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    12323 Highland Rd Highland, IL 62249-1347
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    Property profile & analytics

    12323 Highland Rd, Highland, IL 62249-1347

    View on Map
    • Office Spaces
    • 3,810 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US28-2031894
    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.
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 12323 Highland Rd

    Year built
    1960
    Lot size
    0.40 lot acres
    Property type
    Office Spaces
    APN
    01-2-24-06-12-201-007
    APU
    12240612201007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 23, 2020 — Head Ents INC — Deed · related $260k · Bradford Nat'l Bk/greenville
    Dec 5, 2006 — Head Ents INC Of Ill — Trustees Deed · related $50k · Bank Of Edwardsville
    — — Head Ents INC Of Illinois — Loan Modification · related $26k · Bank Of Edwardsville
    — — Head Ents INC Of Ill — Deed Of Trust · related $100k · Bank Of Edwardsville
    — — Head Ents INC — Deed Of Trust · related $50k · Bank Of Edwardsville
    — — Head Ents INC Of Illinois — Deed Of Trust · related $62k · Bank Of Edwardsville
    — — Head Ents INC Of Il — Deed Of Trust · related $20k · Bank Of Edwardsville
    — — Head Ents INC Of Il — Deed Of Trust · related $10k · Bank Of Edwardsville
    — — Head Ents INC Of Ill — Deed Of Trust · related $50k · Bank Of Edwardsville
    — — Head Ents INC Of Illinois — Loan Modification · related $36k · Bank Of Edwardsville
    — — Head Ents INC Of Illinois — Loan Modification · related $50k · Bank Of Edwardsville
    — — Head Ents INC — Deed Of Trust · related $260k · Bradford Nat'l Bk/greenville
    — — Head Ents INC Of Il — Deed Of Trust · related $42k · Bank Of Edwardsville
    — — Head Ents INC Of Il — Deed Of Trust · related $50k · Bank Of Edwardsville

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $547,000
      Market price range: $211k - $593k
      AI Estimate
      $487,000
      Market price range: $162k - $504k

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.693
    Latitude
    38.7375
    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
    2022
    $9,491
    $38,690
    $82,520
    $121,210
    -
    $116,186
    $247,808
    $363,994

    Comparable in this City

    • Value Estimation
      $730,000
      4,996 SF

      507 Monroe St

      OFFICE (GENERAL)
      507 Monroe St, Highland, IL 62249-1331
      View Details
    • Value Estimation by Request
      1,845 SF

      217 Suppiger Ln

      OFFICE (GENERAL)
      217 Suppiger Ln, Highland, IL 62249-1132
      View Details
    • Value Estimation by Request
      3,160 SF

      914 Broadway

      OFFICE (GENERAL)
      914 Broadway, Highland, IL 62249-1811
      View Details
    • Value Estimation by Request
      16,091 SF

      114 Executive Dr

      Office Spaces
      114 Executive Dr, Highland, IL 62249
      View Details
    • Value Estimation
      $2,380,000
      11,304 SF

      1212 Broadway

      OFFICE (GENERAL)
      1212 Broadway, Highland, IL 62249-1918
      View Details
    • Value Estimation by Request
      996 SF

      1101 Broadway

      OFFICE (GENERAL)
      1101 Broadway, Highland, IL 62249-1902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,855 SF

      Highland Commercial Site for Sale

      Land available for build to suit near St. Joseph’s Hospital.
      5 Apex Dr, Highland, IL 62249
      View Details
    • Contact for pricing

      High Visibility Commercial Property

      Prime location with high traffic and recent upgrades.
      12571 2Nd St, Highland, IL 62249
      View Details
    • Contact for pricing
      5,375 SF

      Versatile Medical/Athletic Facility For Sale

      5,375 SF building suitable for medical, athletic, or office use.
      1117 Washington St, Highland, IL 62249
      View Details
    • Contact for pricing
      2,300 SF

      Versatile Office/Warehouse on Corner Lot

      2,196 SF office/warehouse with flexible space and industrial zoning.
      305 Forest Dr, Highland, IL 62249
      View Details
    • $295,000

      High Visibility Retail/Office Opportunity

      Retail/office building with high traffic and dedicated parking.
      12571 2Nd St, Highland, IL 62249
      View Details
    • Contact for pricing
      12,827 SF

      Single Tenant Office Building For Sale

      Single tenant office building with long-term lease in place.
      115 Executive Dr, Highland, IL 62249
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,040 SF

      Remodeled Medical Office Suite

      3,040 SF remodeled medical office suite for lease.
      1628-1336 Mercantile Dr, Highland, IL 62249
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      3,995 SF office/warehouse space available for lease.
      114 Executive Dr, Highland, IL 62249
      View Details
    • Contact for pricing

      Remodeled Medical Office Suite

      Newly remodeled medical office suite in Woodcrest Plaza, Highland, IL.
      1336 Mercantile Dr, Highland, IL 62249
      View Details
    • Contact for pricing

      Highland Retail/Office Spaces Available

      Retail and office spaces for lease in Highland Shopping Center.
      12603 State Route 143, Highland, IL 62249
      View Details
    • Contact for pricing
      1,450 SF

      Highland Retail/Office/Medical Spaces For Lease

      Office, retail, and medical spaces available for lease in Highland.
      12603 State Route 143, Highland, IL 62249
      View Details
    • Contact for pricing
      10,000 SF

      New Office Space Available

      Newly constructed office space near St. Joseph's Hospital.
      5-25 Apex Dr, Highland, IL 62249
      View Details
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    Highland, IL 62249-1347
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    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
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