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    The Largest CRE Database in the US with Over 1 Million Listings

    4436 Industrial Dr Alton, IL 62002

    Sponsored
    For Lease
    $12 SF/Yr

    Commercial Lease - Godfrey, IL

    Lot size:
    3.06 Acres
    Days on Market:
    71
    Last Refresh:
    Jan 29 at 12:06 pm

    Property Features for 4436 Industrial Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    23-2-01-35-15-401-011
    Lot size
    3.06 Acres

    Building Details

    Year built
    1979
    Building materials
    Brick, Steel Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Trevor Parish

    Tarrant & Harman Real Estate and Auction Co. (618) 433-9436

    Listing agent Trevor Parish (618) 433-9436 License #475.205975

    Listing date Nov 20, 2025

    MLS# 25077727 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

    Versatile Industrial Space in Godfrey

    This industrial property offers 15,100 sq ft of space, including 9,421 sq ft of office space and 5,679 sq ft of shop space. The property is situated on 3.6 acres and offers highway visibility, proximity to MCT bus stops, and interstate access. The office area is designed to accommodate private offices, collaborative workspaces, meeting rooms, and administrative support. The shop space provides room for equipment, storage, production, or fabrication. The property includes three ADA-compliant bathrooms with showers, two kitchens, and a lunchroom with seating for 30 people. It also features a camera and alarm system, as well as a Lenel badge reader on the doors. The shop has six oversized garage doors and an oil separator system. In addition to the main building, the property includes two separate outbuildings measuring 24' x 24' and 74' x 36', suitable for extra storage, vehicle or equipment housing, or specialized work areas. This property is designed to accommodate a wide range of business operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Illinois-American Water Co Water Utility Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.18462468
    Latitude
    38.92721475

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    FAQs

    What type of property is this?
    Flex space - Industrial property with office and shop space for lease.
    Where is this flex space located?
    The property is located at 4436 Industrial Dr Alton, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 15,100 sq ft versatile space: **9,421 sq ft of office and 5,679 sq ft of shop space.**; - Highway visibility and convenient access to MCT bus stops and the interstate.; - Includes two outbuildings (24' x 24' and 74' x 36') for extra storage or specialized work areas.
    (618) 520-0014
    Request Owner's contact information
    4436 Industrial Dr Alton, IL 62002
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    Alton, IL 62002
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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
    4436 Industrial Dr Alton, IL 62002
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    We can help!
    Listing Contact
    Trevor Parish
    Real Estate License ID: 475.205975
    (618) 520-0014
    Learn more
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