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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Hotels
823-827 Washington Ave Saint Louis, MO 63101
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US48-0536817
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1929
Construction
CONCRETE
Total area
5,966 SF
Lot
0.17 ac (7,500 SF)
Zoning code
I
APN
017000-01201
UPID
US48-0536817
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
$615k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Lennox Suites LLC · 12 yrs held
Lennox Suites LLC
since 2014
7 recorded transactions
Zoning & alternative use
I · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$820,000
+164.9%
Restaurant
$775,000
+149.2%
Auto repair, garage
$615,000
+97.6%
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
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
RETAIL STORES
$820,000
Change: +165% · Conversion: Difficult
RESTAURANT
$775,000
Change: +149% · Conversion: Difficult
AUTO REPAIR, GARAGE
$615,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$460,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$112 / 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
$93,861
Tax year 2023
Assessed value
$896,000
Assessed 2023
Previous assessed
$896,000
+0.0% YoY
Effective rate
10.48%
On assessed value
Assessed land
$96,000
Assessed improvement
$800,000
Land market value
$300,000
Improvement market value
$2,500,000
Total market value
$2,800,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1929
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
25
Units
107
Total area
5,966 SF
Lot
0.17 ac (7,500 SF)
Zoning code
I
APN
017000-01201
UPID
US48-0536817
Jurisdiction
ST LOUIS CITY
Zoning & alternative use
I · Saint Louis, MO
Zoning I · permitted uses
I · 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
RETAIL STORES
Est. value
$820,000
RESTAURANT
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$615,000
OFFICE BUILDING
Est. value
$480,000
MEDICAL BUILDING
Est. value
$460,000
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1929
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
25
Units
107
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lennox Suites LLC
Entity
Mailing address
823-827 WASHINGTON AVE, SAINT LOUIS, MO 63101
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2017
—
St Louis Municipal Finance Cor
—
Loan Modification
related
$320,258,000 · Ambac Assurance Corp
Sep 1, 2017
—
Lennox Suites LLC
—
Grant Deed
related
$17,615,000 · Cibc
May 30, 2014
$2,800,000
Lennox Suites LLC
Convention Center Hotels Acqui
Grant Deed
—
Feb 10, 2009
$98,000,000
Convention Center Hotels Acqui
Krippner Brian
Trustees Deed
—
—
—
Lennox Suites LLC
—
Loan Modification
related
$512,528 · Miscellaneous Govt Agcy
—
—
Lennox Suites LLC
—
Loan Modification
related
$561,760 · Miscellaneous Govt Agcy
—
—
Lennox Suites LLC
—
Loan Modification
related
$479,131 · Miscellaneous Govt Agcy
—
—
Lennox Suites LLC
—
Loan Modification
related
$545,196 · Miscellaneous Govt Agcy
—
—
Lennox Suites LLC
—
Loan Modification
related
$529,145 · Miscellaneous Govt Agcy
—
—
Lennox Suites LLC
—
Loan Modification
related
$577,023 · Miscellaneous Govt Agcy
—
—
Lennox Suites LLC
—
Loan Modification
related
$495,357 · Miscellaneous Govt Agcy
—
—
Lennox Suites LLC
—
Deed Of Trust
related
$12,500,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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