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    1600 S Albert St Golconda, IL 62938

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    Sponsored
    For Sale
    $625,000

    Farm / Farmhouse, Farm/Estate - Golconda, IL

    Type:Farm
    Lot size:
    97.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 5 at 11:06 am

    Property Features for 1600 S Albert St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    3
    APN
    09-1-30-065-014
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dryer, Refrigerator
    Lot size
    97.00 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Floors in Building
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Tonya Hughes

    Hunt and Farm Realty (618) 559-2967

    Listing agent Tonya Hughes (618) 559-2967

    Listing date Mar 2, 2026

    MLS# 11664554 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    97 Acres Farm with Farmhouse

    Located on the outskirts of Golconda, Illinois, this 97-acre property offers a blend of open pasture and mature woods. The land features a bluff line bordering the Ohio River, making it suitable for hunting whitetail deer, ducks, and turkey. A crop field borders the property, providing a food source for wildlife, along with cover and water from two ponds. The property includes a farmhouse at the end of a private lane, featuring spacious rooms, central heating and air conditioning, and river views during the winter. A 30 x 50 barn is equipped with a lean-to, concrete flooring, electricity, and automatic doors. Adjacent to the barn is a two-stall horse stable with concrete floors and electricity. A trail winds through the acreage, providing access for hiking, horseback riding, or exploring the surroundings, extending to the river's edge. The property is suited for livestock and has previously supported cattle. There is also access off of the Bay City Blacktop, creating two access points to the property. The property is near the Shawnee National Forest. The town of Golconda offers amenities such as eateries, a pharmacy, and a hardware store, and Paducah, Kentucky, is a short drive away. The farmhouse includes a natural gas furnace, hot water heater, and range, with four bedrooms and two and a half baths, plus an unfinished basement. Approximate room sizes include: dining room 13.6 x 13.6; den/tv room 13 x 13.10; kitchen 12.4 x 13.3; main first floor bedroom with attached bathroom 23 x 12; 3 bedrooms upstairs 11.4 x 13.4, 13.4 x 8 and 17 x 13.5. The pole barn has two 12 x 10 overhead doors with garage door openers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Hair Salon Nail Salon Pharmacy Hotel & Motel Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Golconda
    County
    Pope
    State
    Illinois
    Longitude
    -88.486809
    Latitude
    37.354395

    Nearby Similar for Sale

    • $359,000
      52.45 Acres

      Pope County Land Parcel

      52+ acre parcel with engineered steel building near Shawnee.
      39 Bushwack Rd, Golconda, IL 62938
      View Details

    FAQs

    What type of property is this?
    Farm - Farm with farmhouse, barn, stables, ponds, and river access.
    Where is this farm located?
    The property is located at 1600 S Albert St Golconda, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Expansive 97-acre property with diverse terrain, ideal for hunting and recreation; - Direct access to the Ohio River enhancing hunting opportunities; - Charming farmhouse with spacious rooms and winter river views
    (618) 559-2967
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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
    1600 S Albert St Golconda, IL 62938
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    Listing Contact
    Tonya Hughes
    (618) 559-2967
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