Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    88 Gore Ave Saint Louis, MO 63119-2331

    • Medical offices
    • 3,444 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0519254
    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

    • Dr. Alethea Eller / Vitamin & Supplements Store / Doctor
    • Big Bend Yoga Center / Yoga Studio

    Property Details for 88 Gore Ave

    Year built
    1995
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    3,444 SF
    Zone code
    E
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    22L-3-2-066-2
    APU
    22L320662

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $532,000
      Market price range: $234k - $882k
      AI Estimate
      $404,000
      Market price range: $232k - $534k

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.3606
    Latitude
    38.596
    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
    $14,252
    $20,900
    $128,450
    $149,350
    -
    $65,300
    $401,400
    $466,700

    Comparable in this City

    • Value Estimation
      $365,000
      2,889 SF

      8969 Watson Rd

      MEDICAL CLINIC • 2,889 SF
      8969 Watson Rd, Saint Louis, MO 63119-5115
      View Details
    • Value Estimation
      $315,000
      1,956 SF

      8537 Watson Rd

      MEDICAL CLINIC • 1,956 SF
      8537 Watson Rd, Saint Louis, MO 63119-5218
      View Details
    • Value Estimation
      $570,000
      19,335 SF

      7748 Watson Rd

      MEDICAL CLINIC • 19,335 SF
      7748 Watson Rd, Saint Louis, MO 63119-5407
      View Details
    • Value Estimation
      $340,000
      2,816 SF

      9116 Big Bnd Blvd

      MEDICAL CLINIC • 2,816 SF
      9116 Big Bnd Blvd, Saint Louis, MO 63119-3919
      View Details
    • Value Estimation
      $300,000
      2,000 SF

      16 Lockwood Ave

      MEDICAL CLINIC • 2,000 SF
      16 Lockwood Ave, Saint Louis, MO 63119-2932
      View Details
    • Value Estimation
      $585,000
      2,797 SF

      24 Gore Ave

      MEDICAL CLINIC • 2,797 SF
      24 Gore Ave, Saint Louis, MO 63119-2910
      View Details

    Similar Nearby for Sale

    • $475,000
      2,280 SF

      Freestanding Building in Webster Groves

      Versatile commercial building in a high-demand St. Louis submarket.
      Saint Louis, MO 63119
      View Details
    • $475,000
      2,280 SF

      Freestanding Building in Webster Groves

      2,280 SF building in high-demand Webster Groves submarket.
      7927 Big Bend Blvd, Saint Louis, MO 63119
      View Details
    • $525,000
      3,212 SF

      Office Building with Vacant Lot

      Two-story office building with adjacent vacant lot for sale.
      7838 Big Bend Blvd, Saint Louis, MO 63119
      View Details
    • $395,000
      3,080 SF

      Webster Groves Retail/Office Building

      Two-level building in Webster Groves near shops and restaurants.
      7915 Big Bend Blvd, Saint Louis, MO 63119
      View Details
    • $445,000
      8,040 SF

      Sawmill Village Retail Spaces Available

      High-traffic Summerville retail spaces, 1,200-18,470 sq ft.
      7227 Devonshire Ave St, St. Louis, MO 63119
      View Details
    • $225,000
      1.50 Acres

      Prime 1.5-Acre Commercial Land

      St. Louis County Retail Opportunity
      7725 Watson Rd St, St. Louis, MO 63119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      133,313 SF

      Market at McKnight Retail Space

      St. Louis retail center, 5,825 SF available
      9600 Manchester Rd St, St. Louis, MO 63119
      View Details
    • $22 SF/Yr
      128,702 SF

      Owen Ridge Campus: Premier Office Space

      St. Louis County Executive Suites & Offices
      345 Marshall Ave, Webster Groves, MO 63119
      View Details
    • $21 SF/Yr
      20,768 SF

      Brentwood Blvd Executive Office Space

      Prime Webster Groves Office, 8,925 SF Available
      3225 Brentwood Blvd, Webster Groves, MO 63119
      View Details
    • $33 SF/Yr
      5,214 SF

      Webster Groves Office Suite

      Small Office, Prime Location, All-Inclusive Rent
      8730 Big Bnd Blvd, Webster Groves, MO 63119
      View Details
    • $17 SF/Yr
      2,300 SF

      Prime Webster Groves Office Space

      2300 SF Executive Office Suite Available
      7508 Big Bnd Blvd, Webster Groves, MO 63119
      View Details
    • $28 SF/Yr
      12,000 SF

      Saint Louis Office Space Available

      Office space available for lease in Saint Louis, Missouri.
      75 W Lockwood Ave, Saint Louis, MO 63119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    88 Gore Ave
    Saint Louis, MO 63119-2331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.