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    501 Paul Ave Florissant, MO 63031-5310
    Property profile & analytics

    501 Paul Ave, Florissant, MO 63031-5310

    View on Map
    • Strip malls
    • 10,000 SF
    • 0.92 lot acres
    Off-Market
    Last Sale Nov 4, 2020
    $500,000
    Property ID
    US48-0032949
    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.
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    7.8%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • ATM / Atm
    • Quick 7 Liquor & Mini Mart / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 501 Paul Ave

    Year built
    1962
    Lot size
    0.92 lot acres
    Zone code
    B1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    07K-1-4-089-3
    APU
    07K140893

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 2020 $500,000 Jordan Management INC Hamid Mangal Special Warranty Deed $400k · First National Bank Of Waterloo
    Nov 4, 2020 — Jordan Management INC — Deed · related $400k · First Nat'l Bk/waterloo
    May 17, 2005 $400,000 Hamid Mangal Neel Hari LLC Warranty Deed $260k · Citizens National Bank Greater St L
    Oct 26, 2000 — Neel-hari LLC Gershman Trust Grant Deed · related —
    — — Neel-hari LLC — Deed Of Trust · related $360k · Reliance Bank
    — — Jordan Management INC — Deed Of Trust · related $400k · First Nat'l Bk/waterloo

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $715,000
      6.5%
      $660,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $679,000
      Market price range: $679k - $1.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $885,000
      INDUSTRIAL (GENERAL)
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Florissant
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.3528
    Latitude
    38.8059
    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
    $16,563
    $51,300
    $84,740
    $136,040
    -
    $160,300
    $264,800
    $425,100

    Comparable in this City

    • Value Estimation by Request
      7,185 SF

      121 Graham Rd, Unit A

      SHOPPING CENTER, STRIP CENTER
      121 Graham Rd, Florissant, MO 63031-7026
      View Details
    • Value Estimation
      $6,400,000
      96,780 SF

      440 Hwy 67th St

      SHOPPING CENTER, STRIP CENTER
      440 Hwy 67th St, Florissant, MO 63031-5102
      View Details
    • Value Estimation
      $5,175,000
      128,257 SF

      570 Hwy 67th St

      SHOPPING CENTER, STRIP CENTER
      570 Hwy 67th St, Florissant, MO 63031-5104
      View Details
    • Value Estimation
      $1,980,000
      35,580 SF

      428 Howdershell Rd

      SHOPPING CENTER, STRIP CENTER
      428 Howdershell Rd, Florissant, MO 63031-6419
      View Details
    • Value Estimation
      $1,310,000
      9,216 SF

      1101 Howdershell Rd

      SHOPPING CENTER, STRIP CENTER
      1101 Howdershell Rd, Florissant, MO 63031-7520
      View Details
    • Value Estimation
      $2,670,000
      56,321 SF

      2235 Charbonier Rd

      SHOPPING CENTER, STRIP CENTER
      2235 Charbonier Rd, Florissant, MO 63031-5519
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,740 SF

      Retail Property in High-Traffic Area

      Multi-tenant retail property for sale or lease in Florissant, MO.
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      38,240 SF

      Florissant Plaza Retail Center

      Fully occupied 38,240 SF neighborhood center in St. Louis.
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    • Contact for pricing

      Restaurant Outlot in Florissant, MO

      1,090 SF former restaurant space for lease or sale.
      1100 Shackelford Rd, Florissant, MO 63031
      View Details
    • New
      $275,000
      0.11 Acres

      Mixed-Use Office/Retail Building

      Versatile interior with private offices, reception, kitchenette, studio area, and two bathrooms—well suited for multiple service concepts.
      305 Rue Saint Francois St, Florissant, MO 63031
      View Details
    • $238,500
      0.10 Acres

      Move-In Ready Mixed-Use Building

      Commercial building in the heart of Old Town Florissant.
      560 N Jefferson St, Florissant, MO 63031
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,005 SF

      Retail Space in Active Corridor

      Retail space in a high-traffic area with strong demographics.
      555-577 Howdershell Rd, Florissant, MO 63031
      View Details
    • Contact for pricing
      1,040 SF

      Retail Space in Anchored Center

      1,040 SF retail space with high visibility.
      2109-2175 Charbonier Rd St, Louis, MO 63031
      View Details
    • Contact for pricing

      Florissant Shopping Center Space Available

      141,575 SF shopping center in Florissant, Missouri.
      492 Us Highway 67 N, Florissant, MO 63031
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Florissant Marketplace

      Retail space available in anchored Florissant Marketplace shopping center.
      8182-8234 N Lindbergh Blvd, Florissant, MO 63031
      View Details
    • Contact for pricing
      1,226 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in Florissant, MO, with high visibility.
      440-530 Us Highway 67 N, Florissant, MO 63031
      View Details
    • Contact for pricing
      1,040 SF

      Retail Space in Schnucks Center

      Retail space available in Schnucks-anchored shopping center.
      2235 Charbonier Rd, Florissant, MO 63031
      View Details
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    501 Paul Ave
    Florissant, MO 63031-5310
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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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