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Property profile & analytics
FOR LEASE
Commercial real estate
219 E Center Dr, Alton, IL 62002
Entity Owned
Free & Clear
Property ID
US28-1706783
No photos on file
For Lease
$13 SF/Yr
219 E Center Dr, Alton, IL 62002
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Total area
11,968 SF
Lot
0.54 ac (23,348 SF)
APN
23-2-01-36-17-301-009
UPID
US28-1706783
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
-
Riverbend Dental Dental Office
-
Kuhn Monica Dental Office
-
Merideth Doris Dental Office
-
Dr. James H. Kiehne, DDS Dental Office
-
Hanish Eye Institute Eye Care Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$2.22M
Owner & transaction history
Alimi Real Estate LLC
Alimi Real Estate LLC
since 2025
Last sale
$2.4M
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 Alton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alton 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
$2,775,000
ML approach
$2,800,000
CAP Approach
CAP Return
Estimation
6%
$1,950,000
6.5%
$1,800,000
7%
$1,670,000
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10% · vs last sale $2.39M (May 5 2025)
Last sale anchor
$2.39M
May 5 2025
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
$185 / 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
$33,847
Tax year 2022
Assessed value
$385,800
Assessed 2022
Previous assessed
$385,800
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$41,170
Assessed improvement
$344,630
Land market value
$123,634
Improvement market value
$1,034,925
Total market value
$1,158,559
Applied tax rate
200.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1998
Heating
NONE
Buildings
2
Total area
11,968 SF
Lot
0.54 ac (23,348 SF)
APN
23-2-01-36-17-301-009
UPID
US28-1706783
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
1998
Heating
NONE
Buildings
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Alimi Real Estate LLC
Entity
Free & Clear · 0 yrs held
Mailing address
604 SAVANNAH VW WAY, CHESTERFIELD, MO 63017-0600
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$2,385,000
Alimi Real Estate LLC
Sun Nation Illinois LLC
Special Warranty Deed
—
Oct 10, 2023
—
Sun Nation Illinois LLC
—
Deed
related
$100,000 · Fcb Banks
May 20, 2022
$2,500,000
Sun Nation Illinois LLC
H Adams Development Co
Warranty Deed
$2,000,000 · Fcb Banks
Dec 19, 2016
—
H Adams Dev Co
—
Deed
related
$1,662,083 · Carrollton Bk
—
—
H Adams Development Co
—
Deed Of Trust
related
$588,000 · Liberty Bank For Savings
—
—
H Adams Development Co
—
Deed Of Trust
related
$595,000 · Carrollton Bank
—
—
H Adams Dev Co
—
Loan Modification
related
$500,000 · Carrollton Bk
—
—
H Adams Dev Co
—
Loan Modification
related
$1,662,083 · Carrollton Bk
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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