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    Carlyle Ave Belleville, IL 62221
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    Carlyle Ave Belleville, IL 62221

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    • Land
    • 80.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Carlyle Ave

    Lot size
    80.12 lot acres
    Property type
    Land

    Description

    This exceptional 80.12-acre residential development opportunity in Belleville, Illinois, presents a unique chance to acquire a partially developed subdivision. Priced at $1,600,000 ($19,971/acre), this property boasts a total of 203 small lots and 26 larger lots, all within a platted subdivision. The land is zoned for single-family residential use by both the City of Belleville and St. Clair County, offering flexibility in lot sizes. Significant infrastructure is already in place, including some grading, streets, and utilities. Detailed information on the existing infrastructure is readily available. Conveniently located 0.35 miles from Green Mount Road, the SWIC campus, and the Green Mount Commons Shopping Center, this location offers excellent accessibility. Utilities are readily available on-site, including water from American Water, sewer from the City of Belleville, gas from Ameren Illinois, and electricity from Ameren Illinois. The property's APN is available upon request. This is an ideal investment for developers seeking a ready-to-build residential community in a desirable location. The county zoning allows for larger lot sizes than the city zoning, providing additional development options. Don't miss this chance to acquire a prime residential development tract in a thriving area.

    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
    Belleville
    County
    St Clair
    State
    Illinois
    Longitude
    -89.9171
    Latitude
    38.5195

    Comparable in this City

    • Value Estimation by Request
      3.07 Acres

      589 Green Mount Rd

      Land • 3.07 Acres
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      2.20 Acres

      1915 Carlyle Ave

      Land • 2.20 Acres
      1915 Carlyle Ave, Belleville, IL 62221
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      0.80 Acres

      1602-92 Carlyle Ave

      Land • 0.80 Acres
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      1.00 Acre

      Il Rte 159 & Biver Ln

      Land • 1.00 Acre
      0 Il Rte 159 & Biver Ln, Belleville, IL 62221
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    • Value Estimation by Request
      17.48 Acres

      988 Green Mount Rd

      Land • 17.48 Acres
      988 Green Mount Rd, Belleville, IL 62221
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    • Value Estimation by Request
      10.50 Acres

      310 Wingate Blvd

      Land • 10.50 Acres
      310 Wingate Blvd, Belleville, IL 62221
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    Similar Nearby for Sale

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      Land Available in Expanding Community

      Land lots available near schools in a growing community.
      1602-92 Carlyle Ave, Belleville, IL 62221
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      Corner Development Site For Sale

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      Updated Duplex on Corner Lot

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    Similar Nearby for Lease

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      Prime Commercial Land For Rent

      Commercial land with high visibility and access, near major establishments.
      860 Carlyle Ave, Belleville, IL 62221
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      Three Acres Developable Land

      Three acres of developable land in Shiloh, Illinois.
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      Office Space For Lease

      800 SF office space with private offices and reception.
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      2,000 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
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    • Contact for pricing
      5,856 SF

      Retail Space in Belleville, IL

      Retail space available in a busy shopping center.
      654-658 Carlyle Ave, Belleville, IL 62221
      View Details
    • Contact for pricing

      Retail Space in Central Belleville

      Retail space with high visibility near shopping and attractions.
      1838 Central Plaza Dr, Belleville, IL 62221
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    Carlyle Ave
    Belleville, IL 62221
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    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
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    Carlyle Ave, Belleville, IL, 62221
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