Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    31.05 Acre Development Site Title is generated by Realmo AI

    Tanglewood Pkwy & Hwy 159, Caseyville, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    31.05 acre commercial land for sale near I-64.

    Type:LAND
    Lot size:
    31.05 Acres
    Added:
    Nov 22, 2021
    Days on Market:
    1642
    Last Refresh:
    Apr 5 at 8:49 pm

    Property Features for Tanglewood Pkwy & Hwy 159

    General Information

    Standard status
    Active
    Lot size
    31.05 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Michael T Durbin

    Listing agent Michael T Durbin

    Listing office BARBERMurphy

    Listing date Nov 22, 2021

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of BARBERMurphy

    HighLights

    • 31.05 acre development site
    • Convenient access to I‑64 (exit 12)
    • Located in an Enterprise Zone
    • Zoned B‑2 and PUD
    • Benefit from 1,239' of frontage on IL Route 159
    • 2 Signalized curb cuts in place (3 total)

    Overview

    This 31.05-acre site is located at the entrance to the Tanglewood Residential Development. The property benefits from convenient access to I-64 (exit 12) and is situated approximately 16 miles from downtown St. Louis, MO. The development site is located in an Enterprise Zone and is zoned B-2 and PUD. It features 1,239 feet of frontage on IL Route 159 and includes two signalized curb cuts already in place, with a total of three curb cuts.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Caseyville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0257
    Latitude
    38.6367

    Nearby Similar for Sale

    • $499,000
      6,405 SF

      Pool Hall/Bar Restaurant For Sale

      Pool hall/bar restaurant with ample parking and equipment included.
      519 N Main Street, Caseyville, IL 62232
      View Details
    • $195,000
      11,547 SF

      Caseyville Mixed-Use Opportunity

      Versatile mixed-use property with significant potential in Caseyville, Illinois.
      8861 Botanical Avenue, Caseyville, IL 62232
      View Details
    • $275,000

      Far Oaks Golf Community Land

      Almost acre lot in gated golf community.
      1044 Cypress Pointe Drive, Caseyville, IL 62232
      View Details
    • $79,900

      Double Lot in Tanglewood

      Spacious lot in established neighborhood, convenient location.
      8038 Tahoe Ridge, Caseyville, IL 62232
      View Details
    • $550,000
      4,400 SF

      Converted Office Building with Outbuildings

      Two-story office building with outbuildings, ideal for contractors.
      8044 N Illinois St, Caseyville, IL 62232
      View Details
    • $175,000

      2.83 Acre Business District Site

      2.83 acre site zoned BP-2 Business District.
      8393 IL-159, Caseyville, IL
      View Details
    • $13,750

      Vacant Land in Caseyville, IL

      Vacant land available in Caseyville, Illinois.
      24 W Reynolds St, Caseyville, IL 62232
      View Details
    • $1,118,915

      Land For Sale Caseyville, IL

      Land available for purchase in Caseyville, Illinois.
      North 81st St, Caseyville, IL
      View Details
    • $2,431,677

      Land For Sale Caseyville, IL

      Land available for sale in Caseyville, Illinois.
      North 73rd St, Caseyville, IL
      View Details
    • $425,000
      4,764 SF

      Office/Warehouse/Shop Space For Sale

      4,764 SF office/warehouse/shop space with fenced lot.
      8853 Petroff Dr, Caseyville, IL
      View Details
    • $65,000

      Development Site Near Golf Club

      1.71 acre development site in Caseyville, Illinois.
      7421 N Illinois St, Caseyville, IL
      View Details
    • $717,375

      Caseyville Land Opportunity

      Land available in Caseyville, Illinois.
      1290 N 71st St, Caseyville, IL
      View Details

    FAQs

    What type of property is this?
    Land - 31.05 acre commercial land for sale near I-64.
    Where is this land located?
    The property is located at Tanglewood Pkwy & Hwy 159 Caseyville, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 31.05 acre development site; Convenient access to I‑64 (exit 12); Located in an Enterprise Zone
    (618) 277-4400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael T Durbin
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Tanglewood Pkwy & Hwy 159, Caseyville, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!