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Property profile & analytics
OFF-MARKET
Commercial real estate
2050 Wagner St, Vandalia, IL 62471-4000
Entity Owned
Free & Clear
Property ID
US28-4934413
Property summary
AI-generated overview
This 7,500-square-foot light industrial warehouse, situated on a 4.2-acre lot in Vandalia, Illinois, presents a compelling investment opportunity. Built in 2007, the property boasts a 14-foot ceiling height and a clear span design, maximizing usable space. The warehouse features a 12' x 14' drive-in door, enhancing accessibility for loading and unloading. Essential infrastructure includes a trench drain and oil separator. The property benefits from ample parking with 20 spaces available. The building is equipped with LED lighting and a 240 AMP, 3-phase, 440-volt electrical service. The concrete floor is 6 inches thick. The property is zoned for light industrial use and enjoys a convenient location off Highway 51, just 2.5 miles from I-70, Exit 63. This strategic position offers easy access to major transportation routes, placing it within 70 miles of St. Louis, Missouri
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
4.2 ac (182,952 SF)
APN
18-14-04-351-012
UPID
US28-4934413
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
R M JOHNSON ENTERPRISES LLC
R M JOHNSON ENTERPRISES LLC
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 Vandalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vandalia 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,764
Tax year 2023
Assessed value
$32,844
Assessed 2023
Previous assessed
$29,590
+11.0% YoY
Effective rate
8.42%
On assessed value
Assessed land
$5,312
Assessed improvement
$27,532
Land market value
$15,936
Improvement market value
$82,596
Total market value
$98,532
Applied tax rate
18,013.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Lot
4.2 ac (182,952 SF)
APN
18-14-04-351-012
UPID
US28-4934413
Jurisdiction
FAYETTE
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
Lot
4.2 ac
Current owner
From public records · entity-resolved
R M JOHNSON ENTERPRISES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2050 WAGNER ST, VANDALIA, IL 62471-4000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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