Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    318 Great Pl Dr Edwardsville, IL 62025
    Back to Search
    Property profile & analytics

    318 Great Pl Dr, Edwardsville, IL 62025

    View on Map
    • Land
    • 1.61 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 318 Great Pl Dr

    Lot size
    1.61 lot acres
    Property type
    Land

    Description

    This exceptional 1.61-acre commercial lot, identified as Lot 3, is situated in the highly desirable Alpha Omega Commercial Park in Edwardsville, Illinois, zip code 62025. Boasting a prime location on a five-lane highway at a four-way lighted intersection, this property offers unparalleled visibility and accessibility. Its strategic placement directly across from the entrance to Ginger Creek ensures high traffic volume and exposure to a substantial customer base. The property is zoned for commercial use, providing flexibility for a wide range of development opportunities. An average daily traffic count of 20,000 vehicles further underscores the significant potential for business success. While the exact parcel number and current property taxes are to be determined, the annual tax estimate is $84. It's important to note that sewer service is not currently available on the property. This presents a unique opportunity for investors and developers seeking a high-traffic, highly visible location in a thriving commercial area. The property's size and location make it ideal for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.9807
    Latitude
    38.7805

    Comparable in this City

    • Value Estimation by Request
      1.80 Acres

      New Poag Rd -

      Land
      0 New Poag Rd -, Edwardsville, IL 62025
      View Details
    • Value Estimation by Request
      2.29 Acres

      331 Great Pl Dr

      Land
      331 Great Pl Dr, Edwardsville, IL 62025
      View Details
    • Value Estimation by Request
      1.00 Acre

      4700 Il-157

      Land
      4700 Il-157, Edwardsville, IL 62025
      View Details
    • Value Estimation by Request
      1.50 Acres

      2621 State Route 157

      Land
      2621 State Route 157, Edwardsville, IL 62025
      View Details
    • Value Estimation by Request
      40.00 Acres

      Chain Of Rocks Rd

      Land
      0 Chain Of Rocks Rd, Edwardsville, IL 62025
      View Details
    • Value Estimation by Request

      216-220 Buchanan St

      Land
      216-220 Buchanan St, Edwardsville, IL 62025
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      29.8 Acres For Sale

      29.8 acres available for sale or build to suit.
      3828 Wanda Rd & Levee Rd, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      11.24 Acres Land For Sale

      Two parcels totaling 11.24 acres in high-traffic rural location.
      5405 Chain Of Rocks Rd, Edwardsville, IL 62025
      View Details
    • $74,990

      Land For Sale

      Land available in Madison County.
      3741 Cabernet Ln, Edwardsville, IL 62025
      View Details
    • Contact for pricing
      Pending

      Land For Sale

      Land available for sale.
      400 Seminole St, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      Land with Existing Building

      Land with 1,847 SF building, suitable for various uses.
      3828 Wanda Rd, Edwardsville, IL 62025
      View Details
    • $965,964
      Pending

      Edwardsville Commercial Land For Sale

      1.85 acre commercial land in Alpha Omega Commercial Park.
      325 Great Place Dr, Edwardsville, IL 62025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Orchard Town

      New retail development anchored by Meijer in Edwardsville, IL.
      2319 Troy Rd, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      Industrial Land Available For Lease

      Class A industrial buildings for lease in high-growth area.
      Wanda Rd. And New Poag Rd, Madison, IL 62025
      View Details
    • Contact for pricing
      1,095 SF

      Edwardsville Office Suites for Lease

      Office suites available in campus-like Mark Twain Plaza.
      103 W Vandalia St, Edwardsville, IL 62025
      View Details
    • Contact for pricing
      8,000 SF

      Historic Office Space in Edwardsville

      Unique creative office space in historic downtown Edwardsville, Illinois.
      201 Hillsboro Ave, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      Historic Edwardsville Office Space Available

      Furnished office space in downtown Edwardsville near courthouse.
      201 Hillsboro Ave, Edwardsville, IL 62025
      View Details
    • Contact for pricing
      1,425 SF

      Edwardsville Office/Retail Suites Available

      Class A office/retail suites available in mixed-use development.
      1001-1010 Enclave Blvd, Edwardsville, IL 62025
      View Details
    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.
    318 Great Pl Dr
    Edwardsville, IL 62025
    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
    318 Great Pl Dr, 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!