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Property profile & analytics
OFF-MARKET
Estimated value
$6,115,000
Drug stores
651 Lemay Fry Rd, Saint Louis, MO 63125-1508
Entity Owned
6-yr Hold
Free & Clear
Property ID
US48-0224877
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
16,936 SF
Lot
2.96 ac (128,938 SF)
Zoning code
C2
APN
26G-1-1-201-0
UPID
US48-0224877
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
Current use
Occupant on record · Public records
-
VyStar Credit Union ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.12M
Owner & transaction history
Mdc Coastal 11 LLC · 6 yrs held
Mdc Coastal 11 LLC
since 2020
Last sale
$6.5M
3 recorded transactions
Zoning & alternative use
C2 · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+186.0%
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
$8,395,000
ML approach
$8,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,690,000
Change: +186% · Conversion: Easy
Blend value · Realmo final
$6.12M
Range $5.50M – $6.73M · ±10% · vs last sale $6.54M (Jan 3 2020)
Last sale anchor
$6.54M
Jan 3 2020
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
$361 / 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
$110,259
Tax year 2023
Assessed value
$993,660
Assessed 2023
Previous assessed
$1,021,630
-2.7% YoY
Effective rate
11.10%
On assessed value
Assessed land
$363,100
Assessed improvement
$630,560
Land market value
$1,134,700
Improvement market value
$1,970,500
Total market value
$3,105,200
Applied tax rate
113.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
11
Total area
16,936 SF
Lot
2.96 ac (128,938 SF)
Zoning code
C2
APN
26G-1-1-201-0
UPID
US48-0224877
Jurisdiction
ST LOUIS
Zoning & alternative use
C2 · Saint Louis, MO
Zoning C2 · permitted uses
C2 · 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
$4.7M
RESTAURANT
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
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Lot
2.96 ac
Current owner
From public records · entity-resolved
Mdc Coastal 11 LLC
Entity
Free & Clear · 6 yrs held
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
$6,540,814
Mdc Coastal 11 LLC
Wg St Louis Lemay Mo Ll Arcp
Grant Deed
—
Jan 3, 2020
—
Mdc Coastal 11 LLC
Arcp Wg St Louis Lemay Mo LLC
Grant Deed
related
—
Dec 18, 2014
$6,601,222
Arcp Wg St Louis Lemay Mo Ll
Walgreen Co
Grant Deed
$119,065,000 · Ladder Cap Fin
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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