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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Retail space
9177 Watson Rd Saint Louis, MO 63126-2239
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US48-0273136
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
20,347 SF
Lot
1.86 ac (81,022 SF)
Zoning code
69C-1
APN
25L-5-1-024-6
UPID
US48-0273136
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
$4.21M
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$1.21M
Owner & transaction history
Devmar Partners LLC · 8 yrs held
Devmar Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
69C-1 · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Citywide Zoning District Map
Top alternative use upside
Restaurant
$5.6M
+77.2%
Commercial (general)
$3.7M
+16.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,560,000
6.5%
$4,210,000
7%
$3,910,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,180,000
Current use
RESTAURANT
$5,635,000
Change: +77% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,700,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$3,135,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$3,040,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$59 / 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
$79,006
Tax year 2023
Assessed value
$876,390
Assessed 2023
Previous assessed
$563,400
+55.6% YoY
Effective rate
9.01%
On assessed value
Assessed land
$138,660
Assessed improvement
$737,730
Land market value
$433,300
Improvement market value
$2,305,400
Total market value
$2,738,700
Applied tax rate
138.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Rooms
11
Total area
20,347 SF
Lot
1.86 ac (81,022 SF)
Zoning code
69C-1
APN
25L-5-1-024-6
UPID
US48-0273136
Jurisdiction
ST LOUIS
Zoning & alternative use
69C-1 · Saint Louis, MOZoning 69C-1 · permitted uses
69C-1 · Saint Louis, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Citywide Zoning District Map
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
RESTAURANT
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
1983
Heating
NONE
Stories
1
Rooms
11
Lot
1.86 ac
Current owner
From public records · entity-resolved
Devmar Partners LLC
Entity
Mailing address
2005 STRADELLA RD, LOS ANGELES, CA 90077-2322
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
—
Devmar Partners LLC
—
Deed
related
$443,055 · Symetra Life Insurance Co
Aug 18, 2017
$3,060,000
Devmar Partners LLC
Barmur Ra 1 LLC
Grant Deed
$1,600,000 · Wells Fargo Bk
Jun 29, 2016
—
Barmur Ra 1 LLC
—
Deed
related
$1,263,332 · Wells Fargo Bank NA
Dec 11, 2014
$1,460,000
Barmur Ra 1 LLC
Kflp Watson Properties LLC
Grant Deed
—
May 2, 2006
—
Kflp Watson Properties LLC
Crestwood Centre Ptshp LLP
Warranty Deed
—
Sep 17, 1998
—
Crestwood Centre Partnership
—
Deed Of Trust
related
$3,141,083 · Commerce Bank
—
—
Kflp Watson Properties LLC
—
Deed Of Trust
related
$1,540,084 · Key Bank & Trust
—
—
Fft Watson Properties LLC
—
Deed Of Trust
related
$1,121,250 · United Bank Of Union
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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