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    For Sale (12)

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    Edwardsville Office Near SIUE Campus
    $695,000
    4,815 SF

    Edwardsville Office Near SIUE Campus

    Well-maintained 4,800+ sq ft office building near SIUE.

    100 N Research Dr, Edwardsville, IL 62025
    View details
    Belleville Land Near West Main
    Contact for pricing
    0.38 Acres

    Belleville Land Near West Main

    Two level residential lots near commercial development and transportation.

    100 S 98Th St, Belleville, IL 62223
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    Belleville Land Near Development
    Contact for pricing
    0.15 Acres

    Belleville Land Near Development

    Level lot near commercial development, schools, and churches.

    6 N 95Th St, Belleville, IL 62223
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    Corner Lot Near Downtown Belleville
    Contact for pricing
    0.09 Acres

    Corner Lot Near Downtown Belleville

    Level corner lot near downtown Belleville with commercial potential.

    301 N 11Th St, Belleville, IL 62220
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    Retail Building with High Traffic
    $312,000
    2,700 SF

    Retail Building with High Traffic

    2700 SF retail building with high traffic location.

    10099 Lincoln Trl, Fairview Heights, IL 62208
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    Residential Lot in St. Louis
    $52,000
    0.13 Acres

    Residential Lot in St. Louis

    Residential lot for single-family residence, convenient location.

    2825 Iowa Ave St, Louis, MO 63118
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    Granite City Farmland Opportunity
    $225,000
    15.68 Acres

    Granite City Farmland Opportunity

    15.68 acres of farmland suitable for residential development.

    2614 Morrison Rd, Granite City, IL 62040
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    Granite City Commercial Opportunity
    $165,000
    1,300 SF

    Granite City Commercial Opportunity

    Well-maintained commercial property in high-visibility location, versatile layout.

    1501 Garfield Ave, Granite City, IL 62040
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    Granite City Commercial Land
    $245,000
    2.57 Acres

    Granite City Commercial Land

    Commercial land available in Granite City, Illinois.

    3106 W Chain Of Rocks Rd, Granite City, IL 62040
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    Residential Land in East St. Louis
    Contact for pricing
    0.15 Acres

    Residential Land in East St. Louis

    Double lot available in East St. Louis, Illinois.

    1732 N 61St St, East St Louis, IL 62204
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    Granite City Commercial Property For Sale
    $225,000
    0.29 Acres

    Granite City Commercial Property For Sale

    Well-maintained commercial property with flexible space and ample parking.

    2100 State St, Granite City, IL 62040
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    Versatile 4,000 SF Commercial Space
    $50,000
    4,000 SF

    Versatile 4,000 SF Commercial Space

    Flex space with showroom, office, and warehouse areas.

    2740 Madison Ave, Granite City, IL 62040
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    For Lease (1)

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    Equipped Restaurant Space For Lease
    $5,400 / Mo
    4,698 SF

    Equipped Restaurant Space For Lease

    High-visibility restaurant space ideal for franchises in Pontoon Beach, IL.

    4111 Timberlake Dr, Pontoon Beach, IL 62040
    View details

    Leases and Sales on Map

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    Century 21 Bailey & Co.
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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
    Century 21 Bailey & Co.
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