Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22 Lorena Ave Wood River, IL 62095

    • Office properties & Spaces
    • 888 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1942069
    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.

    Current Use by Public Records

    • The Law Offices of Shari L. Murphy, LLC / Law Firm
    • FOID CARD . INFO / Department Store
    • Maag Law Firm LLC / Law Firm

    Property Details for 22 Lorena Ave

    Year built
    1960
    Lot size
    0.19 lot acres
    Property size
    888 SF
    Property type
    Office properties & Spaces
    APN
    19-2-08-28-08-204-014
    APU
    192082808204014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wood River
    County
    Madison
    State
    Illinois
    Longitude
    -90.0989
    Latitude
    38.8616
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,176
    $11,970
    $1,280
    $13,250
    -
    $35,946
    $3,844
    $39,790

    Comparable in this City

    • Value Estimation by Request
      1,950 SF

      16 Lorena Ave

      OFFICE (GENERAL) • 1,950 SF
      16 Lorena Ave, Wood River, IL 62095
      View Details
    • Value Estimation by Request
      1,976 SF

      975 Edwardsville Rd

      OFFICE (GENERAL) • 1,976 SF
      975 Edwardsville Rd, Wood River, IL 62095-1823
      View Details
    • Value Estimation
      $500,000
      3,716 SF

      1075 Harrison St

      OFFICE (GENERAL) • 3,716 SF
      1075 Harrison St, Wood River, IL 62095-1867
      View Details
    • Value Estimation by Request
      1,066 SF

      332 Central Ave

      OFFICE (GENERAL) • 1,066 SF
      332 Central Ave, Wood River, IL 62095-1822
      View Details
    • Value Estimation by Request
      8,042 SF

      843 Edwardsville Rd

      OFFICE (GENERAL) • 8,042 SF
      843 Edwardsville Rd, Wood River, IL 62095
      View Details
    • Value Estimation
      $980,000
      7,236 SF

      329 Madison Ave

      OFFICE (GENERAL) • 7,236 SF
      329 Madison Ave, Wood River, IL 62095
      View Details

    Similar Nearby for Sale

    • $94,900
      2,610 SF

      Wood River Mixed-Use Property

      Mixed-use property with office space and apartment in Wood River.
      855 E Ferguson Ave, Wood River, IL 62095
      View Details
    • $185,000
      2,580 SF

      Retail/Office Space on Corner Lot

      Retail or office space on corner lot with high traffic.
      300 N Wood River Ave, Wood River, IL 62095
      View Details
    • $350,000
      1,563 SF

      Free Standing Building on Corner

      Office space with storage on a 0.6-acre corner lot.
      263 Madison Ave, Wood River, IL 62095
      View Details
    • $399,900
      8,000 SF

      Versatile Office Space in Wood River

      8000 sq ft office space suitable for various businesses.
      203 S 6Th St, Wood River, IL 62095
      View Details
    • $900,000
      Pending

      Wood River Commercial Property For Sale

      Commercial property with office space, parking, and tenant in place.
      250 Citrus Ln, Wood River, IL 62095
      View Details
    • $1,100,000
      19.22 Acres

      Prime Commercial Land Opportunity

      19+ acre commercial property with highway frontage near St. Louis.
      State Rte 143, Wood River, IL 62095
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,835 SF

      Retail Space Near Walmart

      Retail space available in high-traffic Wood River location.
      1907-1921 Vaughn Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      6,847 SF

      Retail Space in High-Visibility Location

      6,847 SF retail space with excellent visibility near St. Louis.
      900 E Edwardsville Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Wood River

      2,800 SF retail space available for lease.
      12-18 Edwardsville Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Wood River

      Retail space for lease in highly-trafficked Wood River Plaza.
      620-636 Wesley Dr, Wood River, IL 62095
      View Details
    • Contact for pricing
      4,538 SF

      Retail Space in Wood River

      Versatile retail space with ample parking and flexible layout.
      843 E Edwardsville Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      8,134 SF

      Edwardsville Road Retail Center

      Wood River, IL retail space available
      891 Edwardsville Rd, Wood River, IL 62095
      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.
    22 Lorena Ave
    Wood River, IL 62095
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!