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    Property profile & analytics

    499 Salt Lick Rd Saint Peters, MO 63376-1290

    • Drug stores
    • 14,704 SF
    • 1.39 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2025
    Value Estimations
    $3,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3154631
    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

    • Walgreens Pharmacy / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Natalie Hoselton, RPH / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 499 Salt Lick Rd

    Year built
    2007
    Lot size
    1.39 lot acres
    Property size
    14,704 SF
    Property type
    Drug stores
    APN
    2-0055-A155-00-00B1.0000000
    APU
    20055A1550000B10000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,373,000
      Market price range: $1.09M - $3.37M
      AI Estimate
      $3,373,000
      Market price range: $1.09M - $3.37M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,455,000
      Current use
      RESTAURANT
      $5,595,000
      Change: +128% Conversion: Easy
      MEDICAL BUILDING
      $2,850,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,550,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,090,000
      Change: -15% Conversion: Moderate
      OFFICE BUILDING
      $2,050,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peters
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.6572
    Latitude
    38.7965
    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
    0
    $0.00
    $0.00
    $0.00
    $633,253
    -
    $635,754
    $1,343,163
    $1,978,917

    Comparable in this City

    • Value Estimation
      $3,505,000
      15,284 SF

      909 Jungermann Rd

      DRUG STORE, PHARMACY • 15,284 SF
      909 Jungermann Rd, Saint Peters, MO 63376-3094
      View Details
    • Value Estimation
      $3,210,000
      13,992 SF

      530 Mid Rivers Mall Dr

      DRUG STORE, PHARMACY • 13,992 SF
      530 Mid Rivers Mall Dr, Saint Peters, MO 63376-2150
      View Details
    • Value Estimation
      $3,405,000
      14,850 SF

      1305 Jungermann Rd

      DRUG STORE, PHARMACY • 14,850 SF
      1305 Jungermann Rd, Saint Peters, MO 63376-7304
      View Details
    • Value Estimation
      $2,980,000
      12,996 SF

      400 Mid Rivers Mall Dr

      DRUG STORE, PHARMACY • 12,996 SF
      400 Mid Rivers Mall Dr, Saint Peters, MO 63376-1577
      View Details
    • Value Estimation
      $3,115,000
      13,580 SF

      200 Mexico Rd

      DRUG STORE, PHARMACY • 13,580 SF
      200 Mexico Rd, Saint Peters, MO 63376
      View Details
    • Value Estimation
      $2,980,000
      12,996 SF

      1749 Woodstone Dr

      DRUG STORE, PHARMACY • 12,996 SF
      1749 Woodstone Dr, Saint Peters, MO 63376-7404
      View Details

    Similar Nearby for Sale

    • $200,000
      0.16 Acres

      Remodeled Commercial Property on Jungermann

      Newly remodeled commercial property on heavily traveled Jungermann Road.
      406 Jungermann Rd, St Peters, MO 63376
      View Details
    • $375,000
      Pending

      Cottleville Commercial Property For Sale

      Well-located Cottleville property with high visibility and redevelopment potential.
      1257 Saint Peters Cottleville Rd, Cottleville, MO 63376
      View Details
    • $1,250,000
      1,798 SF

      Retail Space in Business Park

      Retail suite available in a high-traffic business park.
      1405 Jungermann Rd, St Peters, MO 63376
      View Details
    • Contact for pricing
      520 SF

      St. Peters Retail/Office Building

      Multi-tenant retail/office building in prime location, suitable for investment.
      1236 Jungermann Rd, St Peters, MO 63376
      View Details
    • Contact for pricing
      140,970 SF

      Mid Rivers Mall Retail Space

      Massive Vacant Retail Space, I-70 Access
      3 Mid Rivers Mall Dr, St. Peters, MO 63376
      View Details
    • $836,352
      1.19 Acres

      St. Peters Commercial Lot - Last Available

      Prime St. Peters location, multiple use potential.
      0 Mexico Rd & Mid Rivers Mall Dr, St. Peters, MO 63376
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      880 SF

      Retail Endcap Space Available

      880 SF retail space in St. Peters retail corridor.
      394 Mid Rivers Mall Dr, Saint Peters, MO 63376
      View Details
    • Contact for pricing
      1,578 SF

      Retail Space Near I-70

      Retail space with high visibility and traffic near I-70.
      5943-5957 Suemandy Dr, St Peters, MO 63376
      View Details
    • Contact for pricing
      1,330 SF

      Retail Space in Sunny Meadows

      Retail spaces available in established neighborhood shopping center with ample parking.
      7821-7833 Mexico Rd, Saint Peters, MO 63376
      View Details
    • Contact for pricing
      4,961 SF

      St. Peters Retail Space Available

      Retail units available in St. Peters, Missouri, from 1,232-4,961 SF.
      7475-7525 Mexico Rd, St Peters, MO 63376
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Near Mid Rivers

      Retail space available across from Mid Rivers Mall.
      200-254 Mid Rivers Ctr, St Peters, MO 63376
      View Details
    • $15 SF/Yr
      1,400 SF

      Retail Spaces Near Signalized Intersection

      Two 1,400 SF retail spaces available for lease.
      625-635 Salt Lick Rd, St Peters, MO 63376
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      5.0k
    • Avg Time on site
      14 min
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    Saint Peters, MO 63376-1290
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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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