Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Greenbriar Rd Carterville, IL 62918
    Property profile & analytics

    Greenbriar Rd, Carterville, IL 62918

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

    Current Use by Public Records

    • Land

    Property Details for 0 Greenbriar Rd

    Lot size
    1.33 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.33-acre commercial lot in Carterville, Illinois, presents a remarkable investment opportunity. Located on Greenbriar Road, this property boasts a highly desirable location directly across from John A. Logan College, ensuring excellent visibility and accessibility for any commercial enterprise. Zoned for commercial use, this parcel is ready for immediate development. City utilities are readily available, simplifying the construction process and minimizing upfront costs. The expansive lot size offers ample space for a variety of commercial projects, from retail establishments to office buildings or other suitable ventures. Its strategic position near the college provides a consistent flow of potential customers and employees. The asking price is $146,999. This prime piece of real estate in a growing area offers significant potential for return on investment. The property's address is Greenbriar Rd, Carterville, IL 62918, within Williamson County. Don't miss this chance to establish your business in a thriving community with a strong educational presence. This is a rare opportunity to acquire a well-situated commercial lot in a desirable location. The property is ready for development and offers significant potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carterville
    County
    Williamson
    State
    Illinois
    Longitude
    -89.0958
    Latitude
    37.7481

    Comparable in this City

    • Value Estimation by Request
      9.60 Acres

      Il-13

      Land
      0 Il-13, Carterville, IL 62918
      View Details
    • Value Estimation by Request
      23.00 Acres

      Samuel Rd

      Farms
      0 Samuel Rd, Carterville, IL 62918
      View Details
    • Value Estimation by Request
      4.71 Acres

      Rte 13 & Division St

      Land
      0 Rte 13 & Division St, Carterville, IL 62918
      View Details
    • Value Estimation by Request

      Frontage Rd

      Land
      0 Frontage Rd, Carterville, IL 62918
      View Details
    • Value Estimation by Request

      706 Plaza Dr

      Restaurants
      706 Plaza Dr, Carterville, IL 62918
      View Details
    • Value Estimation by Request
      15.00 Acres

      000 Frontage Rd

      Land
      000 Frontage Rd, Carterville, IL 62918
      View Details

    Similar Nearby for Sale

    • $369,900

      Carterville Commercial Property - IL

      Prime Carterville location, high visibility, ample parking.
      1305 Division St, Carterville, IL 62918
      View Details
    • Contact for pricing
      3,364 SF

      Mixed-Use Building on Route 13

      Mixed-use building with warehouse, retail, and office spaces.
      1808 Clark St, Carterville, IL 62918
      View Details
    • $490,000
      3,120 SF

      High-Visibility Carterville Commercial Space

      Prime Location, High Traffic, Seller Financing
      6173 Bayer Rd, Carterville, IL 62918
      View Details
    • Contact for pricing

      Prime Land on Hwy 13

      High-visibility land with highway access near John A. Logan College.
      Samuel Rd, Carterville, IL 62918
      View Details
    • Contact for pricing

      23 Acres Commercial Land Available

      23 acres of commercial land with highway access.
      Hwy 13, Carterville, IL 62918
      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.
    Greenbriar Rd
    Carterville, IL 62918
    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
    Greenbriar Rd, Carterville, IL, 62918
    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!