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    Property profile & analytics

    6607 Chippewa St Saint Louis, MO 63109-2524

    • Turn key restaurants
    • 5,312 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0118089
    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

    • Turn key restaurants

    Property Details for 6607 Chippewa St

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    0.99 lot acres
    Property size
    5,312 SF
    Zone code
    FH
    Property type
    Turn key restaurants
    APN
    608400-01800
    APU
    60840001800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $609,000
      Market price range: $489k - $1.04M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    Saint Louis City
    State
    Missouri
    Longitude
    -90.3052
    Latitude
    38.5913
    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
    $23,710
    $166,400
    $80,600
    $247,000
    -
    $520,000
    $251,845
    $771,845

    Comparable in this City

    • Value Estimation
      $510,000
      4,997 SF

      4200 Kingshighway Blvd

      RESTAURANT • 4,997 SF
      4200 Kingshighway Blvd, Saint Louis, MO 63109
      View Details
    • Value Estimation
      $270,000
      2,200 SF

      4611 Macklind Ave

      RESTAURANT • 2,200 SF
      4611 Macklind Ave, Saint Louis, MO 63109-2926
      View Details
    • Value Estimation
      $350,000
      2,046 SF

      6622 Chippewa St

      RESTAURANT • 2,046 SF
      6622 Chippewa St, Saint Louis, MO 63109-2525
      View Details
    • Value Estimation
      $305,000
      7,139 SF

      3801 Watson Rd, Unit 3811

      RESTAURANT • 7,139 SF
      3801 Watson Rd, Saint Louis, MO 63109-1238
      View Details
    • Value Estimation
      $470,000
      2,400 SF

      6411-6413 Hampton Ave

      RESTAURANT • 2,400 SF
      6411-6413 Hampton Ave, Saint Louis, MO 63109
      View Details
    • Value Estimation
      $300,000
      2,509 SF

      5625 Hampton Ave

      RESTAURANT • 2,509 SF
      5625 Hampton Ave, Saint Louis, MO 63109-3435
      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
    • $325,000
      Pending

      Renovated Duplex in Desirable Neighborhood

      Updated duplex perfect for owner-occupant or investor.
      4928 Devonshire Ave St, Louis, MO 63109
      View Details
    • New
      $595,000
      4,158 SF

      Updated Four-Family in Lindenwood Park

      Updated four-family in Lindenwood Park, ideal for owner occupant/investor.
      6957 Chippewa St St, Louis, MO 63109
      View Details
    • New
      $315,000
      1,926 SF

      Updated Duplex in South City

      Meticulously maintained duplex with updated units and convenient location.
      5503 Rhodes Ave St, Louis, MO 63109
      View Details
    • $415,000
      3,536 SF

      Rehabbed Apartment Units with Garage

      Four updated units with a detached three-car garage.
      5236 Loughborough Ave 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

    • 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
    • $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
      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

    Property Visit Statistics

    • Visits by month
      38.1k
    • Visitors by month
      20.2k
    • Avg Time on site
      21 min
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    6607 Chippewa St
    Saint Louis, MO 63109-2524
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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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