Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1317 Hwy O'Fallon, IL 62269
    Back to Search
    Property profile & analytics

    1317 Hwy O'Fallon, IL 62269

    View on Map
    • Retail properties & Spaces
    • 1,625 SF
    • 0.32 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1317 Hwy

    Year built
    1953
    Lot size
    0.32 lot acres
    Property size
    1,625 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This 1,625-square-foot office and retail building is situated on 0.32 acres of land at 1317 West Hwy 50 in O'Fallon, Illinois, zip code 62269. The property, built in 1953 and extensively renovated in 2017, features a single-story building with seven parking spaces. The interior boasts a reception area, five offices, and a break room. The layout currently includes cubicles, but these are removable, allowing for a return to full, individual offices if desired. Recent updates include new windows, flooring, and paint. The building is zoned B-1 and offers high visibility and traffic due to its location across from Sam's Club on Hwy 50. The asking price is $265,000, with a price per square foot of $163.08. The lease type is gross, and the tenancy is single. The property's APN is 03-26.0-404-005. This presents a fantastic opportunity for a business seeking a well-maintained, high-traffic location in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    O'Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9497
    Latitude
    38.5925

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      1413 Highway 50

      Individual retail properties • 5,000 SF
      1413 Highway 50, O'Fallon, IL 62269
      View Details
    • Value Estimation by Request
      16,500 SF

      1207 Frank Scott Pkwy

      Medical Office Space • 16,500 SF
      1207 Frank Scott Pkwy, Shiloh, IL 62269
      View Details
    • Value Estimation by Request
      1,625 SF

      1317 Hwy

      Office Spaces • 1,625 SF
      1317 Hwy, O'Fallon, IL 62269
      View Details
    • Value Estimation by Request

      207 Scott Troy Rd

      Individual retail properties
      207 Scott Troy Rd, O'Fallon, IL 62269
      View Details
    • Value Estimation by Request
      10,025 SF

      620 Main St

      Restaurants • 10,025 SF
      620 Main St, Shiloh, IL 62269
      View Details
    • Value Estimation by Request
      20,904 SF

      1333 Central Park Dr

      Restaurants • 20,904 SF
      1333 Central Park Dr, O'Fallon, IL 62269
      View Details

    Similar Nearby for Sale

    • New
      $275,000
      3,036 SF

      Versatile Income-Generating Corner Lot

      High-traffic O'Fallon property with multiple income streams.
      633 S Lincoln Ave, 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 Highway 50 W, O Fallon, IL 62269
      View Details
    • Contact for pricing
      8,000 SF

      Downtown Shiloh Commercial Lot

      One-acre commercial lot with approved strip center plan.
      121 S Main St, Shiloh, IL 62269
      View Details
    • Contact for pricing
      3,036 SF

      O'Fallon Mixed-Use Income Property

      High-traffic corner lot with multiple income streams in O'Fallon.
      635 S Lincoln Ave, O Fallon, IL 62269
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale.
      N Green Mount Rd, O Fallon, IL 62269
      View Details
    • Contact for pricing

      Highway 50 Development Opportunity

      1.42 acres on Highway 50 in O'Fallon, Illinois.
      813 Highway 50 W, O Fallon, IL 62269
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Retail Building Near I-64

      Office/retail building near I-64 and St. Elizabeth’s hospital.
      104 Regency Park, O Fallon, IL 62269
      View Details
    • Contact for pricing
      1,766 SF

      Retail Space in O'Fallon Center

      Retail space available in established O'Fallon shopping center.
      3720 Green Mount Crossing Dr, O Fallon, IL 62269
      View Details
    • Contact for pricing
      22,553 SF

      Retail Space Near Interstate 64

      Sublease opportunity in O'Fallon, IL with high visibility.
      1234 Central Park Dr, O Fallon, IL 62269
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Mixed-Use Development

      Retail space available near a 29-acre mixed-use development.
      1222 Central Park Dr, O Fallon, IL 62269
      View Details
    • Contact for pricing
      7,200 SF

      O'Fallon Retail Space Available

      Retail space available for lease in O'Fallon, Illinois.
      207 Scott Troy Rd, O Fallon, IL 62269
      View Details
    • Contact for pricing

      O'Fallon Commercial Space Available

      Commercial space for rent in O'Fallon, Illinois.
      1354 Porter Rd, O Fallon, IL 62269
      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.
    1317 Hwy
    O'Fallon, IL 62269
    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
    1317 Hwy, O'Fallon, IL, 62269
    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!