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Property profile & analytics
OFF-MARKET
Commercial real estate
22nd Kettle Riv Drb, Glen Carbon, IL 62034-2803
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-2285734
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
2,720 SF
Lot
0.66 ac (28,750 SF)
APN
14-2-15-23-03-301-008
UPID
US28-2285734
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
22b LLC · 3 yrs held
22b LLC
since 2023
Last sale
$295,000
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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,775
Tax year 2022
Assessed value
$118,620
Assessed 2022
Previous assessed
$118,620
+0.0% YoY
Effective rate
7.40%
On assessed value
Assessed land
$36,170
Assessed improvement
$82,450
Land market value
$108,619
Improvement market value
$247,598
Total market value
$356,217
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
2001
Heating
NONE
Total area
2,720 SF
Lot
0.66 ac (28,750 SF)
APN
14-2-15-23-03-301-008
UPID
US28-2285734
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
2001
Heating
NONE
Lot
0.66 ac
Current owner
From public records · entity-resolved
22b LLC
Entity
Mailing address
130 FRST GRV DR, GLEN CARBON, IL 62034-1361
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
$295,000
22b LLC
Grand River Jackpot LLC
Special Warranty Deed
$236,000 · Fcb Banks
Apr 18, 2023
—
Red Hill Church INC
Fhp Group LLC
Warranty Deed
$1,000,000 · Baptist Foundation Of Illinois
Sep 23, 2022
$595,000
Fhp Group LLC
Dennis J Petroff
Warranty Deed
$464,000 · Town & Country Bank
Aug 13, 2014
$330,000
Grand River Jackpot LLC
Richard A Ligman
Deed
$25,000,000 · Wells Fargo Bank NA
Jul 12, 2001
—
Ligman Trust
—
Trustees Deed
related
$168,000 · Bank Of Edwardsville
Jan 31, 2000
$55,000
Richard A Ligman
Helms,joseph B
Grant Deed
$54,000 · Bank Of Edwardsville
—
—
Dennis J Petroff
—
Deed Of Trust
related
$80,000 · Bank Of Edwardsville
—
—
Ligman,richard A Tr
—
Deed Of Trust
related
$160,000 · Fcb Collinsville Bank
—
—
Grand River Jackpot LLC
—
Loan Modification
related
$25,000,000 · Wells Fargo Bk
—
—
Ligman Richard A Trust
—
Deed Of Trust
related
$127,676 · First Collinsville Bank
—
—
Grand River Jackpot LLC
—
Loan Modification
related
$31,000,000 · Abc Fndg
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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