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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office Spaces
116 Ww St, Edwardsville, IL 62025-1468
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-0126028
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1975
Total area
2,389 SF
Lot
0.24 ac (10,500 SF)
APN
14-2-15-11-13-302-004
UPID
US28-0126028
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
-
The Joiner Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$550k
Owner & transaction history
Joiner Real Properties LLC · 5 yrs held
Joiner Real Properties LLC
since 2021
Last sale
$550,000
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 Edwardsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edwardsville 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
$565,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Mar 30 2021)
Last sale anchor
$550k
Mar 30 2021
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
$230 / 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
$8,448
Tax year 2022
Assessed value
$115,360
Assessed 2022
Previous assessed
$115,360
+0.0% YoY
Effective rate
7.32%
On assessed value
Assessed land
$16,270
Assessed improvement
$99,090
Land market value
$48,859
Improvement market value
$297,568
Total market value
$346,427
Applied tax rate
102.0000
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
1975
Heating
NONE
Total area
2,389 SF
Lot
0.24 ac (10,500 SF)
APN
14-2-15-11-13-302-004
UPID
US28-0126028
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
1975
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Joiner Real Properties LLC
Entity
Mailing address
116 WW ST, EDWARDSVILLE, IL 62025-1468
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
$550,000
Joiner Real Properties LLC
Barbara S Joiner
Warranty Deed
$491,150 · Carrollton Bank
Aug 27, 2020
—
Barbara S Joiner
Bradley S Joiner
Quit Claim Deed
related
—
Jun 17, 2009
$300,000
Bradley S Joiner
Sherrill R/e Inv Co LLC
Warranty Deed
$300,000 · First Clover Leaf Bank
Apr 4, 2005
—
Sherrill Real Estate Co LLC
—
Trustees Deed
related
$125,000 · Associated Bank
Jun 30, 2004
$20,000
Sherrill R/e Investment Co LLC
Sherrill,david J & Sharon E
Warranty Deed
related
—
Jan 24, 2002
$251,667
David J Sherrill
Winfield Companies Illinois
Grant Deed
$150,000 · Associated Bank Illinois NA
Sep 28, 2000
$139,000
Winfield Companies Illinois
Arth,kimberly
Grant Deed
$136,000 · Union Bank Of Illinois
Jun 25, 1999
$105,000
Kimberly Arth
Bank Of Edwardsville
Grant Deed
$115,000 · Union Bank Of Illinois
Mar 18, 1998
—
Bank Of Edwardsville
Beatty,john M & Kristine A
Quit Claim Deed
related
—
—
—
Sherrill R/e Inv Co LLC
—
Deed Of Trust
related
$253,310 · Associated Bank
—
—
Sherrill R/e Inv Co LLC
—
Deed Of Trust
related
$241,000 · The Edge Bank
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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