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Property profile & analytics
OFF-MARKET
Estimated value
$8,360,000
Industrial properties
1 Busch Blvd Belleville, IL 62223-1017
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2511097
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
STEEL FRAME
Total area
147,888 SF
Lot
52.3 ac (2,278,188 SF)
APN
07-10-0-201-001
UPID
US28-2511097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grey Eagle Distributors Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.43M
Blend (final)
Blend
$8.36M
Owner & transaction history
Stokes Distributing LLC · 13 yrs held
Stokes Distributing LLC
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,770,000
Current use
COMMERCIAL (GENERAL)
$6,095,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$8.36M
Range $7.52M – $9.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$242,989
Tax year 2023
Assessed value
$2,522,913
Assessed 2023
Previous assessed
$2,522,913
+0.0% YoY
Effective rate
9.63%
On assessed value
Assessed land
$270,154
Assessed improvement
$2,252,759
Land market value
$810,462
Improvement market value
$6,758,277
Total market value
$7,568,739
Applied tax rate
2,082.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Total area
147,888 SF
Lot
52.3 ac (2,278,188 SF)
APN
07-10-0-201-001
UPID
US28-2511097
Jurisdiction
ST CLAIR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Lot
52.3 ac
Current owner
From public records · entity-resolved
Stokes Distributing LLC
Entity
Mailing address
2340 MILLPARK DR, MARYLAND HEIGHTS, MO 63043-3530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
—
Stokes Distributing LLC
—
Deed
related
$80,000 · Pnc Bk
Aug 21, 2018
—
Stokes Distributing LLC
—
Loan Modification
related
$75,000,000 · Wells Fargo Bk
Dec 3, 2012
$7,500,000
Stokes Distributing LLC
Illinois Properties LLC
Grant Deed
$75,000,000 · Wells Fargo Bk Nw NA
—
—
Stokes Distributing LLC
—
Loan Modification
related
$70,000 · Wells Fargo Bk
—
—
Stokes Distributing LLC
—
Deed Of Trust
related
$80,000 · Pnc Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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