Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd 3 Mile Crk Rd Rosiclare, IL 62982

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Tbd 3 Mile Crk Rd Rosiclare, IL 62982

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

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd 3 Mile Crk Rd

    Lot size
    184.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 184-acre property in Hardin County, Illinois, presents a unique blend of income-generating potential and recreational opportunities. The land comprises 130 acres of highly productive tillable farmland, currently generating an annual income of $11,700. An additional 50 acres are covered in mature timber, providing both aesthetic appeal and potential for future growth. A tranquil pond adds to the property's natural beauty, while the edge habitat supports abundant wildlife, making it ideal for hunting, particularly whitetail deer. Historically used for hunting leases, this aspect offers further income potential. Located near the Garden of the Gods Wilderness Area, Cave-in-Rock State Park, and Shawnee National Forest, the property provides easy access to extensive hiking and horse trails. The proximity to the Ohio River offers excellent fishing opportunities. This property is priced at $625,600 and is situated at TBD Three Mile Creek Rd, Rosiclare, IL 62982. The combination of income-producing farmland, recreational hunting land, and stunning natural surroundings makes this a truly remarkable investment opportunity. This is a chance to own a haven where financial returns and the beauty of nature seamlessly intertwine, offering a canvas for your dreams amidst fertile fields and flourishing woodlands. The property's address is listed as TBD Three Mile Creek Rd, Rosiclare, IL 62982.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rosiclare
    County
    Hardin
    State
    Illinois
    Longitude
    -88.3499
    Latitude
    37.4441

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      609610 4th St

      COMMERCIAL (GENERAL) • 0.16 Acres
      609610 4th St, Rosiclare, IL 62982
      View Details
    • Value Estimation by Request

      1808 Fairview Rd

      COMMERCIAL (GENERAL)
      1808 Fairview Rd, Rosiclare, IL 62982-1026
      View Details
    • Value Estimation by Request

      501 Il Rt 146th W

      INDUSTRIAL (GENERAL)
      501 Il Rt 146th W, Rosiclare, IL 62982
      View Details
    • Value Estimation by Request
      0.17 Acres

      415 Walnut St

      COMMERCIAL (GENERAL) • 0.17 Acres
      415 Walnut St, Rosiclare, IL 62982
      View Details
    • Value Estimation by Request

      602 Main St

      COMMERCIAL (GENERAL)
      602 Main St, Rosiclare, IL 62982
      View Details
    • Value Estimation by Request
      0.50 Acres

      Rosiclare, IL 62982

      COMMERCIAL (GENERAL) • 0.50 Acres
      Rosiclare, IL 62982
      View Details

    Similar Nearby for Sale

    • $143,500
      41.00 Acres

      Wooded Land Near Ohio River

      Secluded 41-acre wooded tract ideal for hunting and recreation.
      00 Airport Rd, Rosiclare, IL 62982
      View Details
    • $45,000
      10.00 Acres

      Wooded Land Near Ohio River

      Secluded 10-acre wooded tract near Rosiclare, Illinois.
      Highwater Rd, Rosiclare, IL 62982
      View Details
    • $143,500
      41.00 Acres

      Hardin County Wooded Hunting Land

      41 acre wooded tract in Hardin County, Illinois.
      Airport Rd, Rosiclare, IL 62982
      View Details
    • $182,850
      53.00 Acres

      Wooded Land in Hardin County

      53 acres of wooded land near the Ohio River.
      00 Highwater Rd, Rosiclare, IL 62982
      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.
    Tbd 3 Mile Crk Rd
    Rosiclare, IL 62982
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!