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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Industrial properties
2100 Martin Luther King Dr, East Saint Louis, IL 62205-1747
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2771008
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1954
Construction
BRICK
Total area
14,080 SF
Lot
0.73 ac (31,799 SF)
APN
02-19-0-220-064
UPID
US28-2771008
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
-
Salt Industries Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$840k
Owner & transaction history
Larry Sinn · 8 yrs held
Larry Sinn
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+65.4%
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 East Saint Louis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Saint Louis 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$660,000
Current use
COMMERCIAL (GENERAL)
$1,095,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
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
$60 / 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
$10,034
Tax year 2023
Assessed value
$72,935
Assessed 2023
Previous assessed
$72,935
+0.0% YoY
Effective rate
13.76%
On assessed value
Assessed land
$5,287
Assessed improvement
$67,648
Land market value
$15,861
Improvement market value
$202,944
Total market value
$218,805
Applied tax rate
1,001.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1954
Construction
BRICK
Heating
NONE
Buildings
3
Total area
14,080 SF
Lot
0.73 ac (31,799 SF)
APN
02-19-0-220-064
UPID
US28-2771008
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
INDUSTRIAL (GENERAL) Current
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
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
1954
Construction
BRICK
Heating
NONE
Buildings
3
Lot
0.73 ac
Current owner
From public records · entity-resolved
Larry Sinn
Individual
Free & Clear · 8 yrs held
Mailing address
2049 HIDDEN LKS DR, SWANSEA, IL 62226-1201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2017
$120,000
Larry Sinn
Middendorf,allan N
Quit Claim Deed
related
—
Oct 25, 2016
$185,000
Allan N Middendorf
A-1 Salt Properties LLC
Warranty Deed
—
Oct 25, 2016
$120,000
A-1 Salt Properties LLC
Maxwell LLC
Warranty Deed
—
Dec 11, 2012
—
Maxwell LLC
Sinn,larry
Grant Deed
related
—
Mar 16, 2000
$52,000
Larry E Sinn
Bank Of Edwardsville
Grant Deed
—
Nov 30, 1999
—
Bank Of Edwardsville
Judge Twentieth Judicial Court
Grant Deed
related
—
Dec 31, 1996
$85,000
Levy Sign & Lighting Co INC
Wawm INC
Grant Deed
$370,000 · Record Owner
—
—
Levy Sign & Lighting Co INC
—
Deed Of Trust
related
$100,000 · Bank Of Edwardsville
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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