New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,405,000
Commercial real estate
2246 State Rte 157, Glen Carbon, IL 62034-1717
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1924691
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
25,320 SF
Lot
1.34 ac (58,370 SF)
APN
14-2-15-21-04-406-003
UPID
US28-1924691
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
-
Jonathan W. Burton, DMD Dental Office
-
Holmes Insurance Agency Ltd Insurance Agency
-
RLA CPAs & Business Advisors, LLC Accounting Firm Tax Preparation
-
Melanie Vadnal Dental Office
-
Chad Stewart Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.81M
CAP Approach
CAP
$3.81M
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$4.41M
Owner & transaction history
Eirene Holdings LLC · 3 yrs held
Eirene Holdings LLC
since 2022
Last sale
$4.2M
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
$4,610,000
ML approach
$4,810,000
CAP Approach
CAP Return
Estimation
6%
$4,120,000
6.5%
$3,805,000
7%
$3,530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,620,000
Current use
Blend value · Realmo final
$4.41M
Range $3.96M – $4.85M · ±10% · vs last sale $4.15M (Aug 8 2022)
Last sale anchor
$4.15M
Aug 8 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
$174 / 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
$93,458
Tax year 2022
Assessed value
$1,263,360
Assessed 2022
Previous assessed
$1,263,360
+0.0% YoY
Effective rate
7.40%
On assessed value
Assessed land
$298,570
Assessed improvement
$964,790
Land market value
$896,607
Improvement market value
$2,897,267
Total market value
$3,793,874
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
2003
Heating
NONE
Total area
25,320 SF
Lot
1.34 ac (58,370 SF)
APN
14-2-15-21-04-406-003
UPID
US28-1924691
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
1.34 ac
Current owner
From public records · entity-resolved
Eirene Holdings LLC
Entity
Mailing address
212 SAINT LOUIS ST, EDWARDSVILLE, IL 62025-1906
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
$4,150,000
Eirene Holdings LLC
Meridian One Holdings LLC
Special Warranty Deed
$2,905,000 · Fcb Banks
Feb 10, 2020
—
Meridian One Holdings LLC
—
Deed
related
$120,000 · First Mid Bk&tr NA
Apr 17, 2017
$3,500,000
Meridian One Holdings LLC
Meridian One Partners LLC
Warranty Deed
related
$3,043,000 · First Mid Il Bk&tr
Aug 12, 2016
—
Meridian One Partners LLC
—
Deed
related
$24,094 · First Clover Leaf Bk
—
—
Meridian One Partners LLC
—
Deed Of Trust
related
$3,800,000 · Bank Of Edwardsville
—
—
Meridian One Holdings LLC
—
Loan Modification
related
$120,000 · First Mid Bk&tr NA
—
—
Meridian One Partners LLC
—
Loan Modification
related
—
—
—
Meridian One Partners LLC
—
Loan Modification
related
$24,094 · First Clover Leaf Bk
—
—
Meridian One Partners LLC
—
Deed Of Trust
related
$3,300,000 · Bank Of Edwardsville
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 2246 State Rte 157?
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.
