Mixed-Use Property with
For Sale
$169,000
5912 N Belt W, Belleville, IL 62223
Flexible commercial layout with a detached garage, lower-level space, outdoor areas, and room for parking or equipment storage.
Property Size1,070 SF
Days on Market71
Property Features for 5912 N Belt W
General Information
Standard status
Active
Size
1,070 SF
Property subtype
Commercial
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$3,281
Building Details
Building Size
1,070 SF
Year Built
1953
Buildings
2
Listing Agency:
Nester Realty
(618) 410-5327
Listed By:
Tiffany Carney · License #475.208092
(618) 410-5327
Source:
Century21laclede
Added: Jun 22
Changed: Aug 30
Last Checked: Aug 30 at 5:32PM
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 Nester Realty
Investment Insights
Based on property information with market context.
Built in 1953, this mixed-use property combines a primary building with multiple large rooms, additional lower-level space, and a detached outbuilding or garage. The interior configuration can accommodate offices, showroom space, work areas, meetings, inventory, or other operational functions supported by the existing layout.
The property includes a spacious lot with open grounds and an outdoor deck. Exterior area can support parking, equipment storage, vehicle housing, or outdoor business activity, while the detached structure adds separate space for warehousing, workshop functions, storage, or business equipment. Located at 5912 N Belt W in Belleville, the property offers a flexible combination of enclosed and outdoor areas for an owner-user or commercial operation.
The property includes a spacious lot with open grounds and an outdoor deck. Exterior area can support parking, equipment storage, vehicle housing, or outdoor business activity, while the detached structure adds separate space for warehousing, workshop functions, storage, or business equipment. Located at 5912 N Belt W in Belleville, the property offers a flexible combination of enclosed and outdoor areas for an owner-user or commercial operation.
Key Highlights
- Mixed‑use property at 5912 N Belt W, Belleville, IL 62223
- Primary building includes multiple large rooms and additional lower‑level space
- Detached outbuilding or garage provides separate storage, workshop, or vehicle space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,834
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,680
$216.7K
Cap Rate 7%
$154,771
$154.8K
Cap Rate 9%
$120,378
$120.4K
Market Conditions
NOI Build-Up for 1,070 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.3K $18.00/SF
− Vacancy
−$1.9K −$1.80/SF
EGI
$17.3K $16.20/SF
− OpEx
−$6.5K −$6.07/SF
NOI
$10.8K $10.13/SF
Area
St. Clair County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,680
Cap Rate 7%
$154,771
Cap Rate 9%
$120,378
Alternative Uses
Best Use
Mixed Use
$154.8K
$135.4K – $180.6K
NOI $10,834 @ 7.0% cap · market cap 6.41%
Second Best
Flex RnD
$137.9K
$120.6K – $160.8K
NOI $9,650 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$253.3K
$221.7K – $295.5K
NOI $17,732 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 62223, IL
16,263
Population
7,804
Households
2.1
Avg Household Size
45
Median Age
33%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
633
Density / Sq Mi
$69,620
Median Household Income
$40,005
Median Earnings
$1,026
Median Rent
$149,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout with a detached garage, lower-level space, outdoor areas, and room for parking or equipment storage.
Where is this mixed-use property located?
The property is located at 5912 N Belt W Belleville, IL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Mixed‑use property at 5912 N Belt W, Belleville, IL 62223; Primary building includes multiple large rooms and additional lower‑level space; Detached outbuilding or garage provides separate storage, workshop, or vehicle space
