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    1830 Vandalia St Collinsville, IL 62234
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    1830 Vandalia St Collinsville, IL 62234

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    • Commercial land
    For Sale
    $149,000
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    Commercial Development Site on Vandalia For Sale
    $149,000
    1.29 Acres

    Commercial Development Site on Vandalia

    1.29 acre commercial development site on Vandalia Street.

    1830 Vandalia St, Collinsville, IL 62234
    View Listing
    Property ID
    US28-1753629
    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

    • Commercial land

    Property Details for 1830 Vandalia St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    1.29 Acre Commercial Development Site fronting newly improved IL-159 (Vandalia) with 19,600 cars passing daily. Adjacent to Son-Life Church, Dorris Intermediate School and VFW Post. Multiple other amenities just minutes away in either direction. Zoned BP-2 Business Park District.

    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
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.969611
    Latitude
    38.694104

    Comparable in this City

    • $850,000

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      8.27 Acre Development Site

      Development site in prime light industrial area, ideal logistical location.
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      I-255 Development Site Available

      62+ acre development site with I-255 visibility in Collinsville, IL.
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      2.81 Acre Site in Collinsville

      2.81 acre commercial land for sale in Collinsville, IL.
      Horseshoe Lake Rd, Collinsville, IL 62234
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      Eastport Commerce Center Outlot

      4.86 acre outlot in rapidly growing industrial area.
      105 Commerce Center Dr, Collinsville, IL 62234
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      Collinsville Land for Development

      5.93 acre site near industrial warehousing for sale.
      Mulberry St, Collinsville, IL 62234
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      Mulberry Street, Collinsville, IL 62234

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      3 Ac Site For Sale

      3-acre commercial site with utilities and high traffic frontage.
      204-206 North Bluff Rd, Collinsville, IL 62234
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    • $550,000

      Retail/Office Development Site Available

      3-acre commercial land for retail or office development.
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      I-255 Development Site Available

      62+ acre development site with I-255 visibility in Collinsville, IL.
      Eastport Plaza Dr, Collinsville, IL 62234
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      2.81 Acre Site in Collinsville

      2.81 acre commercial land for sale in Collinsville, IL.
      Horseshoe Lake Rd, Collinsville, IL 62234
      View Details
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      Eastport Commerce Center Outlot

      4.86 acre outlot in rapidly growing industrial area.
      105 Commerce Center Dr, Collinsville, IL 62234
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    Similar Nearby for Lease

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      Development Lot For Lease/Sale

      1 acre development lot available for lease or sale.
      705 Il-157, Edwardsville, IL 62234
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      94,387 SF

      Prime Land in Collinsville, Illinois

      High-visibility land with excellent access and co-tenancy.
      I-55 N Bluff Rd, Collinsville, IL 62234
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      Commercial Land For Lease/Sale

      Commercial land available for lease or sale near I-255.
      9500 Collinsville Rd, Collinsville, IL 62234
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      60,000 SF

      Collinsville Land for Build-to-Suit

      Multiple build-to-suit lots available in Collinsville's thriving Eastport District.
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      Collinsville Commercial Land For Rent

      Commercial land available for rent in Collinsville, Illinois.
      1101-1105 Plainview Dr, Collinsville, IL 62234
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    • Contact for pricing

      Collinsville Build to Suit Lots

      Office/Warehouse lots available in Collinsville's Eastport District.
      1608 Eastport Plaza Dr, Collinsville, IL 62234
      View Details
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    Collinsville, IL 62234
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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.

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