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Property profile & analytics
OFF-MARKET
Estimated value
$3,130,000
Office Spaces
2122 Pontoon Rd, Granite City, IL 62040-4000
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2054150
Property summary
AI-generated overview
This established Granite City, IL office park offers four Class B buildings totaling 14,336 square feet on a 0.91-acre lot. Each of the two-story buildings comprises 3,584 square feet and is separately parceled, presenting a unique value-add opportunity for investors seeking to lease or sell individually. Currently vacant, this turnkey property is zoned C-2 and boasts a prominent pylon sign. Built in 1988, the property is ideally situated near a population exceeding 10,000 residents within a one-mile radius, making it attractive for owner-occupiers and investors alike. The asking price is $125,000. The property's address is 2122, 2126, 2128, and 2132 Pontoon Road, Granite City, IL 62040. The APN numbers are 22-2-20-09-05-101-027, 22-2-20-09-05-101-028, 22-2-20-09-05-101-029, 22-2-20-09-05-101-030, 22-2-20-09-05-101-031, and 22-2-20-09-05-101-032. This presents a rare chance to acquire a versatile and well-located office complex in a thriving area.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Total area
3,584 SF
Lot
0.22 ac (9,500 SF)
APN
22-2-20-09-05-101-027
UPID
US28-2054150
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
$3.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.13M
Owner & transaction history
Fabulous 5 Properties LLC · 2 yrs held
Fabulous 5 Properties LLC
since 2023
Last sale
$2.8M
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 Granite City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Granite City 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
$3,520,000
ML approach
$3,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±10% · vs last sale $2.75M (Oct 11 2023)
Last sale anchor
$2.75M
Oct 11 2023
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
$873 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,641
Tax year 2022
Assessed value
$66,400
Assessed 2022
Previous assessed
$66,400
+0.0% YoY
Effective rate
10.00%
On assessed value
Assessed land
$10,570
Assessed improvement
$55,830
Land market value
$31,742
Improvement market value
$167,658
Total market value
$199,400
Applied tax rate
195.0000
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
Year built
1988
Heating
NONE
Total area
3,584 SF
Lot
0.22 ac (9,500 SF)
APN
22-2-20-09-05-101-027
UPID
US28-2054150
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
Year built
1988
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Fabulous 5 Properties LLC
Entity
Mailing address
4205 RODIN AVE, BELLEVILLE, IL 62226-8917
Ownership since
2023
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
Oct 11, 2023
$2,750,000
Fabulous 5 Properties LLC
Bank Of Missouri
Special Warranty Deed
$6,000,000 · Citizens Community Bank
Jul 11, 2023
—
Bank Of Missouri
Green Trust
Warranty Deed
—
Nov 16, 2006
—
Green James C Trust
Green,james C
Quit Claim Deed
related
$704,119 · Centrue Bank
Dec 28, 2004
—
Green James C Trust
Green,james C
Quit Claim Deed
related
—
—
—
Green,james C Trust
—
Deed Of Trust
related
$675,000 · Bank Of Missouri
—
—
Green,james C Trust
—
Deed Of Trust
related
$675,000 · Bank Of Mo
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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