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Property profile & analytics
FOR SALE
Commercial real estate
1237 Central Park Dr O Fallon, IL 62269
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-1616332
For Sale
1 / 2
$13,500,000
1237 Central Park Dr, O Fallon, IL 62269
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
127,387 SF
Lot
11.49 ac (500,504 SF)
APN
03-36-0-401-017
UPID
US28-1616332
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
-
Ofallon IL Empty Bowl Association / Organization
-
Gateway Classic Cars Cruises Car Dealership
-
Gateway Classic Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.35M
Blend (final)
Blend
$8.97M
Owner & transaction history
Fairmont Venture Partners LLC · 12 yrs held
Fairmont Venture Partners LLC
since 2014
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 O Fallon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs O Fallon 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.97M
Range $8.07M – $9.87M · ±10%
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
$70 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$105,206
Tax year 2023
Assessed value
$1,377,550
Assessed 2023
Previous assessed
$1,377,550
+0.0% YoY
Effective rate
7.64%
On assessed value
Assessed land
$802,989
Assessed improvement
$574,561
Land market value
$2,408,967
Improvement market value
$1,723,683
Total market value
$4,132,650
Applied tax rate
8,045.0000
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
For Sale
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Total area
127,387 SF
Lot
11.49 ac (500,504 SF)
APN
03-36-0-401-017
UPID
US28-1616332
Jurisdiction
ST CLAIR
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
2004
Construction
STEEL FRAME
Heating
NONE
Lot
11.49 ac
Current owner
From public records · entity-resolved
Fairmont Venture Partners LLC
Entity
Mailing address
1237 CENTRAL PARK DR, O FALLON, IL 62269-1774
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Nov 30, 2022
—
Fairmont Venture Partners LLC
—
Deed
related
$9,600,000 · American Bank Of Missouri
Mar 6, 2019
—
Fairmont Venture Partners LLC
—
Deed
related
$250,000 · Illinois Nat'l Bk
Mar 19, 2018
—
Fairmont Venture Partners LLC
—
Grant Deed
related
$10,000,000 · Great Sthrn Bk
Jan 2, 2014
$2,500,000
Fairmont Venture Partners LLC
Wells Fargo Bank NA 2004-2
Grant Deed
$2,165,732 · Liberty Bk
Nov 1, 2012
—
Wells Fargo Bank Series 2004-2
Ge Coml Fin Busn Prop Corp
Grant Deed
related
—
Mar 6, 2012
—
Elec Coml Fin Busn Pr
Platinum Real Estate Invs LLC
Grant Deed
related
—
Oct 6, 2004
$8,500,000
Riverlane Mhp LLC
American Tv & Appliance Of Madiso
Quit Claim Deed
related
$8,960,000 · Ge Capital Business Asset Fund
—
—
Fairmont Venture Partners LLC
—
Deed Of Trust
related
$400,000 · St Clair County (il)
—
—
Fairmont Venture Partners LLC
—
Deed Of Trust
related
$250,000 · Illinois Nat'l Bk
—
—
Fairmont Venture Partners LLC
—
Deed Of Trust
related
$3,715,706 · Liberty Bk
—
—
Fairmont Venture Partners LLC
—
Deed Of Trust
related
$400,000 · St Clair County (il)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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