Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    211 Pope St Golconda, IL 62938
    Back to Search
    Property profile & analytics

    211 Pope St Golconda, IL 62938

    View on Map
    • Residential income homes
    • 1,184 SF
    Off-Market
    Property ID
    US28-4073508
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 211 Pope St

    Property size
    1,184 SF
    Property type
    Residential income homes

    Description

    This exceptional mixed-use property, located at 211 Pope St in Golconda, Illinois, presents a unique investment opportunity. The 1,184 square foot, 1.5-story home sits on a 6,157 square foot lot and is zoned residential. Completely updated, it boasts new windows, electrical system, plumbing, split unit HVAC systems, and flooring. All appliances are included. Its prime location offers proximity to the Golconda Marina and the Ohio River, making it ideal for recreational enthusiasts. The property's versatility allows for various income streams, including long-term rentals or short-term rentals via platforms like Airbnb or VRBO. The asking price is $135,000, translating to $114.02 per square foot. This turnkey property requires minimal investment and offers immediate potential for rental income or Airbnb operation. The property consists of one building with one unit, making management straightforward and efficient. Its location in Pope County, Illinois, zip code 62938, provides easy access to local amenities and recreational activities. This is a rare opportunity to acquire a fully renovated property with significant income potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Golconda
    County
    Pope
    State
    Illinois
    Longitude
    -88.4864685
    Latitude
    37.3618428

    Comparable in this City

    • $55,750
      4.46 Acres

      Equestrian Land Near Shawnee Forest

      4.46-acre tract steeped in equestrian history near Shawnee National Forest.
      002 Lusk Rd, Golconda, IL 62938
      View Details
    • $872,000
      160.00 Acres

      Productive Farm with Shawnee Forest Access

      160-acre farm with income, hunting, and recreational opportunities.
      000 Jones Orchard Rd, Golconda, IL 62938
      View Details
    • $845,500
      190.00 Acres

      190-Acre Farm with CRP Income

      Versatile farm with hunting, income potential, and convenient access.
      190 Ac Climer Rd, Golconda, IL 62938
      View Details
    • $645,250
      145.00 Acres

      Pope County Hunting and Recreation Land

      145 acre property ideal for hunting and recreation.
      145 Ac +/- Climer Rd, Golconda, IL 62938
      View Details
    • $59,500
      7.00 Acres

      Land Near Golconda and Ohio River

      7 acres of vacant land near Golconda, Illinois.
      00 Coonhunters Rd, Golconda, IL 62938
      View Details
    • $200,250
      45.00 Acres

      45 Acres Vacant Land, Illinois

      45-acre property near Golconda, Illinois, ideal for farming or building.
      45 Ac +/- Bay, Golconda, IL 62938
      View Details

    Similar Nearby for Sale

    • $55,750
      4.46 Acres

      Equestrian Land Near Shawnee Forest

      4.46-acre tract steeped in equestrian history near Shawnee National Forest.
      002 Lusk Rd, Golconda, IL 62938
      View Details
    • $872,000
      160.00 Acres

      Productive Farm with Shawnee Forest Access

      160-acre farm with income, hunting, and recreational opportunities.
      000 Jones Orchard Rd, Golconda, IL 62938
      View Details
    • $845,500
      190.00 Acres

      190-Acre Farm with CRP Income

      Versatile farm with hunting, income potential, and convenient access.
      190 Ac Climer Rd, Golconda, IL 62938
      View Details
    • $645,250
      145.00 Acres

      Pope County Hunting and Recreation Land

      145 acre property ideal for hunting and recreation.
      145 Ac +/- Climer Rd, Golconda, IL 62938
      View Details
    • $59,500
      7.00 Acres

      Land Near Golconda and Ohio River

      7 acres of vacant land near Golconda, Illinois.
      00 Coonhunters Rd, Golconda, IL 62938
      View Details
    • $200,250
      45.00 Acres

      45 Acres Vacant Land, Illinois

      45-acre property near Golconda, Illinois, ideal for farming or building.
      45 Ac +/- Bay, Golconda, IL 62938
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    211 Pope St
    Golconda, IL 62938
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    211 Pope St, Golconda, IL, 62938
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!