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    Property profile & analytics

    21 12Th St Belleville, IL 62220

    • Industrial properties
    • 4,704 SF
    • 0.14 lot acres
    For Sale
    View listing
    $550,000
    Value Estimations
    Cap Rate Potential
    9.6%
    Industrial properties
    Location Intelligence
    Property ID
    US28-2107033
    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

    • Dent Spot / Auto Body Shop

    Property Details for 21 12Th St

    Year built
    2001
    Construction
    CONCRETE BLOCKS
    Lot size
    0.14 lot acres
    Property size
    4,704 SF
    Property type
    Industrial properties
    APN
    08-21-0-326-010
    APU
    8210326010

    Description

    This exceptional Belleville, IL warehouse offers 20,366 square feet of space, perfect for owner-occupiers or investors seeking a strong return. The property features a substantial ground floor of 14,766 square feet and a second-level mezzanine of 5,600 square feet, providing ample room for diverse business needs. Built in 1985, this Class C industrial building includes two 10' x 10' overhead doors, a 10' x 12' loading dock, three-phase power (400 KVA/240-480 volts), floor drains, and is heated. The property sits on a 0.48-acre lot and includes an additional 0.4-acre undeveloped lot, ideal for expansion or additional parking. Zoned D-1, this warehouse presents a compelling investment opportunity with a potential annual gross income of $72,000. Past property taxes were $18,358 and building insurance was $5,000. This property is priced at $550,000, offering a price per square foot of $27.01. The APN is 08-21.0-326-010.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $465,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $272,000
      Market price range: $130k - $273k
      AI Estimate
      $341,000
      Market price range: $140k - $345k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.998
    Latitude
    38.5167
    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
    2023
    $7,482
    $3,980
    $75,729
    $79,709
    -
    $11,940
    $227,187
    $239,127

    Comparable in this City

    • Value Estimation by Request
      5,335 SF

      222 A St

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    • Value Estimation
      $435,000
      7,620 SF

      3400 Illinois St

      INDUSTRIAL (GENERAL) • 7,620 SF
      3400 Illinois St, Belleville, IL 62220-5808
      View Details
    • Value Estimation
      $265,000
      6,810 SF

      5 Premier Dr

      INDUSTRIAL (GENERAL) • 6,810 SF
      5 Premier Dr, Belleville, IL 62220
      View Details
    • Value Estimation
      $265,000
      2,400 SF

      11 8th St

      INDUSTRIAL (GENERAL) • 2,400 SF
      11 8th St, Belleville, IL 62220-1143
      View Details
    • Value Estimation
      $260,000
      4.41 Acres

      1123 B St

      INDUSTRIAL (GENERAL) • 4.41 Acres
      1123 B St, Belleville, IL 62220-4149
      View Details
    • Value Estimation
      $305,000
      7,000 SF

      407 High St

      INDUSTRIAL (GENERAL) • 7,000 SF
      407 High St, Belleville, IL 62220-1214
      View Details

    Similar Nearby for Sale

    • $550,000
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      Belleville Warehouse: $550K

      Spacious warehouse, ideal owner-user. High potential.
      21 12Th St, Belleville, IL 62220
      View Details
    • $95,000
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      Belleville Warehouse: $95,000

      Prime Belleville industrial warehouse, 2,640 sq ft.
      708 Illinois St, Belleville, IL 62220
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    • $650,000
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      Belleville Auto Shop - $650K

      Prime Belleville location, 5,335 SF auto shop.
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    • Contact for pricing
      23,802 SF

      Portfolio on Illinois Route 159

      Portfolio with retail, office, and warehouse spaces on 3.86 acres.
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    • $95,000
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      Light Industrial Building For Sale

      2,640 SF light industrial building with two drive-in doors.
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    • $890,000
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      Belleville Office Building For Sale

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      1520 Mascoutah Ave, Belleville, IL 62220
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,625 SF

      Belleville Flex/Industrial Space Available

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      View Details
    • $7 SF/Yr
      5,000 SF

      Industrial Building with Outdoor Storage

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      View Details
    • $1,160 /Mo
      600 SF

      O'Fallon Office/Retail Space for Lease

      600 SF office/retail space in O'Fallon's downtown district.
      300-302 W State St, O Fallon, IL 62220
      View Details
    • $350,000
      1,959 SF

      Restaurant with Drive-Through and Patio

      1,959 SF restaurant with drive-through, patio, and cooler.
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      View Details
    • $650,000
      8,000 SF

      Downtown Shiloh Commercial Lot

      One-acre commercial lot with approved strip center plan.
      121 S Main St, Shiloh, IL 62220
      View Details
    • Contact for pricing

      Industrial Land Available For Lease

      1.52 acres of light industrial land for lease.
      7 Monroe St, Belleville, IL 62220
      View Details
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    21 12Th St
    Belleville, IL 62220
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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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