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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    838 Lemay Fry Rd Saint Louis, MO 63125-1750

    • Office buildings
    • 1,628 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2023
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0483249
    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

    • Office buildings

    Property Details for 838 Lemay Fry Rd

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    1,628 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    27H-6-4-212-2
    APU
    27H642122

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2838
    Latitude
    38.5367
    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
    $5,896
    $5,530
    $52,880
    $58,410
    -
    $21,300
    $195,400
    $216,700

    Comparable in this City

    • Value Estimation
      $1,070,000
      8,772 SF

      2901 Un Rd

      OFFICE BUILDING • 8,772 SF
      2901 Un Rd, Saint Louis, MO 63125-3985
      View Details
    • Value Estimation by Request
      1,788 SF

      1837 Lemay Fry Rd

      PROFESSIONAL BUILDING • 1,788 SF
      1837 Lemay Fry Rd, Saint Louis, MO 63125-2412
      View Details
    • Value Estimation by Request
      2,322 SF

      762 Lemay Fry Rd

      PROFESSIONAL BUILDING • 2,322 SF
      762 Lemay Fry Rd, Saint Louis, MO 63125-1428
      View Details
    • Value Estimation
      $2,225,000
      21,198 SF

      7321 Lindbergh Blvd

      OFFICE BUILDING • 21,198 SF
      7321 Lindbergh Blvd, Saint Louis, MO 63125-4576
      View Details
    • Value Estimation by Request
      3,149 SF

      2023 Lemay Fry Rd

      PROFESSIONAL BUILDING • 3,149 SF
      2023 Lemay Fry Rd, Saint Louis, MO 63125-2434
      View Details
    • Value Estimation
      $3,255,000
      52,082 SF

      2900 Lemay Fry Rd

      OFFICE BUILDING • 52,082 SF
      2900 Lemay Fry Rd, Saint Louis, MO 63125-3900
      View Details

    Similar Nearby for Sale

    • $1,200,000
      17,000 SF

      Lemay Ferry Rd Creative Office Space

      St. Louis Office/Warehouse, Great Location!
      664 Lemay Fry Rd St, St. Louis, MO 63125
      View Details
    • Contact for pricing
      0.70 Acres

      St. Louis Commercial Land Parcel

      0.7-acre commercial lot, prime location.
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      1.00 Acre

      Lemay Ferry Shopping Center Investment

      Grocery-anchored retail center in St. Louis, MO.
      1032 Lemay Fry Rd St, St. Louis, MO 63125
      View Details
    • $59,900
      0.42 Acres

      Commercial Land Ready For Business

      Commercial zoned land in high traffic area near highway.
      3947 Reavis Barracks Rd St, Louis, MO 63125
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    • $900,000
      1.01 Acres

      Prime Cook County Warehouse Space

      6,192 SF Warehouse - Immediate Occupancy
      1100-1120 Lemay Fry Rd St, St. Louis, MO 63125
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    • $59,900

      Commercial Land Ready For Business

      Commercial zoned land suitable for various business ventures.
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    Similar Nearby for Lease

    • Contact for pricing
      6,288 SF

      McArthur's Bakery Plaza: Medical Office Space

      St. Louis medical office suites available.
      3001 Lemay Fry Rd St, St. Louis, MO 63125
      View Details
    • $1,300 /Mo
      6,098 SF

      Retail/Office Space on High-Traffic Street

      Commercial property on high-traffic street, suitable for retail or office.
      1900 Telegraph Rd, Saint Louis, MO 63125
      View Details
    • $10 SF/Yr
      9,960 SF

      Retail Space with High Traffic

      Retail space with easy access and high traffic.
      3641-3661 Reavis Barracks Rd, Saint Louis, MO 63125
      View Details
    • Contact for pricing
      859 SF

      Retail Space in South County

      Retail space with high visibility and easy access.
      7449-7463 S Lindbergh Blvd, Saint Louis, MO 63125
      View Details
    • $10 SF/Yr
      45,302 SF

      Retail Space in High Traffic Area

      Retail space with easy access and high traffic.
      3661 Reavis Barracks Rd St, Louis, MO 63125
      View Details
    • $7 SF/Yr
      20,783 SF

      Maple Hills Shopping Center

      Retail properties • 20,783 SF
      2210 Un Rd St, St. Louis, MO 63125
      View Details
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    838 Lemay Fry Rd
    Saint Louis, MO 63125-1750
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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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