Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1971 Captains Dr Worden, IL 62097

    Sponsored
    For Sale
    $32,000

    Land - Worden, IL

    Lot size:
    0.46 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 1 at 10:06 am

    Property Features for 1971 Captains Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    16-2-03-36-02-207-030 & 16-2-03-36-02-207-031
    Exterior features
    Level
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Expense value
    810
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tara Riggs
    Tara Riggs

    RE/MAX Alliance (618) 975-6043

    Listing agent Tara Riggs (618) 656-2111 License #475128797

    Listing date Feb 26, 2026

    MLS# 26010329 Listing URL

    Copyright © 2026 MARIS. 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

    Double Lot in Holiday Shores

    This property presents a rare opportunity to own a double lot within the Holiday Shores lake community. Situated on a quiet street and surrounded by homes on larger parcels, the property offers a country-like setting. It is conveniently located a short drive from Edwardsville and within the Edwardsville School District. The spacious, open, and level lot provides an ideal canvas for building a custom home, offering flexibility in designing the layout and outdoor living space. The property spans 0.46 acres. Residents have full access to Holiday Shores' amenities, including a private lake, beach, parks, clubhouse, pickleball and tennis courts, and a calendar of community events. The community is known for its annual 4th of July ski show and fireworks display.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Gym & Fitness Center Kitchen & Bath Showroom Department Store Garden Center Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Worden
    County
    Madison
    State
    Illinois
    Longitude
    -89.928818
    Latitude
    38.929882

    Nearby Similar for Sale

    • New
      $839,900
      3,223 SF

      Historic Farm Estate with Lake

      31-acre estate featuring a historic home and stocked lake.
      7536 Prairietown Rd, Worden, IL 62097
      View Details
    • $385,000
      3,300 SF

      New All-Brick Triplex Investment

      Newly completed triplex with spacious units and ample parking.
      329 Rutledge St, Worden, IL 62097
      View Details
    • $245,000
      2,342 SF

      Worden Income Property with Residences

      Investment opportunity with duplex and manufactured home in Worden.
      307 Sandbach, Worden, IL 62097
      View Details
    • Contact for pricing
      12,808 SF

      Warehouse Property on 11.31 Acres

      Industrial property with warehouse space and outdoor storage.
      726 Main St, Worden, IL 62097
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Double lot in Holiday Shores lake community, perfect for building.
    Where is this residential land & home lot located?
    The property is located at 1971 Captains Dr Worden, IL.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: - Double lot in Holiday Shores lake community.; - Enjoy access to Holiday Shores amenities: private lake, beach, parks, clubhouse, pickleball and tennis courts.; - Located in the desirable Edwardsville School District.
    (618) 580-7470
    Request Owner's contact information
    1971 Captains Dr Worden, IL 62097
    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.
    1971 Captains Dr
    Worden, IL 62097
    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
    1971 Captains Dr Worden, IL 62097
    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

    We can help!
    Listing Contact
    Tara Riggs
    Tara Riggs
    Real Estate License ID: 475128797
    (618) 580-7470 (618) 656-2111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!