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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Strip malls
9860 Watson Rd, Saint Louis, MO 63126-1825
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-3345664
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
FRAME
Total area
10,863 SF
Lot
1.53 ac (66,647 SF)
Zoning code
69C-1
APN
25M-3-1-097-1
UPID
US48-3345664
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
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.79M
Owner & transaction history
The Sherwin Williams Company · 3 yrs held
The Sherwin Williams Company
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
69C-1 · Saint Louis, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+78.0%
Retail stores
$1.7M
+52.9%
Medical building
$1.7M
+50.7%
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
$2,170,000
ML approach
$2,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,110,000
Current use
COMMERCIAL (GENERAL)
$1,975,000
Change: +78% · Conversion: Easy
RETAIL STORES
$1,700,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$1,675,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$1,620,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,355,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.69M (Dec 30 2020)
Last sale anchor
$1.69M
Dec 30 2020
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
$165 / 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
$42,186
Tax year 2023
Assessed value
$467,960
Assessed 2023
Previous assessed
$356,410
+31.3% YoY
Effective rate
9.01%
On assessed value
Assessed land
$180,540
Assessed improvement
$287,420
Land market value
$564,200
Improvement market value
$898,200
Total market value
$1,462,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
11
Total area
10,863 SF
Lot
1.53 ac (66,647 SF)
Zoning code
69C-1
APN
25M-3-1-097-1
UPID
US48-3345664
Jurisdiction
ST LOUIS
Zoning & alternative use
69C-1 · Saint Louis, MO
Zoning 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
Saint Louis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Lot
1.53 ac
Current owner
From public records · entity-resolved
The Sherwin Williams Company
Entity
Mailing address
9641 NATURAL BRG RD, SAINT LOUIS, MO 63134-3109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 12, 2022
—
The Sherwin Williams Company
Alberta Properties 5980 LLC
Lease
—
Dec 30, 2020
$1,689,400
Alberta Properties 5980 LLC
Lucky Real Estate LLC
Warranty Deed
—
Mar 22, 2018
—
Lucky Real Estate LLC
—
Deed
related
$676,035 · Bank Star
Sep 10, 2007
$2,050,000
Lucky Real Estate LLC
Starbic I LLC
Grant Deed
$1,350,000 · Jefferson Bank
May 18, 1999
—
Starbic 1 LLC
A & O Investments Ltd
Grant Deed
$1,253,750 · First National Bank St Louis
—
—
Larry B Ferguson
—
Deed Of Trust
related
$15,557 · Associates Financial Services
—
—
Jimmy Cagle
—
Deed Of Trust
related
$9,709 · Associates Financial Services
—
—
Michael Lehr
—
Deed Of Trust
related
$83,622 · Associates Financial Services
—
—
Lucky Real Estate LLC
—
Deed Of Trust
related
$676,035 · Bank Star
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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