Sign Up Successful!
You now have access to more from Realmo!
    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

    2811 Frank Scott Pkwy W Belleville, IL 62223

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $55,000

    One acre of land at Frank Scott Parkway and Memory Lane.

    Lot size:
    1.00 Acre

    Property Features for 2811 Frank Scott Pkwy W

    General Information

    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Matt Barriger
    Source: Moodyscre

    Listing Agent: Matt Barriger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Corner Land Parcel For Sale

    This property features one acre of land situated at the corner of Frank Scott Parkway West and Memory Lane. The location is directly across the street from Copper Bend Office Park. It is positioned one block south of the intersection of North Belt West and Frank Scott Parkway West, and 0.75 miles north of Illinois Route 15.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0373822
    Latitude
    38.5389504

    Nearby Similar for Sale

    • $799,000
      5,890 SF

      Versatile Mixed-Use Commercial Building

      Multi-use commercial building in O'Fallon with live-work potential.
      101 Springfield Ct, O Fallon, IL 62269
      View Details
    • $535,000
      3.81 Acres

      Belleville Mixed-Use Property with Charm

      3,428 sq ft home with business potential on 3.81 acres.
      110 Fullerton Rd, Belleville, IL 62226
      View Details
    • $240,000
      2,926 SF

      Mixed-Use Building Near Downtown Belleville

      Two-story mixed-use property with commercial space and updated apartment.
      719 Centreville Ave, Belleville, IL 62220
      View Details
    • $450,000
      5,100 SF

      Historic Belleville Loft Income Property

      Four loft units in downtown Belleville, generating income.
      511 E Main St, Belleville, IL 62220
      View Details
    • $255,000
      3.20 Acres

      O'Fallon Land with Barn

      3.2 acres in O’Fallon, IL with barn and stables.
      937 Rowe Ln, O Fallon, IL 62269
      View Details
    • $500,000
      61,787 SF

      Belleville Mixed-Use Redevelopment Opportunity

      61,787 SF facility on 17.53 acres with redevelopment potential.
      1901 Mascoutah Ave, Belleville, IL 62220
      View Details
    • $150,000
      Pending

      Charming Duplex in Belleville, IL

      Charming brick duplex with income potential in Belleville, Illinois.
      204 Gilbert St, Belleville, IL 62226
      View Details
    • New
      $149,900
      2,344 SF

      Belleville Duplex: Investment Opportunity

      Duplex with one updated vacant unit and one rented unit.
      619 E Mckinley St, Belleville, IL 62220
      View Details
    • New
      $290,000
      3,400 SF

      Belleville Commercial Space - Turnkey

      Prime downtown commercial space suitable for restaurant, bar, or retail.
      7 S High St, Belleville, IL 62220
      View Details
    • $600,000
      8,736 SF

      Belleville Multifamily Building with Apartments

      Well-maintained 8-unit apartment building in Belleville, Illinois.
      8612 W Main St, Belleville, IL 62223
      View Details
    • $129,900
      3,300 SF

      Belleville Residential Income Property

      Residential income property featuring multiple units in Belleville, Illinois.
      326 Portland Ave, Belleville, IL 62220
      View Details
    • $127,900
      1,437 SF

      Belleville Commercial Building with Equipment

      Turnkey commercial building with equipment in high-traffic Belleville location.
      507 Sherman St, Belleville, IL 62221
      View Details

    FAQs

    What type of property is this?
    Land - One acre of land at Frank Scott Parkway and Memory Lane.
    Where is this land located?
    The property is located at 2811 Frank Scott Pkwy W Belleville, IL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Located on the corner of Frank Scott Parkway and Memory Lane.; - 1 acre of land.; - Directly across the street from Copper Bend Office Park.
    (618) 277-4400
    Request Owner's contact information
    2811 Frank Scott Pkwy W Belleville, IL 62223
    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.
    2811 Frank Scott Pkwy W
    Belleville, IL 62223
    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
    2811 Frank Scott Pkwy W Belleville, IL 62223
    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
    Matt Barriger
    (618) 277-4400
    Learn more
    Google sign-in failed. Please try again or use another login method.