Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    702 W Hwy 50 O Fallon, IL

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

    1.34 acre development site on main thoroughfare in O'Fallon.

    Type:LAND
    Lot size:
    1.34 Acres
    Added:
    Sep 1, 2021
    Days on Market:
    1705
    Last Refresh:
    Apr 5 at 8:55 pm

    Property Features for 702 W Hwy 50

    General Information

    Standard status
    Active
    Lot size
    1.34 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Terry Johnson

    Listing agent Terry Johnson

    Listing office BARBERMurphy

    Listing date Sep 1, 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

    Overview

    O'Fallon Development Site Available

    This 1.34-acre development site is available on a main thoroughfare in O'Fallon. The property has potential due to its location on a highly developed corridor near the intersection of US Highway 50 and Green Mount Road. O'Fallon is experiencing growth and is located off I-64, near Scott Air Force Base, and approximately 20 miles from St. Louis, MO. It serves as a regional recreational, professional, and retail destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gifts For Individuals (Bike/Boat/Book/etc) Store Podiatry 1st Association Or Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    O Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.8994
    Latitude
    38.5829

    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 Court, O'Fallon, IL 62269
      View Details
    • $285,000
      1,120 SF

      O'Fallon Commercial Building For Sale

      Iconic building on Highway 50, near schools and I-64.
      406 W Highway 50, O'Fallon, IL 62269
      View Details
    • $449,900
      1,080 SF

      O'Fallon Four-Unit Investment Property

      Well-maintained, fully occupied four-unit property in O'Fallon, Illinois.
      926 - 932 Georgetowne Drive, O'Fallon, IL 62269
      View Details
    • $235,000

      O'Fallon Land with Barn

      3.2 acres in O’Fallon, IL with barn and stables.
      937 Rowe Lane, O'Fallon, IL 62269
      View Details
    • $275,000
      3,036 SF

      Mixed-Use Property in High-Traffic Area

      Versatile property with income potential in O'Fallon, Illinois.
      633 S Lincoln Avenue, O'Fallon, IL 62269
      View Details
    • $575,000

      Highway 50 Development Opportunity

      1.42 acres on Highway 50 in O'Fallon, Illinois.
      813 And 815 W Highway 50, O'Fallon, IL 62269
      View Details
    • $1,596,555

      O'Fallon 17-Unit Condo Portfolio

      17-unit income-producing condominium portfolio in O'Fallon, Illinois.
      161-306 Eagle Ridge, O'Fallon, IL 62269
      View Details
    • $1,960,200
      1,296 SF

      Prime Commercial Land For Sale

      15 acres of commercial land in a high-traffic area.
      650 Hartman Lane, O'Fallon, IL 62269
      View Details
    • $19,000

      O'Fallon Acre Building Lot

      One acre building lot in O'Fallon, Illinois.
      0 Glen Hollow Drive, O'Fallon, IL 62269
      View Details
    • $19,900

      Residential Land Near Scott AFB

      Residential land suitable for pre-fabricated home near Scott AFB.
      210 Meadowbrook Drive, O'Fallon, IL 62269
      View Details
    • $549,780

      10.78 Acres on Thouvenot Lane

      10.78 acres of commercial land for sale with utilities.
      1457 Thouvenot Ln, O'Fallon, IL 62269
      View Details
    • $449,000

      2.87 Acre Development Parcel

      2.87 acre parcel for development with high visibility.
      1414 Frontage Rd, O'Fallon, IL 62269
      View Details

    FAQs

    What type of property is this?
    Land - 1.34 acre development site on main thoroughfare in O'Fallon.
    Where is this land located?
    The property is located at 702 W Hwy 50 O Fallon, IL.
    What is the asking price?
    The asking price for this property is $347,303.
    What are key features of this property?
    This property features: 1.34 acre development site; Located on a main thoroughfare in O’Fallon; High‑growth area
    (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
    Terry Johnson
    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

    702 W Hwy 50, O'Fallon, 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!