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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Residential income homes
777 Casino Ctr Dr Maryland Heights, MO 63043-4821
Individually Owned
7-yr Hold
Free & Clear
Property ID
US48-0002958
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1996
Total area
17,125 SF
Lot
109.67 ac (4,777,234 SF)
Zoning code
FPNU
APN
11P-4-2-005-0
UPID
US48-0002958
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
St Louis Legacy Ice Foundation · 7 yrs held
St Louis Legacy Ice Foundation
since 2019
7 recorded transactions
Zoning & alternative use
FPNU · Maryland Heights, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+16.3%
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 Maryland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maryland Heights 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,655,000
6.5%
$2,450,000
7%
$2,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Current use
RESTAURANT
$1,970,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10%
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
$135 / 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
$6,818,240
Tax year 2023
Assessed value
$64,000,000
Assessed 2023
Previous assessed
$49,423,170
+29.5% YoY
Effective rate
10.65%
On assessed value
Assessed land
$4,045,540
Assessed improvement
$59,954,460
Land market value
$12,642,300
Improvement market value
$187,357,700
Total market value
$200,000,000
Applied tax rate
126.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1996
Heating
YES
Cooling
WALL UNIT
Buildings
6
Stories
11
Total area
17,125 SF
Lot
109.67 ac (4,777,234 SF)
Zoning code
FPNU
APN
11P-4-2-005-0
UPID
US48-0002958
Jurisdiction
ST LOUIS
Zoning & alternative use
FPNU · Maryland Heights, MO
Zoning FPNU · permitted uses
FPNU · Maryland Heights, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maryland Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
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
1996
Heating
YES
Cooling
Yes
Stories
11
Buildings
6
Lot
109.67 ac
Current owner
From public records · entity-resolved
St Louis Legacy Ice Foundation
Individual
Free & Clear · 7 yrs held
Mailing address
777 CASINO CTR DR, MARYLAND HEIGHTS, MO 63043-4821
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2019
$182,385
St Louis Legacy Ice Foundation
Glp Capital LP
Grant Deed
related
—
Jan 16, 2019
—
Penn Tenant LLC
—
Loan Modification
related
—
Oct 30, 2013
—
Glp Capital LP
Gaming & Leisure Props INC
Quit Claim Deed
related
—
Oct 30, 2013
$29,730,000
Gaming & Leisure Props INC
Penn National Gaming INC
Warranty Deed
related
—
Jun 25, 2009
—
Harrahs Maryland Heights LLC
—
Grant Deed
related
—
Apr 28, 2009
—
Harrahs Maryland Heights LLC
—
Loan Modification
related
—
Feb 6, 2008
—
Harrahs Maryland Heights LLC
—
Grant Deed
related
—
—
—
Penn Tenant LLC
—
Loan Modification
related
$1,500,000,000 · Bank Of America
—
—
Penn Tenant LLC
—
Loan Modification
related
—
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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