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Property profile & analytics
OFF-MARKET
Office Spaces
1003 Morrison Ave Collinsville, IL 62234-1569
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-1779981
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1985
Total area
4,700 SF
Lot
0.46 ac (20,038 SF)
APN
13-1-21-33-20-401-008
UPID
US28-1779981
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
-
Fowler Data Co Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pfl Development LLC · 3 yrs held
Pfl Development LLC
since 2023
7 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 Collinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collinsville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,652
Tax year 2022
Assessed value
$24,990
Assessed 2022
Previous assessed
$24,990
+0.0% YoY
Effective rate
6.61%
On assessed value
Assessed land
$8,420
Assessed improvement
$16,570
Land market value
$25,285
Improvement market value
$49,760
Total market value
$75,045
Applied tax rate
97.0000
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
1985
Heating
NONE
Total area
4,700 SF
Lot
0.46 ac (20,038 SF)
APN
13-1-21-33-20-401-008
UPID
US28-1779981
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
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Pfl Development LLC
Entity
Free & Clear · 3 yrs held
Mailing address
615 E MONROE AVE, SAINT LOUIS, MO 63122-6319
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
Pfl Development LLC
Metro Apartments At Collinsville Ll
Warranty Deed
—
Nov 26, 2019
$65,000
Metro Apts At Collinsville LLC
Lawrence R Berman
Grant Deed
$120,000 · Dieterich Bk NA
Oct 27, 2015
$47,500
Lawrence Berman
Goshen Real Estate LLC-ii
Warranty Deed
—
Dec 10, 2013
—
Goshen Real Estate LLC-ii
Fowler,robert B & Denise K
Quit Claim Deed
related
—
Dec 11, 2007
—
Robert B Fowler
Fowler,robert B & Denise K
Quit Claim Deed
related
$220,000 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Deed Of Trust
related
$209,336 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Deed Of Trust
related
$35,000 · Omni Bank
—
—
Robert B Fowler
—
Deed Of Trust
related
$65,000 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Deed Of Trust
related
$185,000 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Deed Of Trust
related
$85,000 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Deed Of Trust
related
$177,500 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Loan Modification
related
$182,132 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Deed Of Trust
related
$209,336 · Bank Of Edwardsville
—
—
Robert B Fowler
—
Deed Of Trust
related
$50,000 · Omni Bank
—
—
Robert B Fowler
—
Deed Of Trust
related
$25,200 · Omni Bank
—
—
Robert B Fowler
—
Deed Of Trust
related
$180,000 · Omni Bank
—
—
Robert B Fowler
—
Deed Of Trust
related
$22,648 · Bank Of Edwardsville
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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