Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1220 Donald Bailey Dr Caseyville, IL 62232-2086

    • Commercial real estate
    • 6,100 SF
    • 10.23 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4757936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1220 Donald Bailey Dr

    Year built
    1987
    Construction
    WOOD
    Lot size
    10.23 lot acres
    Property size
    6,100 SF
    Property type
    Commercial real estate
    APN
    03-15-0-100-015
    APU
    3150100015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $387,000
      Market price range: $193k - $912k
      AI Estimate
      $499,000
      Market price range: $267k - $939k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $475,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Caseyville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9826
    Latitude
    38.6225
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,063
    $17,021
    $80,972
    $97,993
    -
    $51,063
    $242,916
    $293,979

    Comparable in this City

    • Value Estimation by Request
      0.69 Acres

      I-64 And Il-157

      Land • 0.69 Acres
      I-64 And Il-157, Mulberry Grove, IL 62232
      View Details
    • Value Estimation by Request
      0.17 Acres

      218 4th St

      COMMERCIAL (GENERAL) • 0.17 Acres
      218 4th St, Caseyville, IL 62232
      View Details
    • Value Estimation by Request
      19.78 Acres

      2180 81st St

      COMMERCIAL (GENERAL) • 19.78 Acres
      2180 81st St, Caseyville, IL 62232-1604
      View Details
    • Value Estimation by Request

      2180 Patricia Ct

      COMMERCIAL (GENERAL)
      2180 Patricia Ct, Caseyville, IL 62232-2327
      View Details
    • Value Estimation by Request
      0.22 Acres

      Black Ln

      COMMERCIAL (GENERAL) • 0.22 Acres
      Black Ln, Caseyville, IL 62232
      View Details
    • Value Estimation by Request
      0.13 Acres

      23 Scates St

      COMMERCIAL (GENERAL) • 0.13 Acres
      23 Scates St, Caseyville, IL 62232-1601
      View Details

    Similar Nearby for Sale

    • $75,000
      1.71 Acres

      Caseyville Commercial Land - $75K

      1.71 Acres, High Traffic, I-64 Access
      7421 Illinois St, Caseyville, IL 62232
      View Details
    • Contact for pricing
      0.69 Acres

      I-64 & IL-157 Commercial Land

      Prime IL commercial lots, I-64 access.
      I-64 And Il-157, Mulberry Grove, IL 62232
      View Details
    • $315,000
      2.96 Acres

      Caseyville Commercial Land - $315K

      Prime I-64 development site, 2.96 acres.
      2439 Old Country Inn Dr, Caseyville, IL 62232
      View Details
    • $595,000
      3,240 SF

      Caseyville 8-Unit Apartment Complex

      Well-maintained 8-unit apartment complex in Caseyville, Illinois.
      19 S Long St, Caseyville, IL 62232
      View Details
    • $79,900
      0.63 Acres

      Spacious Double Lot in Tanglewood

      Double lot in Tanglewood neighborhood, build your dream home!
      8038 Tahoe Rdg, Caseyville, IL 62232
      View Details
    • Contact for pricing
      0.86 Acres

      Caseyville Land Ready For Development

      Vacant land suitable for development or manufactured homes.
      1735 Cherokee St, Caseyville, IL 62232
      View Details

    Similar Nearby for Lease

    • $1,400,000
      1,716 SF

      Former Medical Office For Lease

      1,716 SF medical office space available for lease.
      5400 N Illinois St, Fairview Heights, IL 62232
      View Details
    • $9,000 /Mo

      Warehouse with Rail Spur For Lease

      8.33 acres with warehouse and rail spur for lease.
      719 N 1St St, E St Louis, IL 62232
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Fairview Heights

      2000 SF retail space with excellent visibility and access.
      5909-5961 N Illinois St, Fairview Heights, IL 62232
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space with Drive-Thru Potential

      Retail spaces available in top-ranked Fairview Heights power center.
      5909 N Illinois St, Fairview Heights, IL 62232
      View Details
    • $13 SF/Yr
      2,500 SF

      Retail/Office Center in Fairview Heights

      Retail/office spaces available in high-traffic Fairview Heights location.
      5317-5327 N Illinois St, Fairview Heights, IL 62232
      View Details
    • $13 SF/Yr
      1,400 SF

      Fairview Heights Retail/Office Suites

      Office and retail suites available in established Fairview Heights center.
      4600-4660 N Illinois St, Fairview Heights, IL 62232
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1220 Donald Bailey Dr
    Caseyville, IL 62232-2086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.