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    Property profile & analytics

    1820 N Belt E Belleville, IL 62221

    • Commercial real estate
    • 2,496 SF
    • 0.51 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    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
    1953
    Lot size
    0.51 lot acres
    Property size
    2,496 SF
    Property type
    Commercial real estate

    Description

    This exceptional single-tenant office/retail building, located at 1820 N Belt E in Belleville, Illinois, presents a unique investment opportunity. The 2,496 square foot building sits on a 0.51-acre lot and boasts a convenient C-2 zoning classification. Constructed in 1953, this one-story structure features a 10-foot ceiling height and offers a versatile layout ideal for a variety of businesses. The interior includes a reception/waiting area, three private offices, a multi-purpose room/bullpen, and two restrooms. An attached garage adds to the convenience. Ample off-street parking is available with 15 spaces. The property benefits from excellent visibility and signage opportunities along North Belt East (IL Route 161). Its strategic location offers easy access to Carlyle Avenue, Belleville Township High School East, major retail establishments, self-storage facilities, residential areas, and financial institutions. The property's address is 1820 N Belt E, Belleville, IL 62221, with APN 08-23.0-200-007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9570016
    Latitude
    38.5204745

    Comparable in this City

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      2626 West Blvd, Belleville, IL 62221
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      12,340 SF

      Belleville Office/Warehouse Space Available

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      23,600 SF

      Retail Space For Lease

      Retail spaces available with monument and building signage.
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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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      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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    Similar Nearby for Sale

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      Green Mount Road Development Site

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      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

      Freestanding 2,496 SF office/retail building in East Belleville.
      1820 N Belt E, 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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      2,995 SF

      Office Building with Signage

      7,926 SF building with space for lease and signage.
      1801 N Belt W, Belleville, IL 62221
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    Similar Nearby for Lease

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      12,340 SF

      Belleville Office/Warehouse Space Available

      12,340 SF office/warehouse space for lease in Belleville, IL.
      9480 State Route 15, Belleville, IL 62221
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      Office Space For Lease

      800 SF office space with private offices and reception.
      2626 West Blvd, 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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      2,000 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
      20-76 Carlyle Plaza 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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    • Contact for pricing

      Retail Space in Central Belleville

      Retail space with high visibility near shopping and attractions.
      1838 Central Plaza Dr, Belleville, IL 62221
      View Details
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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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