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    701 New Ballas Rd Saint Louis, MO 63141-6715
    Property profile & analytics

    701 New Ballas Rd Saint Louis, MO 63141-6715

    View on Map
    • Strip malls
    • 4,758 SF
    • 2.83 lot acres
    Off-Market
    Property ID
    US48-0182430
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sauce on the Side® / Restaurant

    Property Details for 701 New Ballas Rd

    Year built
    1983
    Construction
    FRAME
    Lot size
    2.83 lot acres
    Property size
    4,758 SF
    Zone code
    82CB
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    17O-3-3-122-1
    APU
    17O331221

    Description

    Plaza Shops in Creve Coeur, Missouri, offers a fantastic retail opportunity at 701 N New Ballas Rd, 63141. This established shopping center boasts a total of 26,012 square feet of retail space, strategically located at the intersection of N Ballas Rd and Olive Blvd. Currently, there are 4,846 square feet of vacant space available, with a minimum divisible unit of 1,038 square feet and a maximum contiguous space of 2,396 square feet, perfect for a variety of retail uses, including storefront, shopping center, or restaurant concepts. The property provides ample parking with a ratio of 6.3 spaces per 1,000 square feet. The available space is delivered in "white box" condition, allowing for complete customization to suit your business needs. This high-traffic location in the Creve Coeur submarket offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving retail environment. The property's prime location and flexible space options make it a compelling investment opportunity. Contact us today to learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.444
    Latitude
    38.669
    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
    $131,311
    $591,710
    $654,050
    $1,245,760
    -
    $1,849,100
    $2,043,900
    $3,893,000

    Comparable in this City

    • Value Estimation
      $1,400,000
      25,544 SF

      1217 Castillons Arc Plz

      SHOPPING CENTER, STRIP CENTER • 25,544 SF
      1217 Castillons Arc Plz, Saint Louis, MO 63141-4403
      View Details
    • Value Estimation by Request
      0.72 Acres

      11056 Olive Blvd

      SHOPPING CENTER, STRIP CENTER • 0.72 Acres
      11056 Olive Blvd, Saint Louis, MO 63141-7615
      View Details
    • Value Estimation
      $610,000
      9,600 SF

      10451 Old Olive St Rd

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      10451 Old Olive St Rd, Saint Louis, MO 63141-5923
      View Details
    • Value Estimation by Request
      7,488 SF

      11252 Olive Blvd

      SHOPPING CENTER, STRIP CENTER • 7,488 SF
      11252 Olive Blvd, Saint Louis, MO 63141-7653
      View Details
    • Value Estimation
      $960,000
      16,417 SF

      12316 Olive Blvd

      SHOPPING CENTER, STRIP CENTER • 16,417 SF
      12316 Olive Blvd, Saint Louis, MO 63141-6443
      View Details
    • Value Estimation
      $2,710,000
      45,177 SF

      11753 Olive Blvd

      SHOPPING CENTER, STRIP CENTER • 45,177 SF
      11753 Olive Blvd, Saint Louis, MO 63141-7003
      View Details

    Similar Nearby for Sale

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      $2,200,000
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      Creve Coeur Commercial Property

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      101,227 SF

      Premier Office Building in Creve Coeur

      High-quality office building in a central St. Louis location.
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      126,146 SF

      Office Building For Sale

      Office building with 126,146 square feet available for sale.
      12312 Olive Blvd St, Louis, MO 63141
      View Details
    • $6,300,000
      63,030 SF

      Creve Coeur Former HQ Property

      High-end office building with divisible floorplates and ample parking.
      9990 Old Olive Street Rd, Saint Louis, MO 63141
      View Details
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      Prime Redevelopment Site in Creve Coeur

      4.5+ acres in Creve Coeur with high traffic frontage.
      11032 Olive Blvd, Saint Louis, MO 63141
      View Details

    Similar Nearby for Lease

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      Retail Space in Bellerive Plaza

      Retail space available in thriving Creve Coeur location.
      12756 Olive Blvd, Creve Coeur, MO 63141
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      5,600 SF

      Medical/Retail Space on Olive Blvd

      5,600 SF space suitable for medical, retail, or restaurant.
      10923 Olive Blvd, Saint Louis, MO 63141
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      Brentwood Retail/Office Space Available

      Retail and office spaces for lease in Brentwood, Missouri.
      8800 Manchester Rd, Brentwood, MO 63141
      View Details
    • $24 SF/Yr

      Creve Coeur Office Building

      Office building in thriving business district with convenient amenities.
      Creve Couer, Saint Louis, MO 63141
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      Retail Space For Lease

      Retail space available for lease in St. Louis, Missouri.
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      Retail and Office Space Available

      22,350 SF building in a high-traffic area.
      13035 Olive Blvd St, Louis, MO 63141
      View Details
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    701 New Ballas Rd
    Saint Louis, MO 63141-6715
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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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