New search
Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Commercial real estate
220 Evergreen Ln, Glen Carbon, IL 62034-1753
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0554413
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2018
Lot
0.49 ac (21,344 SF)
APN
14-2-15-21-04-406-016
UPID
US28-0554413
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
-
Infinite Vitality Spa & Massage Center Alternative Medicine Practice
-
Infinite Wellness Center - Chiropractic Care - Dr. Ryan Cleland Alternative Medicine Practice
-
Rachel Heft Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Cleland Properties LLC · 3 yrs held
Cleland Properties LLC
since 2022
Last sale
$670,000
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 Glen Carbon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Carbon 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
$745,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $670k (Aug 23 2022)
Last sale anchor
$670k
Aug 23 2022
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
—
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
$15,300
Tax year 2022
Assessed value
$206,820
Assessed 2022
Previous assessed
$206,820
+0.0% YoY
Effective rate
7.40%
On assessed value
Assessed land
$53,980
Assessed improvement
$152,840
Land market value
$162,102
Improvement market value
$458,979
Total market value
$621,081
Applied tax rate
105.0000
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
Off-Market
Year built
2018
Heating
NONE
Lot
0.49 ac (21,344 SF)
APN
14-2-15-21-04-406-016
UPID
US28-0554413
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
2018
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
Cleland Properties LLC
Entity
Mailing address
28 MDW RUE DR, EDWARDSVILLE, IL 62025-3141
Ownership since
2022
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 14, 2023
—
Cleland Properties LLC
—
Deed
related
$118,400 · Bank Of Springfield
Aug 23, 2022
$670,000
Cleland Properties LLC
Magnolia 2016 LLC
Special Warranty Deed
$536,000 · Bank Of Springfield
May 11, 2020
—
Magnolia 2016 LLC
—
Deed
related
$620,000 · Carrollton Bank
Mar 12, 2019
$180,000
Magnolia 2016 LLC
Kbg Properties LLC
Warranty Deed
$544,000 · Citizens Community Bank
Nov 2, 2018
$142,500
Kbg Properties LLC
Sutherland Properties LLC
Warranty Deed
$146,625 · Bank Of Springfield
Aug 18, 2011
$125,000
Southerland Properties LLC
Associated Bank Ns
Warranty Deed
—
Oct 4, 2010
—
Associated Bank NA
Intercounty Judicial Sales Cor
Trustees Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 220 Evergreen Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
