Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mid-Rise Apartment Community Title is generated by Realmo AI

    1010 Enclave Boulevard, Edwardsville, IL 62025

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Mid-rise multifamily community with ample parking, green space, and on-site management, currently operating at 91.5% occupancy.

    Type:Multifamily
    Property size:
    118,944 SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 4 at 1:58 am

    Property Features for 1010 Enclave Boulevard

    General Information

    Standard status
    Active
    Size
    118,944 SF
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Matt Bukhshtaber

    Listing agent Matt Bukhshtaber

    Listing office CBRE

    Listing date Jun 2, 2026

    Source Cbre

    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 CBRE

    HighLights

    • Whispering Heights Apartments is a mid‑rise multifamily community in Edwardsville, Illinois (St. Louis MSA).
    • Currently 91.5% occupancy, with demonstrated stable historical occupancy and reliable rent collections.
    • Amenities include ample parking and green space, plus on‑site management and maintenance.
    • Convenient access to major regional highways including I‑64, I‑55, and I‑255 for travel throughout the Metro East.
    • Close to major employment and education drivers, including Southern Illinois University Edwardsville (SIUE) and regional healthcare systems.

    Overview

    Whispering Heights Apartments is a mid-rise multifamily community offering a balanced mix of apartment homes designed for a broad renter profile. The property includes apartment interiors with upscale finishes and is supported by amenities such as ample parking and green space, along with on-site management and maintenance.

    Located in Edwardsville, Illinois, within the St. Louis MSA, the community provides convenient access to regional employment, education, and retail amenities. The property is described as being close to Southern Illinois University Edwardsville (SIUE) and regional healthcare systems, and it benefits from proximity to major highways including I-64, I-55, and I-255 for connectivity throughout the Metro East and the greater St. Louis area.

    For buyers or operators, Whispering Heights is presented as a stabilized multifamily asset with steady in-place operations, including a currently reported 91.5% occupancy and reliable rent collections. The unit mix is described as appealing to a range of tenants, including SIUE students and faculty, young professionals, and downsizing households. The offering also notes an environment of historically limited new multifamily supply in Edwardsville attributed to zoning constraints and land scarcity, contributing to continued market stability. The property is positioned for hands-on stewardship through the potential to enhance interiors and amenities.
    Location Intelligence

    Current Use by Public Records

    Whispering Heights Apartment Rental Agency Enclave Apartment Complex Front Office Financial Advisor Neighbors Bakeshop Bakery Amanda Ponce Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.9742
    Latitude
    38.8031

    Nearby Similar for Sale

    • $750,000
      6,580 SF

      Edwardsville Professional Office Opportunity

      3,290 SF office space in Sunset Hills Professional Center.
      4 Sunset Hills Professional Center, Edwardsville, IL 62025
      View Details
    • $395,000
      2,688 SF

      Versatile Commercial Property in Edwardsville

      Standout commercial property with high visibility and flexible space.
      220 S Buchanan Street, Edwardsville, IL 62025
      View Details
    • $995,000
      17,056 SF

      Versatile Mixed-Use Commercial Property

      17,000+ sq ft Edwardsville property suitable for diverse uses.
      201 W High Street, Edwardsville, IL 62025
      View Details
    • $695,000
      4,815 SF

      Edwardsville Office Near SIUE Campus

      Well-maintained 4,800+ sq ft office building near SIUE.
      100 N Research Drive, Edwardsville, IL 62025
      View Details
    • $720,000
      4,004 SF

      New Construction Duplex Investment Property

      New construction duplex with hardwood floors and granite countertops.
      652 N Kansas Street, Edwardsville, IL 62025
      View Details
    • $1,350,000
      4,224 SF

      Prime Commercial Site in Edwardsville

      1.03 acre commercial site with high traffic location.
      1100 S State Route 157, Edwardsville, IL 62025
      View Details
    • $758,700

      Edwardsville Commercial Land For Sale

      Mixed-use commercial property in Gateway Commerce Center Enterprise zone.
      3955 Blackburn Road, Edwardsville, IL 62025
      View Details
    • $2,150,933
      10,640 SF

      New Construction Freestanding Retail Building

      New construction retail building with long-term NNN lease.
      6783 Moro Rd, Edwardsville, IL
      View Details
    • $695,000
      4,815 SF

      Edwardsville Office Building on Campus

      Prime commercial opportunity near SIUE campus with functional office space.
      100 N Research Drive, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      100% occupied retail center in a fast-growing St. Louis suburb.
      2323 & 2329 Plum St, Edwardsville, IL 62025
      View Details
    • $750,000
      3,290 SF

      Standalone Office Building

      Standalone office building with private offices and conference space, positioned off IL-157 in an established office/medical corridor.
      4 Sunset Hills Professional Center, Edwardsville, IL 62025
      View Details
    • $1,030,000
      17,000 SF

      Versatile Commercial Property in Edwardsville

      17,000+ sq ft commercial property suitable for various uses.
      201 W High Street, Edwardsville, IL 62025
      View Details

    FAQs

    What type of property is this?
    Apartment building - Mid-rise multifamily community with ample parking, green space, and on-site management, currently operating at 91.5% occupancy.
    Where is this apartment building located?
    The property is located at 1010 Enclave Boulevard Edwardsville, IL.
    What are key features of this property?
    This property features: Whispering Heights Apartments is a mid‑rise multifamily community in Edwardsville, Illinois (St. Louis MSA).; Currently 91.5% occupancy, with demonstrated stable historical occupancy and reliable rent collections.; Amenities include ample parking and green space, plus on‑site management and maintenance.
    (314) 655-6060
    We can help!
    Listing Contact
    Matt Bukhshtaber
    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
    1010 Enclave Boulevard, Edwardsville, IL 62025
    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!