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

    6027 Chippewa St, Unit 6045 Saint Louis, MO 63109-2110

    • Strip malls
    • 8,525 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    May 07, 2024
    $1,090,000
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    3.3%
    Strip malls
    Location Intelligence
    Property ID
    US48-0482424
    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

    • Strip malls

    Property Details for 6027 Chippewa St

    Year built
    1962
    Construction
    CONCRETE BLOCKS
    Lot size
    0.60 lot acres
    Property size
    8,525 SF
    Zone code
    F
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    645300-03190
    APU
    64530003190

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,090,000
      ML approach
      $1,090,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $870,000
      Current use
      RETAIL STORES
      $1,785,000
      Change: +105% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,550,000
      Change: +78% Conversion: Easy
      MEDICAL BUILDING
      $1,315,000
      Change: +51% Conversion: Difficult
      OFFICE BUILDING
      $1,275,000
      Change: +46% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,065,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    Saint Louis City
    State
    Missouri
    Longitude
    -90.2958
    Latitude
    38.5938
    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
    $16,290
    $83,100
    $86,600
    $169,700
    -
    $259,600
    $270,487
    $530,087

    Comparable in this City

    • Value Estimation
      $915,000
      22,848 SF

      4624 Kingshighway Blvd, Unit 4700

      SHOPPING CENTER, STRIP CENTER • 22,848 SF
      4624 Kingshighway Blvd, Saint Louis, MO 63109-2927
      View Details
    • Value Estimation
      $670,000
      10,507 SF

      6900 Chippewa St, Unit 6926

      SHOPPING CENTER, STRIP CENTER • 10,507 SF
      6900 Chippewa St, Saint Louis, MO 63109-3038
      View Details
    • Value Estimation by Request
      7,610 SF

      6411 Chippewa St, Unit 6417

      SHOPPING CENTER, STRIP CENTER • 7,610 SF
      6411 Chippewa St, Saint Louis, MO 63109-2104
      View Details
    • Value Estimation by Request
      4,000 SF

      6424 Chippewa St

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      6424 Chippewa St, Saint Louis, MO 63109
      View Details
    • Value Estimation by Request
      5,844 SF

      3814 Hampton Ave, Unit 3824

      SHOPPING CENTER, STRIP CENTER • 5,844 SF
      3814 Hampton Ave, Saint Louis, MO 63109-1409
      View Details
    • Value Estimation
      $28,645,000
      140,933 SF

      4255 Hampton Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 140,933 SF
      4255 Hampton Ave, Saint Louis, MO 63109-2120
      View Details

    Similar Nearby for Sale

    • $832,500
      4,500 SF

      St. Louis Retail Building - Owner/User

      Turnkey Salon w/ Apartment, High Visibility
      6762 Chippewa St St, St. Louis, MO 63109
      View Details
    • New
      $315,000
      Pending

      St Louis Retail Property

      Retail property for sale in St Louis, Missouri.
      3919 Jamieson Ave St, Louis, MO 63109
      View Details
    • New
      $315,000
      Pending

      St Louis Retail/Office Building

      Retail and office property for sale in St Louis, Missouri.
      3915 Jamieson Ave St, Louis, MO 63109
      View Details
    • $250,000
      Pending

      Princeton Heights Two-Family Property

      Move-in ready duplex in desirable Princeton Heights neighborhood.
      5600 S Kingshighway Blvd St, Louis, MO 63109
      View Details
    • New
      $375,000
      2,856 SF

      St Louis Quadplex Investment Property

      Well-maintained four-unit property in desirable North Hampton neighborhood.
      5026 Chippewa St, Louis, MO 63109
      View Details
    • $359,900
      Pending

      St Louis Investment Property

      Well-maintained South City duplex with modern updates and desirable amenities.
      5185 Goethe Ave St, Louis, MO 63109
      View Details

    Similar Nearby for Lease

    • New
      $14 SF/Yr
      4,221 SF

      Retail Space in Vibrant Neighborhood

      Prime retail center with high visibility in St. Louis.
      5848-5858 Hampton Ave St, Louis, MO 63109
      View Details
    • $18 SF/Yr
      1,900 SF

      Retail/Office Building on Hampton Avenue

      Freestanding 1,900 SF building on high-traffic Hampton Avenue.
      4601 Hampton Ave, Saint Louis, MO 63109
      View Details
    • Contact for pricing
      217,702 SF

      Hampton Village Plaza Office Suites

      St. Louis Executive Office Space Available
      60 Hampton Vlg Plz St, St. Louis, MO 63109
      View Details
    • Contact for pricing
      1 SF

      St. Louis Medical Office Building

      Four-story medical office, 1 suite available.
      6651 Chippewa St St, St. Louis, MO 63109
      View Details
    • $21 SF/Yr
      4,250 SF

      Medical Office in High-Traffic Area

      Well-equipped medical office with high visibility and ample parking.
      5701 Chippewa St, Saint Louis, MO 63109
      View Details
    • $14 SF/Yr
      2,583 SF

      Updated Office Space For Rent

      Updated office space with high-end finishes in high-traffic area.
      4700 Hampton Ave St, Louis, MO 63109
      View Details
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    Saint Louis, MO 63109-2110
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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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