Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Strano & Associates

    1910 Carlyle Avenue, Belleville, IL 62221
    (618) 257-7690
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family
    • Commercial Lease
    • Farm

    Listings

    For Sale (23)

    View map
    Coffeen Commercial Building For Sale
    $65,000
    1,900 SF

    Coffeen Commercial Building For Sale

    Two-story brick building in Coffeen, Illinois with investment potential.

    107 W Main St, Coffeen, IL 62017
    View details
    Residential Lot in Upscale Neighborhood
    $90,000
    0.48 Acres

    Residential Lot in Upscale Neighborhood

    Residential lot in a sought-after community, ideal for building.

    616 Oak Hill Dr, Belleville, IL 62223
    View details
    Prime Homesite in Edwardsville School
    $57,000
    2.00 Acres

    Prime Homesite in Edwardsville School

    2-acre homesite in the Edwardsville School District.

    117 Spring Ct, Worden, IL 62097
    View details
    Residential Lot in Established Area
    Contact for pricing
    0.27 Acres

    Residential Lot in Established Area

    Ready-to-build lot in Okawville, established neighborhood, survey complete.

    105 N Hickory St, Okawville, IL 62271
    View details
    New Baden Retail Center Opportunity
    $2,700,000
    9,000 SF

    New Baden Retail Center Opportunity

    New construction retail center with flexible space and rental income.

    1219 E Cedar St, New Baden, IL 62265
    View details
    Mixed-Use 4-Plex in Downtown Mascoutah
    $400,000
    0.06 Acres

    Mixed-Use 4-Plex in Downtown Mascoutah

    Mixed-use 4-plex with income potential in downtown Mascoutah.

    108-110 E Main St, Mascoutah, IL 62258
    View details
    Mixed-Use 4-Plex in Downtown Mascoutah
    $400,000
    3,838 SF

    Mixed-Use 4-Plex in Downtown Mascoutah

    Mixed-use 4-plex with income potential in downtown Mascoutah.

    108-110 E Main St, Mascoutah, IL 62258
    View details
    Carlyle Land Near Carlyle Lake
    Contact for pricing
    0.55 Acres

    Carlyle Land Near Carlyle Lake

    Residential land near Carlyle Lake, suitable for building a home.

    148 Bunny Trl, Carlyle, IL 62231
    View details
    Residential Lot in Growing Neighborhood
    $40,000
    0.32 Acres

    Residential Lot in Growing Neighborhood

    Vacant 0.32 acre corner lot in Damiansville, Illinois.

    232 Walnut St, Damiansville, IL 62215
    View details
    Residential Land in Edison Estates
    $49,000
    0.16 Acres

    Residential Land in Edison Estates

    Residential lot in Freeburg, build your dream home!

    424 Firestone St, Freeburg, IL 62243
    View details
    Commercial Building on Historic Route 66
    Contact for pricing
    0.08 Acres

    Commercial Building on Historic Route 66

    Commercial building in Benld, IL with endless possibilities.

    205 E Central Ave, Benld, IL 62009
    View details
    Residential Lot in Cahokia Heights
    Contact for pricing
    0.27 Acres

    Residential Lot in Cahokia Heights

    Residential building lot near St. Louis with development potential.

    844 Saint Benedict Dr, Cahokia, IL 62206
    View details
    Residential Lot in Cahokia Heights
    Contact for pricing
    0.27 Acres

    Residential Lot in Cahokia Heights

    Residential lot near St. Louis, suitable for new construction.

    848 Saint Benedict Dr, Cahokia, IL 62206
    View details
    Three-Story Building in Downtown Vandalia
    $800,000
    20,700 SF

    Three-Story Building in Downtown Vandalia

    20,000+ sq ft building with development potential.

    612 W Gallatin St, Vandalia, IL 62471
    View details
    Commercial Corner Lot in New Baden
    $80,000

    Commercial Corner Lot in New Baden

    Commercial corner lot in a growing town near I-64.

    91 Weatherholt Dr, New Baden, IL 62265
    View details
    Residential Lot in Country Subdivision
    $47,500
    1.38 Acres

    Residential Lot in Country Subdivision

    1.38 acre residential lot with easy access to amenities.

    Plaza Pkwy, Waterloo, IL 62298
    View details
    Waterloo Land in New Design
    $45,000
    1.38 Acres

    Waterloo Land in New Design

    1.38 acre building site near Waterloo, Illinois.

    Plaza Pkwy, Waterloo, IL 62298
    View details
    Spacious Vergennes Land Parcel
    $50,000
    5.00 Acres

    Spacious Vergennes Land Parcel

    5-acre parcel in Vergennes, Illinois, ideal for building.

    105 Roy Rd, Vergennes, IL 62994
    View details
    Waterloo Land for New Home
    $47,500
    1.38 Acres

    Waterloo Land for New Home

    1.38 acre building site near Waterloo, Illinois.

    Plaza Pkwy, Waterloo, IL 62298
    View details
    Residential Land Near Carlyle Lake
    $39,999
    0.22 Acres

    Residential Land Near Carlyle Lake

    Residential lot near Carlyle Lake with travel trailer and utilities.

    21169 Bunny Trl, Carlyle, IL 62231
    View details
    Carlyle Land Near Carlyle Lake
    Contact for pricing
    0.39 Acres

    Carlyle Land Near Carlyle Lake

    Vacant lots near Carlyle Lake, ideal for building a home.

    146 Bunny Trl, Carlyle, IL 62231
    View details
    Downtown Belleville Office Building
    $299,000
    8,744 SF

    Downtown Belleville Office Building

    8,500+ sq ft office building near St. Clair Courthouse.

    12 W Lincoln St, Belleville, IL 62220
    View details
    Downtown Three-Story Commercial Building
    Contact for pricing
    20,700 SF

    Downtown Three-Story Commercial Building

    20,700 sq ft three-story building in downtown area.

    612 W Gallatin St, Vandalia, IL 62471
    View details

    For Lease (5)

    View map
    New Baden Retail Space Available
    $2,000 / Mo
    1,000 SF

    New Baden Retail Space Available

    Retail spaces available in New Baden Center retail strip.

    1219 E Cedar St, New Baden, IL 62265
    View details
    New Baden Retail Strip Center
    $2,000 / Mo
    1,000 SF

    New Baden Retail Strip Center

    Retail spaces available in New Baden Center retail strip.

    1219 E Cedar St, New Baden, IL 62265
    View details
    New Baden Retail Space Available
    $2,000 / Mo
    1,000 SF

    New Baden Retail Space Available

    Retail spaces available in New Baden Center retail strip.

    1219 E Cedar St, New Baden, IL 62265
    View details
    New Baden Retail Space Available
    $2,000 / Mo
    1,000 SF

    New Baden Retail Space Available

    Retail spaces available in New Baden Center retail strip.

    1219 E Cedar St, New Baden, IL 62265
    View details
    New Baden Retail Space Available
    $2,000 / Mo
    1,000 SF

    New Baden Retail Space Available

    Retail spaces available in New Baden Center retail strip.

    1219 E Cedar St, New Baden, IL 62265
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Strano & Associates
    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.
    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
    Strano & Associates
    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

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!