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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial real estate
1203 Delmar Ave, Godfrey, IL 62035-1739
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2427926
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Total area
3,217 SF
Lot
1.1 ac (47,916 SF)
APN
24-1-01-34-19-401-024
UPID
US28-2427926
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
-
Dr. Lawrence E. Newquist, DMD Dental Office
-
Schulmeister & Newquist Dental Office
-
Schulmeister Jody DDS Dental Office
-
Park Place Dental Group - Godfrey Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$550k
Owner & transaction history
Macddrew Properties LLC · 2 yrs held
Macddrew Properties LLC
since 2024
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 Godfrey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Godfrey 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Apr 24 2024)
Last sale anchor
$550k
Apr 24 2024
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
$171 / 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
$9,659
Tax year 2022
Assessed value
$134,950
Assessed 2022
Previous assessed
$134,950
+0.0% YoY
Effective rate
7.16%
On assessed value
Assessed land
$19,770
Assessed improvement
$115,180
Land market value
$59,369
Improvement market value
$345,886
Total market value
$405,255
Applied tax rate
201.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1998
Heating
NONE
Total area
3,217 SF
Lot
1.1 ac (47,916 SF)
APN
24-1-01-34-19-401-024
UPID
US28-2427926
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
1998
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Macddrew Properties LLC
Entity
Mailing address
309 TAMARACK LN, SHILOH, IL 62269-2993
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$550,000
Macddrew Properties LLC
Lawrence E Newquist
Warranty Deed
$467,500 · Primis Bank
Sep 6, 2023
$3,000
Department Of Transportation
Lawrence E Newquist
Warranty Deed
—
Nov 24, 1997
—
Lawrence E Newquist
—
Grant Deed
related
$390,000 · Carrollton Bank
—
—
Lawrence E Newquist
—
Deed Of Trust
related
$290,000 · Carrollton Bank
—
—
Lawrence E Newquist
—
Deed Of Trust
related
$153,971 · Carrollton Bank
—
—
Lawrence E Newquist
—
Deed Of Trust
related
$118,567 · Carrollton Bank
—
—
Lawrence E Newquist
—
Deed Of Trust
related
$171,632 · Carrollton 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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