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Property profile & analytics
OFF-MARKET
Drive through restaurants
218 Lincoln Hwy, Fairview Heights, IL 62208-2106
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-3157983
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,528 SF
Lot
0.84 ac (36,590 SF)
APN
03-27-0-302-015
UPID
US28-3157983
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
R2r3 LLC · 1 yrs held
R2r3 LLC
since 2025
Last sale
$350,000
7 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 Fairview Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview Heights 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 2019Property tax & assessments
Tax year 2019
Tax billed
$14,645
Tax year 2019
Assessed value
$211,760
Assessed 2022
Previous assessed
$200,987
+5.4% YoY
Effective rate
6.92%
On assessed value
Assessed land
$88,648
Assessed improvement
$123,112
Land market value
$265,944
Improvement market value
$369,336
Total market value
$635,280
Applied tax rate
8,042.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Buildings
2
Total area
2,528 SF
Lot
0.84 ac (36,590 SF)
APN
03-27-0-302-015
UPID
US28-3157983
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
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Buildings
2
Lot
0.84 ac
Current owner
From public records · entity-resolved
R2r3 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
103 N COOPER ST #303, BABYLON, NY 11702-2368
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
R2r3 LLC
—
Deed
related
$2,296,000 · Tuscola National Bank
Mar 26, 2025
$350,000
R2r3 LLC
Rhodes Development Company LLC
Special Warranty Deed
—
Jun 17, 2024
$325,000
Rhodes Development Company LLC
Arc Cafeusa001 LLC
Special Warranty Deed
—
Jul 30, 2013
$873,500
Arc Cafeusa001 LLC
Ge Capital Franchise Finance C
Grant Deed
—
Jan 4, 2008
$688,000
Ge Capital Franchise Fin Corp
Treasure Isles INC
Warranty Deed
related
—
Sep 23, 1996
—
Treasures Isles INC
—
Deed Of Trust
related
$5,210,493 · Bank One Lexington NA
—
—
Treasure Isles INC
—
Deed Of Trust
related
$370,000 · Ge Capital Franchise Finance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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