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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    449 Magnolia Ave Saint Louis, MO 63122

    • Office buildings
    • 21,132 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $4,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2827429
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 449 Magnolia Ave

    Year built
    2018
    Lot size
    0.79 lot acres
    Property size
    21,132 SF
    Zone code
    B2
    Property type
    Office buildings
    APN
    24N-6-1-142-1
    APU
    24N611421

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,585,000
      6.5%
      $4,230,000
      7%
      $3,930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,839,000
      Market price range: $1.96M - $5.00M
      AI Estimate
      $3,787,000
      Market price range: $1.09M - $3.86M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,155,000
      Current use
      RESTAURANT
      $5,855,000
      Change: +85% Conversion: Moderate
      RETAIL STORES
      $4,530,000
      Change: +44% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,845,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $3,255,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,635,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4185
    Latitude
    38.5746
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $129,185
    $132,320
    $1,169,950
    $1,302,270
    -
    $413,500
    $3,656,100
    $4,069,600

    Comparable in this City

    • Value Estimation
      $540,000
      4,414 SF

      10424 Manchester Rd

      OFFICE BUILDING • 4,414 SF
      10424 Manchester Rd, Saint Louis, MO 63122-1537
      View Details
    • Value Estimation by Request
      5,022 SF

      131 Monroe Ave

      OFFICE BUILDING • 5,022 SF
      131 Monroe Ave, Saint Louis, MO 63122-5867
      View Details
    • Value Estimation by Request
      1,145 SF

      10046 Big Bnd Rd

      OFFICE BUILDING • 1,145 SF
      10046 Big Bnd Rd, Saint Louis, MO 63122-6416
      View Details
    • Value Estimation by Request
      4,820 SF

      112 Jefferson Ave

      OFFICE BUILDING • 4,820 SF
      112 Jefferson Ave, Saint Louis, MO 63122-4242
      View Details
    • Value Estimation
      $2,380,000
      11,520 SF

      335 Kirkwood Rd

      OFFICE BUILDING • 11,520 SF
      335 Kirkwood Rd, Saint Louis, MO 63122-6117
      View Details
    • Value Estimation by Request
      1,456 SF

      1045 Harrison Ave

      OFFICE BUILDING • 1,456 SF
      1045 Harrison Ave, Saint Louis, MO 63122-2612
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,360 SF

      Kirkwood Office Redevelopment Opportunity

      Two converted office buildings in Kirkwood, totaling 5,040 SF.
      121 W Monroe Ave, Saint Louis, MO 63122
      View Details
    • $4,775,000
      43,670 SF

      Kirkwood Office Center For Sale

      Three-story office building with suites available for owner/user.
      12166 Old Big Bend Rd, Saint Louis, MO 63122
      View Details
    • $750,000
      2,850 SF

      Kirkwood Office Building For Sale

      Downtown Kirkwood office building with existing dental office and parking.
      St, Louis, MO 63122
      View Details
    • $1,950,000
      23,500 SF

      St. Louis Office/Warehouse Investment

      23,500 SF, Vacant, Prime Location
      3585 Tree Ct Industrial Blvd St, St. Louis, MO 63122
      View Details
    • $60,000
      0.11 Acres

      Residential Land in Kirkwood, MO

      Residential land for sale in desirable Kirkwood location.
      367 Memphis St, Saint Louis, MO 63122
      View Details
    • $199,900
      0.38 Acres

      Residential Lot in Kirkwood

      Residential lot with approved plans for a two-story home.
      1925 W Woodbine Ave, Saint Louis, MO 63122
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      42,498 SF

      Suburban Office Building Near I-270

      Three-story office building with suites available for lease.
      12166 Old Big Bnd St, Louis, MO 63122
      View Details
    • Contact for pricing
      7,098 SF

      Prime Kirkwood Executive Suites

      St. Louis County office space available
      117 Kirkwood & 112, Kirkwood, MO 63122
      View Details
    • $20 SF/Yr
      48,000 SF

      Des Peres Medical Office Space

      Class A Medical Office, Kirkwood, MO
      315 Dougherty Fry Rd St, Kirkwood, MO 63122
      View Details
    • $23 SF/Yr
      1,514 SF

      Office Space For Rent

      Office space available for lease with 1,514 square feet.
      9859 Big Bend Blvd, Saint Louis, MO 63122
      View Details
    • $750 /Mo
      14,190 SF

      Historic Office Building in Kirkwood

      Renovated office building in downtown Kirkwood, walking distance to amenities.
      117 N Kirkwood & 112 W Jefferson, Kirkwood, MO 63122
      View Details
    • $10 SF/Yr
      15,000 SF

      Kirkwood Industrial Building with Crane

      15,000 SF industrial building with updated office space.
      Kirkwood, MO 63122
      View Details
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    449 Magnolia Ave
    Saint Louis, MO 63122
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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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