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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Hotels
421 8th St Saint Louis, MO 63101-1505
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0884191
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1925
Construction
STEEL FRAME
Total area
8,636 SF
Zoning code
I
APN
019400-00141
UPID
US48-0884191
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
-
Magnolia Hotel St. Louis Parking (Propark) Parking Lot & Garage
-
Encore Rental Equipment Company Tech Support Center
-
Robie's on 8th Restaurant
-
PetHotels.com - St Louis Dog Boarding ( Cat & Dog Friendly Hotels) Kennel & Boarding Facility
-
Magnolia Hotel St. Louis, a Tribute Portfolio Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$830k
Owner & transaction history
Magnolia Stl LLC · 7 yrs held
Magnolia Stl LLC
since 2019
3 recorded transactions
Zoning & alternative use
I · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+164.9%
Restaurant
$1.1M
+149.2%
Auto repair, garage
$885,000
+97.6%
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
by Request
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,190,000
Change: +165% · Conversion: Difficult
RESTAURANT
$1,120,000
Change: +149% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$96 / 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
$68,385
Tax year 2023
Assessed value
$2,912,000
Assessed 2023
Previous assessed
$2,912,000
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed improvement
$2,912,000
Improvement market value
$9,100,000
Total market value
$9,100,000
Applied tax rate
7.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1925
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
18
Total area
8,636 SF
Zoning code
I
APN
019400-00141
UPID
US48-0884191
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
I · Saint Louis, MO
Zoning I · permitted uses
I · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Louis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$695,000
MEDICAL BUILDING
Est. value
$665,000
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
1925
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
18
Current owner
From public records · entity-resolved
Magnolia Stl LLC
Entity
Mailing address
818 17TH ST, DENVER, CO 80202-3101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2019
—
Magnolia Stl LLC
—
Deed
related
$16,500,000 · Citi R/e Fndg INC
Apr 19, 2019
—
Magnolia Stl LLC
—
Deed
related
$16,500,000 · Citi R/e Fndg INC
—
—
Magnolia Stl LLC
—
Deed Of Trust
related
$5,000,000 · Rural Mo INC
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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