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Property profile & analytics
OFF-MARKET
Office Spaces
2020 Central Ave, Alton, IL 62002-4544
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-0986355
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
908 SF
Lot
0.26 ac (11,326 SF)
APN
23-2-07-12-05-103-027
UPID
US28-0986355
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Unwired LLC · 8 yrs held
Unwired LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Alton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,424
Tax year 2022
Assessed value
$27,630
Assessed 2022
Previous assessed
$27,630
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$5,260
Assessed improvement
$22,370
Land market value
$15,796
Improvement market value
$67,177
Total market value
$82,973
Applied tax rate
200.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
908 SF
Lot
0.26 ac (11,326 SF)
APN
23-2-07-12-05-103-027
UPID
US28-0986355
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Unwired LLC
Entity
Mailing address
10314 LINCOLN TRL STE #100, FAIRVIEW HEIGHTS, IL 62208-1801
Ownership since
2018
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
Nov 24, 2021
—
Unwired LLC
—
Deed
related
$1,856,900 · Us Small Business Admn
Mar 20, 2018
$97,000
Unwired LLC
Edward Khalil Osman
Deed
$90,000 · Providence Bank
Feb 13, 2018
—
Mary K Osman
Osman,mary K
Quit Claim Deed
related
—
Mar 28, 2016
—
Edward K Osman
Beard,mary K
Quit Claim Deed
related
—
Apr 5, 2004
$8,000
Wesley Mcelroy
Forrest,willard
Quit Claim Deed
related
—
Aug 13, 1996
$1,000
Wesley Mcelroy
Rich,eldon
Quit Claim Deed
related
—
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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