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    1915 Carlyle Ave Belleville, IL 62221
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    1915 Carlyle Ave Belleville, IL 62221

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    • Commercial land
    For Sale
    $766,656
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    Commercial Land For Sale For Sale
    $766,656
    2.20 Acres

    Commercial Land For Sale

    Approximately 2.2 acres of commercial land available for sale.

    1915 Carlyle Ave, Belleville, IL 62221
    View Listing
    Property ID
    US28-3511188
    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

    • Athletico Physical Therapy - Belleville / Physician
    • Verizon / Electronics & Wireless Store
    • Mystic Vapes / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Amanda Henrichs / Physician
    • Autumn Barnett / Physician

    Property Details for 1915 Carlyle Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    • Approx. 2.2 acres, Can Divide • New Retail Center on Outlot • Zoned Commercial (C-2) • Underground Detention • Utilities to Site • Pad Ready Site • Sale Price: $8.00 PSF

    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
    -89.9298081
    Latitude
    38.5199852

    Comparable in this City

    • Contact for pricing

      Land For Sale Route 159

      1 to 9 acres of flat, developable land available.
      Il Rte 159 & Biver Ln, Belleville, IL 62221
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      Commercial Land Ready For Development

      Two pad-ready commercial sites at a busy intersection.
      2361 Old Collinsville Rd, Belleville, IL 62221
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      Commercial Land on Corner Lot

      Corner lot with utilities and high traffic for commercial development.
      Cor Of Il Rte 15 & Jefferson Rd, Belleville, IL 62221
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      Commercial Land on Corner Lot

      Corner commercial land available for development with high traffic.
      Jefferson Rd, Belleville, IL 62221
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      Commercial Land on Corner Lot

      Corner commercial land for sale with high traffic volume.
      15 And Jefferson Rd, Belleville, IL 62221
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      3.48 Acre Commercial Land

      Commercial land near Scott Air Force Base and retail corridor.
      605 N Green Mount Rd, Shiloh, IL 62221
      View Details

    Similar Nearby for Sale

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      2.83 Acre Development Site

      2.83-acre development site with frontage on North Green Mount Road.
      964 North Green Mount Rd, Shiloh, IL 62221
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    • Contact for pricing

      Commercial Development Land For Sale

      Commercial development land with high traffic and utility access.
      589 N Green Mount Rd, Belleville, IL 62221
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      O'Fallon Corner Development Opportunity

      3.85 acre corner lot near residential, school, and highways.
      506 Old Collinsville Rd, O Fallon, IL 62221
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    • $250,369

      Commercial Land in Master Planned Community

      Commercial land available in a master-planned community in Shiloh, IL.
      N Green Mount Rd, Belleville, IL 62221
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      Commercial Lots on Carlyle Avenue

      Lots available near shopping, college, and high school.
      1602 Carlyle Ave, Belleville, IL 62221
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      Commercial Land Near Scott AFB

      3.07 to 6.55 acres of commercial development land.
      589 N Green Mount Rd, Shiloh, IL 62221
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    Similar Nearby for Lease

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      Three Acres Developable Land

      Three acres of developable land in Shiloh, Illinois.
      151 Wingate Blvd, Shiloh, IL 62221
      View Details
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      Prime Commercial Land For Rent

      Commercial land with high visibility and access, near major establishments.
      860 Carlyle Ave, Belleville, IL 62221
      View Details
    • Contact for pricing

      Office Space For Lease

      800 SF office space with private offices and reception.
      2626 West Blvd, Belleville, IL 62221
      View Details
    • Contact for pricing
      23,600 SF

      Retail Space For Lease

      Retail spaces available with monument and building signage.
      1620-1680 Lebanon Ave, Belleville, IL 62221
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
      20-76 Carlyle Plaza Dr, Belleville, IL 62221
      View Details
    View Listing
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    1915 Carlyle Ave
    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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    1915 Carlyle Ave, Belleville, IL, 62221
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