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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Medical Office Space
404 Clay Ave Saint Louis, MO 63122-5808
Entity Owned
3-yr Hold
Free & Clear
Property ID
US48-0835598
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1947
Construction
FRAME
Total area
3,610 SF
Lot
0.27 ac (11,700 SF)
Zoning code
32B4
APN
24M-4-1-105-7
UPID
US48-0835598
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
-
Metter Martha L Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
Four Green Fields Properties LLC · 3 yrs held
Four Green Fields Properties LLC
since 2023
Last sale
$330,000
4 recorded transactions
Zoning & alternative use
32B4 · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Citywide Zoning District Map
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
Method
Estimation
Statistic approach
$385,000
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$385k
Range $347k – $424k · ±10% · vs last sale $330k (Jan 9 2023)
Last sale anchor
$330k
Jan 9 2023
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
$107 / 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
$12,043
Tax year 2023
Assessed value
$117,370
Assessed 2023
Previous assessed
$118,780
-1.2% YoY
Effective rate
10.26%
On assessed value
Assessed land
$59,900
Assessed improvement
$57,470
Land market value
$187,200
Improvement market value
$179,600
Total market value
$366,800
Applied tax rate
116.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
11
Total area
3,610 SF
Lot
0.27 ac (11,700 SF)
Zoning code
32B4
APN
24M-4-1-105-7
UPID
US48-0835598
Jurisdiction
ST LOUIS
Zoning & alternative use
32B4 · Saint Louis, MOZoning 32B4 · permitted uses
32B4 · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Citywide Zoning District Map
Building & site characteristics
From public records
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
11
Lot
0.27 ac
Current owner
From public records · entity-resolved
Four Green Fields Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 221054, SAINT LOUIS, MO 63122-8054
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$330,000
Four Green Fields Properties LLC
Josephine Ann Alves
Warranty Deed
—
Jan 9, 2023
—
Josephine Ann Alves Revocable Trust
Josephine Alves
Correction Deed
related
—
Feb 14, 2020
—
Alves,josephine A Trust
Josephine Alves
Quit Claim Deed
related
—
Dec 14, 2007
—
Josephine Alves
Mendelsohn,roy M & Arlene J
Quit Claim Deed
related
—
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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