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

    6408 Saint Louis Ave St Louis, MO 63121

    • Industrial properties
    • 2,400 SF
    • 0.16 lot acres
    For Sale
    View listing
    $170,000
    Value Estimations
    Cap Rate Potential
    3.7%
    Industrial properties
    Location Intelligence
    Property ID
    US48-0087712
    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

    • Industrial properties

    Property Details for 6408 Saint Louis Ave St

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    2,400 SF
    Zone code
    68COMCL
    Property type
    Industrial properties
    APN
    16H-6-1-075-0
    APU
    16H610750

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $252,000
      Market price range: $81.0k - $270k
      AI Estimate
      $212,000
      Market price range: $53.1k - $246k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $165,000
      Current use
      RETAIL STORES
      $375,000
      Change: +130% Conversion: Moderate
      MEDICAL BUILDING
      $370,000
      Change: +127% Conversion: Difficult
      OFFICE BUILDING
      $360,000
      Change: +120% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $300,000
      Change: +84% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $245,000
      Change: +51% Conversion: Difficult
      WAREHOUSE, STORAGE
      $170,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.288
    Latitude
    38.6853
    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
    $5,759
    $5,540
    $40,540
    $46,080
    -
    $17,300
    $126,700
    $144,000

    Comparable in this City

    • Value Estimation by Request
      26,000 SF

      1822 Cherry Ave St

      Manufacturing properties • 26,000 SF
      1822 Cherry Ave St, St. Louis, MO 63121
      View Details
    • Value Estimation
      $260,000
      2,346 SF

      8651 Natural Brg Rd

      CONSTRUCTION/CONTRACTING SERVICES • 2,346 SF
      8651 Natural Brg Rd, Saint Louis, MO 63121-4109
      View Details
    • Value Estimation
      $265,000
      0.29 Acres

      6310 Natural Brg Rda

      HEAVY INDUSTRIAL • 0.29 Acres
      6310 Natural Brg Rda, Saint Louis, MO 63121-5426
      View Details
    • Value Estimation
      $260,000
      0.04 Acres

      6265 Natural Brg Rd

      INDUSTRIAL (GENERAL) • 0.04 Acres
      6265 Natural Brg Rd, Saint Louis, MO 63121-5458
      View Details
    • Value Estimation
      $420,000
      9.41 Acres

      2150 Kienlen Ave

      INDUSTRIAL (GENERAL) • 9.41 Acres
      2150 Kienlen Ave, Saint Louis, MO 63121-5505
      View Details
    • Value Estimation
      $250,000
      2,960 SF

      8801 Natural Brg Rd

      CONSTRUCTION/CONTRACTING SERVICES • 2,960 SF
      8801 Natural Brg Rd, Saint Louis, MO 63121-3933
      View Details

    Similar Nearby for Sale

    • $170,000
      2,400 SF

      Hillsdale Warehouse with Pull-Through Access

      2,400 sq ft warehouse in St Louis, ready for redevelopment.
      6408 Saint Louis Ave St, Louis, MO 63121
      View Details
    • $349,900

      Turnkey Daycare or Office Space

      3,000 SF daycare facility or office space for sale.
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      View Details
    • $700,000
      8,750 SF

      St. Louis Commercial Building

      8,750 SF Auto Shop/Flex Space
      1401 Florissant Rd St, St. Louis, MO 63121
      View Details
    • $398,000
      22,782 SF

      Redevelopment Opportunity on S. Florissant

      Half-acre site near I-70 and multiple businesses.
      1617 S Florissant Rd, Saint Louis, MO 63121
      View Details
    • $2,400,000

      Redevelopment Site with Existing Buildings

      10-acre site with existing buildings, redevelopment potential, and high visibility.
      206 Emerling Dr, Saint Louis, MO 63121
      View Details
    • $188,176

      Land on N. Hanley Rd.

      Land with excellent visibility and flexible development potential.
      3801 N Hanley Rd, Saint Louis, MO 63121
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    Similar Nearby for Lease

    • $3 SF/Yr
      26,000 SF

      St. Louis Manufacturing Space For Lease

      26,000 SF Industrial Building, Missouri
      1822 Cherry Ave St, St. Louis, MO 63121
      View Details
    • Contact for pricing
      1,288 SF

      St. Louis Retail Space For Lease

      Prime Retail Space, 1288 sq ft, St. Louis, MO
      8804 Natural Brg Rd St, St. Louis, MO 63121
      View Details
    • $4 SF/Yr
      258,896 SF

      Prime St. Louis County Retail Space

      Large retail space, multiple units available. St. Louis County location.
      201 Evans Ln St, St. Louis, MO 63121
      View Details
    • Contact for pricing
      1,288 SF

      Retail Building on Natural Bridge

      Retail building with high visibility available for lease.
      8804 Natural Bridge Rd, Saint Louis, MO 63121
      View Details
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    6408 Saint Louis Ave St
    Louis, MO 63121
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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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