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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office Spaces
23 Jct Dr Glen Carbon, IL 62034-4300
Entity Owned
18-yr Hold
Free & Clear
Property ID
US28-1748537
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Total area
5,412 SF
Lot
0.85 ac (36,878 SF)
APN
14-2-15-23-04-402-013
UPID
US28-1748537
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
-
Hollywood Sun Studio Tanning Salon
-
Pottery Hollow Painting & More (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$665k
Owner & transaction history
Sun Ctrs LLC - Series B Of Glen C · 18 yrs held
Sun Ctrs LLC - Series B Of Glen C
since 2007
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$990,000
Current use
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
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
$123 / 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
$18,025
Tax year 2022
Assessed value
$243,660
Assessed 2022
Previous assessed
$243,660
+0.0% YoY
Effective rate
7.40%
On assessed value
Assessed land
$118,280
Assessed improvement
$125,380
Land market value
$355,195
Improvement market value
$376,517
Total market value
$731,712
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2003
Heating
NONE
Total area
5,412 SF
Lot
0.85 ac (36,878 SF)
APN
14-2-15-23-04-402-013
UPID
US28-1748537
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
$990,000
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
0.85 ac
Current owner
From public records · entity-resolved
Sun Ctrs LLC - Series B Of Glen C
Entity
Free & Clear · 18 yrs held
Mailing address
113 HUNTWOOD CT, SWANSEA, IL 62226-1097
Ownership since
2007
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
Aug 28, 2007
—
Sun Ctrs LLC - Series B Of Glen C
Ravi,gunna & Shanthi
Quit Claim Deed
related
—
Jul 17, 2007
$962,000
Gunna D Ravi
Gardner,steve
Warranty Deed
$962,000 · Regions Bank
Jul 17, 2007
—
Patrick Parker
4850 Longhorn LLC
Quit Claim Deed
related
—
Dec 28, 2004
—
Steve Gardner
Gsp Ents INC
Warranty Deed
$110,000 · State Bank
—
—
Sun Ctrs LLC-series B Of Glen Car
—
Deed Of Trust
related
$2,440,000 · Bank Of Springfield
—
—
Sun Ctrs LLC-seriesb Of Glen Carb
—
Deed Of Trust
related
$2,440,000 · Bank Of Springfield
—
—
Sun Centers LLC Series B Glen
—
Deed Of Trust
related
$1,802,750 · 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.
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