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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Strip malls
4540 Lemay Fry Rd, Saint Louis, MO 63129-1614
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0174054
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
13,520 SF
Lot
9.26 ac (403,366 SF)
Zoning code
C-8
APN
30K-6-4-070-0
UPID
US48-0174054
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
$3.91M
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$3.05M
Owner & transaction history
Metropolitan St Louis Sewer Distric · 1 yrs held
Metropolitan St Louis Sewer Distric
since 2024
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
C-8 · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+171.0%
Retail stores
$3.3M
+138.8%
Commercial (general)
$2.5M
+78.0%
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
$3,950,000
ML approach
$3,905,000
CAP Approach
CAP Return
Estimation
6%
$2,280,000
6.5%
$2,105,000
7%
$1,950,000
Alternative Use
Use
Estimation
RESTAURANT
$3,745,000
Change: +171% · Conversion: Difficult
RETAIL STORES
$3,300,000
Change: +139% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,460,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$2,085,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$2,020,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $3.14M (Dec 15 2021)
Last sale anchor
$3.14M
Dec 15 2021
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
$225 / 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
$33,860
Tax year 2023
Assessed value
$859,680
Assessed 2023
Previous assessed
$640,000
+34.3% YoY
Effective rate
3.94%
On assessed value
Assessed land
$425,820
Assessed improvement
$433,860
Land market value
$1,330,700
Improvement market value
$1,355,800
Total market value
$2,686,500
Applied tax rate
120.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
13,520 SF
Lot
9.26 ac (403,366 SF)
Zoning code
C-8
APN
30K-6-4-070-0
UPID
US48-0174054
Jurisdiction
ST LOUIS
Zoning & alternative use
C-8 · Saint Louis, MO
Zoning C-8 · permitted uses
C-8 · 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
RESTAURANT
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
9.26 ac
Current owner
From public records · entity-resolved
Metropolitan St Louis Sewer Distric
Individual
Mailing address
1 VICTORY DR, PEVELY, MO 63070-2748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
—
Metropolitan St Louis Sewer Distric
Victory Church
Deed
—
Dec 15, 2021
$3,140,000
Victory Church
Ppm Keller Plaza LLC
Special Warranty Deed
$2,826,000 · Carrollton Bank
Jan 10, 2018
—
Ppm Of Keller Plaza LLC
—
Grant Deed
related
$3,059,151 · Midwest Bankcentre
Jan 26, 2011
—
Keller Station INC
—
Deed Of Trust
related
$289,000,000 · Bank Of America
Jul 5, 2007
$5,923,268
Keller Station INC
Owner Name Unavailable
Warranty 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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