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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Banks
200 Lincoln Ave, O Fallon, IL 62269-2138
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2777433
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1960
Total area
8,472 SF
Lot
1.12 ac (48,787 SF)
APN
04-29-0-308-020
UPID
US28-2777433
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Karla Smith Behavioral Health Crisis Center Medical Clinic
-
First Bank ITM Atm
-
O'Fallon City Office City Government Office
-
Katie Mckelvy-Gibbons Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$810k
Owner & transaction history
Alwa Properties LLC · 1 yrs held
Alwa Properties LLC
since 2025
Last sale
$786,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+70.9%
Commercial (general)
$735,000
+13.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs O Fallon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs O Fallon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$840,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$650,000
Current use
RESTAURANT
$1,105,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $786k (Feb 25 2025)
Last sale anchor
$786k
Feb 25 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,138
Tax year 2023
Assessed value
$239,392
Assessed 2023
Previous assessed
$239,392
+0.0% YoY
Effective rate
7.58%
On assessed value
Assessed land
$30,669
Assessed improvement
$208,723
Land market value
$92,007
Improvement market value
$626,169
Total market value
$718,176
Applied tax rate
6,026.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1960
Heating
NONE
Total area
8,472 SF
Lot
1.12 ac (48,787 SF)
APN
04-29-0-308-020
UPID
US28-2777433
Jurisdiction
ST CLAIR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$650,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$735,000
FINANCIAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Alwa Properties LLC
Entity
Mailing address
213 WOODLAND CT, O FALLON, IL 62269-3500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
$786,000
Alwa Properties LLC
Rlh Re Holdings LLC
Special Warranty Deed
$628,800 · Carrollton Bank
Mar 7, 2023
$650,000
Rlh Re Holdings LLC
Southern Illinois Health Care Fndn
Special Warranty Deed
—
Jan 22, 2021
—
Southern Illinois Health Care
—
Deed
related
$400,000 · Busey Bk
Dec 26, 2017
—
Southern Illinois Health Care
City Of O Fallon
Warranty Deed
related
$400,000 · Bank Of Edwardsville
Aug 21, 2007
—
City Of Ofallon
First Bank
Grant Deed
related
—
—
—
Southern Illinois Health Care
—
Loan Modification
related
$400,000 · Busey Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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