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    7 Millpark Ct Maryland Heights, MO 63043-3536

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    7 Millpark Ct Maryland Heights, MO 63043-3536

    View on Map
    • Retail space
    • 14,676 SF
    • 0.54 lot acres
    Off-Market
    Property ID
    US48-3229160
    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
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 7 Millpark Ct

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property size
    14,676 SF
    Zone code
    104M-1
    Property type
    Retail space
    APN
    15N-6-4-018-8
    APU
    15N640188

    Description

    This vacant 7,338 square foot flex space in Maryland Heights, Missouri, presents a unique owner-user opportunity. Located on a 0.54-acre lot at 7 Millpark Ct, 63043, this property boasts 4,916 square feet of office space, including a test kitchen, and 2,422 square feet of warehouse/storage area. The building features two drive-in doors, 16-foot ceilings, and a 2012 modified bitumen roof with added ISO insulation and three RTUs (installed in 2012). Significant upgrades and improvements were completed in 2021. The property is zoned M-1 (Light Industrial) by the City of Maryland Heights and benefits from its convenient location near Page Avenue, Lindbergh Boulevard, Dorsett Road, and Interstate 270. Real estate taxes for 2024 are estimated at $23,802.17. This former food service provider building offers excellent potential for a variety of industrial or flex uses. The asking price is $810,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $498,000
      Market price range: $386k - $980k

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryland Heights
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4138
    Latitude
    38.7011
    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
    $23,550
    $30,110
    $197,090
    $227,200
    -
    $94,100
    $615,900
    $710,000

    Comparable in this City

    • Value Estimation by Request
      3.41 Acres

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    • Value Estimation by Request
      13.53 Acres

      797 Casino Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 13.53 Acres
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    • Value Estimation
      $920,000
      19.17 Acres

      13955 Riverport Pl Dr Ste, Unit 103

      RETAIL STORES (PERSONAL SERVICES) • 19.17 Acres
      13955 Riverport Pl Dr Ste, Maryland Heights, MO 63043-4853
      View Details
    • Value Estimation
      $630,000
      16,180 SF

      2 Fee Fee Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,180 SF
      2 Fee Fee Rd, Maryland Heights, MO 63043-2729
      View Details
    • Value Estimation by Request
      2,993 SF

      11427 Warnen Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,993 SF
      11427 Warnen Rd, Maryland Heights, MO 63043-3423
      View Details
    • Value Estimation
      $500,000
      12,030 SF

      575 Fee Fee Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,030 SF
      575 Fee Fee Rd, Maryland Heights, MO 63043-3205
      View Details

    Similar Nearby for Sale

    • $750,000
      7,932 SF

      Maryland Heights Retail/Auto Shop Building

      7,932 SF building on 0.65 acres, ideal for retail/auto.
      11721 Dorsett Rd, Maryland Heights, MO 63043
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    • $900,000
      5,300 SF

      Stand-Alone Flex Building For Sale

      5,300 SF flex building with freezer/cooler and commercial kitchen.
      11136 Dorsett Rd, Maryland Heights, MO 63043
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      24,900 SF

      Maryland Heights Flex/Industrial Property

      24,900 SF flex/industrial property in Maryland Heights, Missouri.
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      Renovated Office Building For Lease

      Three-story office building with flexible floor plates and renovated interiors.
      13900 Riverport Dr, Maryland Heights, MO 63043
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    • $600,000

      2.63 Acre Site on Dorsett

      2.63 acre site with frontage on Dorsett Road.
      11737 Dorsett Rd, Maryland Heights, MO 63043
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    • Contact for pricing
      24,900 SF

      Industrial Property with Fenced Storage

      24,900 SF industrial property with fenced outside storage.
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    Similar Nearby for Lease

    • Contact for pricing
      1,970 SF

      Retail Space Near I-270

      Retail space with high visibility and traffic counts available for rent.
      12201-12211 Dorsett Rd, Maryland Heights, MO 63043
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space For Lease

      1,000 SF retail space available in Maryland Heights, MO.
      1 Midland Ave, Maryland Heights, MO 63043
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    • Contact for pricing
      1,200 SF

      Retail Space in Maryland Heights

      Retail spaces available in an anchored shopping center.
      12626-12676 Dorsett Rd, Maryland Heights, MO 63043
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    • Contact for pricing
      3,400 SF

      Retail Space with Dock Loading

      2,700 SF retail space with high visibility and dock.
      11970-11994 Dorsett Rd, Maryland Heights, MO 63043
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    • Contact for pricing

      Retail Space on Dorsett Road

      Retail spaces with dock loading and high visibility available for lease.
      11970 Dorsett Rd, Maryland Heights, MO 63043
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces available for rent.
      11705 Dorsett Rd, Maryland Heights, MO 63043
      View Details
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    7 Millpark Ct
    Maryland Heights, MO 63043-3536
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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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