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    Property profile & analytics

    1900 Homer M Adams Pkwy Alton, IL 62002-5607

    • Commercial real estate
    • 38,748 SF
    • 2.32 lot acres
    OFF-MARKET
    Value Estimation
    $3,505,000
    Last Sale
    Jul 14, 2025
    $3,400,000
    Location Intelligence
    Property ID
    US28-3094556
    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

    • ATM / Atm
    • Best Western Plus Parkway Hotel / Hotel

    Property Details for 1900 Homer M Adams Pkwy

    Year built
    1976
    Lot size
    2.32 lot acres
    Property size
    38,748 SF
    Property type
    Commercial real estate
    APN
    23-2-07-01-11-201-023
    APU
    232070111201023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,220,000
      6.5%
      $3,390,000
      7%
      $3,620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,970,000
      Geo Method
      $3,200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,340,000
      Retail
      $3,245,000
      Mixed-Use
      $3,575,000
      Hospitality
      $2,755,000
      Educational
      $2,955,000
      Residential Income
      $3,165,000
      Energy
      $3,240,000
      Income-Based Land
      $3,120,000
      Food Service
      $2,680,000

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.1629
    Latitude
    38.9184
    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
    $95,094
    $141,590
    $942,310
    $1,083,900
    -
    $425,195
    $2,829,760
    $3,254,955

    Comparable in this City

    • Value Estimation by Request
      21.60 Acres

      2600 Fosterburg Rd

      Commercial real estate • 21.60 Acres
      2600 Fosterburg Rd, Alton, IL 62002
      View Details
    • Value Estimation by Request
      0.08 Acres

      100 Blk Elm W St

      COMMERCIAL (GENERAL) • 0.08 Acres
      100 Blk Elm W St, Alton, IL 62002
      View Details
    • Value Estimation by Request

      Alton, IL 62002

      COMMERCIAL (GENERAL)
      Alton, IL 62002
      View Details
    • Value Estimation by Request
      0.10 Acres

      100 13th St

      COMMERCIAL (GENERAL) • 0.10 Acres
      100 13th St, Alton, IL 62002-7208
      View Details
    • Value Estimation by Request
      0.18 Acres

      100 17th St

      COMMERCIAL (GENERAL) • 0.18 Acres
      100 17th St, Alton, IL 62002
      View Details
    • Value Estimation by Request
      0.08 Acres

      1900 20th St

      COMMERCIAL (GENERAL) • 0.08 Acres
      1900 20th St, Alton, IL 62002
      View Details

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      Prime Commercial Redevelopment Opportunity
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    • $600,000

      Industrial Land Near Norfolk Rail

      20-acre industrial land with utilities and rail access.
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    Similar Nearby for Lease

    • Contact for pricing
      24,302 SF

      Alton Retail Space: Beltline Center

      Prime Alton retail space available.
      2600 Homer Adams Pkwy, Alton, IL 62002
      View Details
    • $2,948 /Mo

      Commercial Land Ready For Development

      Commercial land suitable for various development projects, high-traffic location.
      3412 Fosterburg Rd, Alton, IL 62002
      View Details
    • Contact for pricing

      Alton Retail Space Available

      Retail space with basement storage in Alton, Illinois.
      2850 Homer Adams Pkwy, Alton, IL 62002
      View Details
    • $13 SF/Yr
      21,625 SF

      Prime Corner Retail Space Available

      High-visibility corner retail space suitable for various businesses.
      92 North Prt Dr, Alton, IL 62002
      View Details
    • Contact for pricing
      3,630 SF

      Alton Retail Space For Lease

      High-traffic location, two spaces available.
      1750 Homer M Adams Pkwy, Alton, IL 62002
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space in High-Traffic Area

      1,200 SF retail space in a busy retail area.
      2709-2714 Corner Ct, Alton, IL 62002
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      1.5k
    • Avg Time on site
      483 min
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    Alton, IL 62002-5607
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    Realmo Value Estimation

    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.

    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.

    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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