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

    Timber Rock, Unit 46 Columbia, IL 62236

    Sponsored
    For Sale
    $140,000

    Land - Columbia, IL

    Lot size:
    1.00 Acre
    Days on Market:
    67
    Last Refresh:
    Feb 26 at 10:06 am

    Property Features for Timber Rock

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Single-Family
    APN
    11-14.0-100-008
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Expense value
    450
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rebecca DeMond

    RE/MAX Preferred (618) 531-4887

    Listing agent Rebecca DeMond (618) 236-2111 License #475131653

    Listing date Dec 22, 2025

    MLS# 24044844 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

    Timber Rock Estates Land

    This 1-acre lot is located in Timber Rock Estates, a 135-acre subdivision offering 80 lots ranging in size from approximately 1/2 acre up to 5-acre estate lots. The subdivision is planned for both detached villas and luxury custom homes on the larger estate lots. Lot amenities include Columbia fire and police services, public water, and public sewer. Additional features include concrete streets, optional architecturally designed accessory buildings on Estate Lots, walking trails over 13 acres of land tied into sidewalks and streets, a common ground lake, plus a community recreation area offering pickle ball courts, a golf area, and a concrete bounce back wall. Minimum building requirements for Estate lots include 2,000 sq ft, 3 sides brick or stone exterior walls, an 8/12 roof pitch, and a 2-car garage. Minimum building requirements for Villa Lots include 1,400 sq ft, 3 side brick or stone exterior walls, a 6/12 roof pitch, and a side load 2-car garage. The property is located in Columbia, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Columbia
    County
    Monroe
    State
    Illinois
    Longitude
    -90.171241
    Latitude
    38.450699

    Nearby Similar for Sale

    • $710,000
      7,500 SF

      Mixed-Use Building in Historic Downtown

      Mixed-use building with commercial and residential units in Columbia, IL.
      127 N Main St, Columbia, IL 62236
      View Details
    • $155,000
      4,500 SF

      Downtown Columbia Mixed-Use Building

      Mixed-use building with commercial and residential spaces in downtown Columbia.
      106 S Main St, Columbia, IL 62236
      View Details
    • $1,100,000
      11,100 SF

      Multi-Use Commercial Building in Columbia

      Commercial building with four spaces and two residential apartments.
      102 N Main St, Columbia, IL 62236
      View Details
    • Contact for pricing
      18,000 SF

      Highway Exposure Development Opportunity

      Move-in ready suites and development opportunities with highway visibility.
      Southport Dr, Columbia, IL 62236
      View Details
    • $1,100,000

      Multi-Use Building in Historic Downtown

      Commercial building with retail spaces and residential apartments in Columbia.
      102 N Main St, Columbia, IL 62236
      View Details
    • $650,000
      4,407 SF

      Columbia, IL Restaurant/Bar for Sale

      Turn-key bar & restaurant, established business
      602 Main St, Columbia, IL 62236
      View Details
    • $710,000

      Mixed-Use Investment Opportunity in Columbia

      Six-unit mixed-use building in historic downtown Columbia.
      127 N Main St, Columbia, IL 62236
      View Details
    • $1,100,000
      0.73 Acres

      Downtown Columbia Commercial Gem

      Multi-use building, high income potential.
      102 Main St, Columbia, IL 62236
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1-acre lot in Timber Rock Estates subdivision.
    Where is this residential land & home lot located?
    The property is located at Timber Rock, Unit 46 Columbia, IL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Large estate lots available (up to 5 acres) within a 135-acre subdivision.; - Benefit from public water and sewer, plus Columbia fire and police services.; - Enjoy the community recreation area with pickleball courts, golf area, and bounce-back wall.
    (618) 779-3780
    Request Owner's contact information
    Timber Rock, Unit 46 Columbia, IL 62236
    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.
    Timber Rock, Unit 46
    Columbia, IL 62236
    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
    Timber Rock, Unit 46 Columbia, IL 62236
    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
    Rebecca DeMond
    Real Estate License ID: 475131653
    (618) 779-3780 (618) 236-2111
    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!