For Lease

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      Prime Retail/Office Space in Dogtown

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      Retail Space Near Business District

      Retail space in high-traffic area near Clayton Central Business District.
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      Maplewood Office Space Available

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    • $1,300 /Mo
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      Maplewood Office Space For Rent

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    3704 Greenwood Blvd
    Maplewood, MO 63143
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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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    3704 Greenwood Blvd, Maplewood, MO, 63143
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