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Property profile & analytics
OFF-MARKET
Estimated value
$7,495,000
Office Spaces
1 Ct St, Alton, IL 62002-6267
Entity Owned
8-yr Hold
Free & Clear
Property ID
US28-0807229
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1971
Total area
56,684 SF
Lot
2.19 ac (95,441 SF)
APN
23-2-07-14-07-201-018
UPID
US28-0807229
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
-
Gianaris Trial Lawyers Law Firm
-
Simmons Firm Llc: Bono A Randall Law Firm
-
Simmons Hanly Conroy Law Firm
-
Burns Sarah Law Firm
-
Simmons Mesothelioma Foundation Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.52M
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$7.50M
Owner & transaction history
Giant City Properties I LLC · 8 yrs held
Giant City Properties I LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.7M
+7.9%
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 Alton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alton 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%
$9,225,000
6.5%
$8,515,000
7%
$7,905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,730,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$7.50M
Range $6.75M – $8.24M · ±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
$132 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$128,158
Tax year 2022
Assessed value
$1,460,770
Assessed 2022
Previous assessed
$1,460,770
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$106,230
Assessed improvement
$1,354,540
Land market value
$319,009
Improvement market value
$4,067,688
Total market value
$4,386,697
Applied tax rate
927.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1971
Heating
NONE
Buildings
2
Total area
56,684 SF
Lot
2.19 ac (95,441 SF)
APN
23-2-07-14-07-201-018
UPID
US28-0807229
Jurisdiction
MADISON
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)
Est. value
$4.7M
INDUSTRIAL (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
1971
Heating
NONE
Buildings
2
Lot
2.19 ac
Current owner
From public records · entity-resolved
Giant City Properties I LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1 CT ST, ALTON, IL 62002-6267
Ownership since
2018
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
Apr 2, 2018
—
Giant City Properties I LLC
Giant City Properties LLC
Quit Claim Deed
—
Sep 16, 2010
—
Giant City Properties LLC
City Of Alton
Quit Claim Deed
—
Apr 15, 2010
—
Giant City Properties LLC
—
Trustees Deed
related
$6,000,000 · First Clover Leaf Bank
Aug 17, 2009
$550,000
Giant City Properties LLC
Dmarc 1998-c1 Alton Office LLC
Grant Deed
—
Dec 31, 1997
—
C S Broadway LLC
Custom Shop Broadway Corp
Grant Deed
$4,300,000 · National Capital Funding Corp
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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