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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Garden apartment buildings
397 Corisande Hl Rd Fenton, MO 63026-5620
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US48-0540495
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1975
Total area
17,168 SF
Lot
1.41 ac (61,420 SF)
Zoning code
R09
APN
02-2.0-03.0-4-001-007.
UPID
US48-0540495
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
$680k
Owner & transaction history
Gravois Apartments LLC
Gravois Apartments LLC
since 2026
7 recorded transactions
Zoning & alternative use
R09 · Fenton, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+18.9%
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 Fenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fenton 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
APARTMENT HOUSE (5+ UNITS)
$915,000
Current use
OFFICE BUILDING
$1,090,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$40 / 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
$12,163
Tax year 2023
Assessed value
$165,700
Assessed 2024
Previous assessed
$165,700
+0.0% YoY
Effective rate
7.34%
On assessed value
Assessed land
$3,300
Assessed improvement
$162,400
Land market value
$17,400
Improvement market value
$854,900
Total market value
$872,300
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1975
Heating
YES
Bathrooms
1
Total area
17,168 SF
Lot
1.41 ac (61,420 SF)
Zoning code
R09
APN
02-2.0-03.0-4-001-007.
UPID
US48-0540495
Jurisdiction
JEFFERSON
Zoning & alternative use
R09 · Fenton, MOZoning R09 · permitted uses
R09 · Fenton, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$915,000
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1975
Heating
YES
Bathrooms
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Gravois Apartments LLC
Entity
Mailing address
385 CORISANDE HL RD, FENTON, MO 63026-5608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
—
Gravois Apartments LLC
Atlantis Investments LLC
Warranty Deed
$4,000,000 · Montgomery Bank NA
Aug 10, 2016
—
Atlantis Investments LLC
—
Deed
related
$1,754,490 · Midwest Bankcentre
Apr 3, 2012
—
Atlantis Investments LLC
Lsref2 Nova Investments II LLC
Grant Deed
$1,560,000 · Midwest Bankcentre
May 4, 2011
$1,000,000
Lsref2 Nova Investments II LLC
Mtw Trustee Services INC
Trustees Deed
—
Nov 15, 2006
—
Lvm Properties LLC
Walters Holdings LLC
Warranty Deed
related
—
Jul 19, 2005
—
Walters Holdings LLC
Walters Property Mgmt INC
Quit Claim Deed
related
$4,000,000 · Reliance Bank
—
—
Atlantis Investments LLC
—
Loan Modification
related
$1,754,490 · Midwest Bankcentre
—
—
Atlantis Investments LLC
—
Loan Modification
related
$1,660,950 · Midwest Bankcentre
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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