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    1820 N Belt E Belleville, IL 62221
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    1820 N Belt E, Belleville, IL 62221

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    • Office buildings
    • 2,496 SF
    For Sale
    $140,000
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    East Belleville Office/Retail Building For Sale
    $140,000
    2,496 SF

    East Belleville Office/Retail Building

    Freestanding 2,496 SF office/retail building in East Belleville.

    1820 N Belt E, Belleville, IL 62221
    View Listing
    Property ID
    US28-1112301
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pressworks Printing / Marketing & Advertising / Printing Service
    • Murphy Cleanout Services / Construction Company / General Contractor
    • Brandon Marshall Williams / Alternative Medicine Practice
    • Carla Ward / Alternative Medicine Practice

    Property Details for 1820 N Belt E

    Year built
    1963
    Property type
    Office buildings
    Property subtype
    Retail space

    Description

    Office/Retail Building 2,496 SF free standing office/retail building located in East Belleville along North Belt East (IL Route 161). The Building consists of a reception/waiting room, 3 private offices, multi-purpose room/bull-pen, 2 restrooms and attached garage. Off Street parking for 15. Signage on site. Located less than 0.25 miles to Carlyle Ave, close proximity to BTHS East, big box retail, self-storage, residential and financial institutions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9570437
    Latitude
    38.5204611

    Comparable in this City

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      Belleville Retail/Office Opportunity

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      East Belleville Office/Retail Building

      2,496 SF office/retail building in East Belleville for sale.
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      8,417 SF

      Freestanding Retail Building on Carlyle

      8,417 SF retail building on 0.99 acres for sale.
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      Renovated Retail Building For Sale

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      Green Mount Road Development Site

      2.6-acre site ideal for office, retail, or restaurant development.
      1109 North Green Mount Rd, Shiloh, IL 62221
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    Similar Nearby for Sale

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      2,600 SF

      Restaurant Building on Carlyle Avenue

      2,600 SF restaurant building for sale on Carlyle Avenue.
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      3,557 SF

      Belleville Retail/Office Opportunity

      Retail/office space available for sale in Belleville, Illinois.
      648 Carlyle Ave, Belleville, IL 62221
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      2,496 SF

      East Belleville Office/Retail Building

      2,496 SF office/retail building in East Belleville for sale.
      1820 N Belt E, Belleville, IL 62221
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      8,417 SF

      Freestanding Retail Building on Carlyle

      8,417 SF retail building on 0.99 acres for sale.
      1000 Carlyle Ave, Belleville, IL 62221
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      3,557 SF

      Renovated Retail Building For Sale

      Freestanding, renovated retail building in high-traffic area.
      648 Carlyle Ave, Belleville, IL 62221
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      2,600 SF

      Restaurant Building For Sale

      2,600 SF restaurant in high-traffic area, suitable for conversion.
      601 Carlyle Ave, Belleville, IL 62221
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    Similar Nearby for Lease

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      2,600 SF

      Retail Space Near Walmart, Lowe's

      Retail spaces available in shopping center anchored by major retailers.
      2525 Grn Mt Cmns Dr, Belleville, IL 62221
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      5,856 SF

      Retail Space in Belleville, IL

      Retail space available in a busy shopping center.
      654-658 Carlyle Ave, Belleville, IL 62221
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      1,200 SF

      Retail Space Near Major Retailers

      Retail space in high-traffic location near Belleville East High School.
      651 Carlyle Ave, Belleville, IL 62221
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      Retail Space in Central Belleville

      Retail space with high visibility near shopping and attractions.
      1838 Central Plaza Dr, Belleville, IL 62221
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      Retail Space For Lease

      Retail space available for lease in Belleville, Illinois.
      110 Carlyle Plaza Dr, Belleville, IL 62221
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      23,600 SF

      Retail Space For Lease

      Retail spaces available with monument and building signage.
      1620-1680 Lebanon Ave, Belleville, IL 62221
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    View Listing
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    1820 N Belt E
    Belleville, IL 62221
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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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    1820 N Belt E, Belleville, IL, 62221
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