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    3808 Stanka Ln Godfrey, IL 62035

    View on Map
    Sponsored
    For Sale
    $749,000

    Land - Godfrey, IL

    Property size:
    20,000 SF
    Lot size:
    15.60 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 13 at 1:06 am

    Property Features for 3808 Stanka Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    See Remarks
    APN
    24-2-01-30-04-401-075
    Exterior features
    Fencing, Storage
    Fencing
    Fenced
    Size
    20,000 SF
    Lot size
    15.60 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jennifer Faulkner
    Jennifer Faulkner

    Gori, Realtors, LLC (618) 659-5565

    Listing agent Jennifer Faulkner (618) 334-7322 License #475138516

    Listing date Mar 9, 2026

    MLS# 25061439 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. 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

    Versatile Land with Warehouse Buildings

    This unique 15.6-acre property in Godfrey, IL, presents unlimited potential for warehouse, contractor storage, or other uses. It features two insulated warehouse buildings totaling over 20,000 sq ft, each with reinforced concrete floors and a loading dock. One building offers 9,616 sq ft with an additional 2,855 sq ft in the lower level, an oversized auto garage door, man door access, and a drivable ramp to the basement. The second building provides 8,832 sq ft, also with oversized garage doors. Both structures have separate electric service, some climate-controlled space, and are secured by extensive fencing and gated access. Gravel drives lead to a commercial tenant (month-to-month lease) and to the building at the rear of the property. The land includes wooded areas, fencing, and tiered lots with concrete walkways, steps, and a drivable ramp, where greenhouses once stood. The zoning is currently miscellaneous residential, previously agricultural with commercial use, offering tremendous potential for owner storage, future building, or possible regulated commercial use with county approval. The primary use is by the owner for storage and recreation. The front building is currently occupied by a commercial tenant on a month-to-month lease. The property is being sold AS-IS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SHB Co. Second ... Production Facility

    Suggested Use

    Restaurant Hotel & Motel Bar & Pub Furniture & Home Goods Grocery & Convenience Store Car Rental Facility Restaurant Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Godfrey
    County
    Madison
    State
    Illinois
    Longitude
    -90.26412317
    Latitude
    38.94025582

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    FAQs

    What type of property is this?
    Warehouse - 15.6 acres with two warehouse buildings and development potential.
    Where is this warehouse located?
    The property is located at 3808 Stanka Ln Godfrey, IL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Two insulated warehouse buildings totaling over 20,000 sq ft with reinforced concrete floors and loading docks.; - Potential for warehouse, contractor storage, horses, or other uses.; - Zoning offers potential for owner storage, future building, or possible regulated commercial use with county approval.
    (618) 954-8099
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    3808 Stanka Ln Godfrey, IL 62035
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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
    3808 Stanka Ln Godfrey, IL 62035
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    We can help!
    Listing Contact
    Jennifer Faulkner
    Jennifer Faulkner
    Real Estate License ID: 475138516
    (618) 954-8099 (618) 334-7322 (618) 659-5565
    Learn more
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