Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Industrial properties
2346 Mascoutah Ave Belleville, IL 62220-3499
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1776273
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
FRAME
Total area
61,340 SF
Lot
16.33 ac (711,335 SF)
APN
08-25-0-103-001
UPID
US28-1776273
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
-
Metro East Sportsplex Gym & Fitness Center Sports Field & Court
-
Hoyle's Kung Fu, Fitness, & Tai Chi Training Center Sports School
-
salon essence Hair Salon Nail Salon
-
Realtor SEO Pros Advertising Agency Marketing & Advertising
-
Liggity Brands (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.40M
Owner & transaction history
Prec Sportsplex LLC · 2 yrs held
Prec Sportsplex LLC
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+74.7%
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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,810,000
Current use
COMMERCIAL (GENERAL)
$4,905,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (May 31 2024)
Last sale anchor
$3.40M
May 31 2024
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
$55 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$85,670
Tax year 2023
Assessed value
$810,423
Assessed 2023
Previous assessed
$810,423
+0.0% YoY
Effective rate
10.57%
On assessed value
Assessed land
$111,445
Assessed improvement
$698,978
Land market value
$334,335
Improvement market value
$2,096,934
Total market value
$2,431,269
Applied tax rate
2,003.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
NONE
Buildings
2
Total area
61,340 SF
Lot
16.33 ac (711,335 SF)
APN
08-25-0-103-001
UPID
US28-1776273
Jurisdiction
ST CLAIR
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1997
Construction
FRAME
Heating
NONE
Buildings
2
Lot
16.33 ac
Current owner
From public records · entity-resolved
Prec Sportsplex LLC
Entity
Mailing address
2346 MASCOUTAH AVE, BELLEVILLE, IL 62220-3499
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
Prec Sportsplex LLC
—
Deed
related
$2,215,500 · Bank Of Belleville
Mar 19, 2025
—
Prec Sportsplex LLC
—
Deed
related
$3,165,000 · Bank Of Belleville
May 31, 2024
$3,400,000
Prec Sportsplex LLC
Family Sportsplex INC
Special Warranty Deed
$190,000 · Bank Of Belleville
—
—
Family Sportsplex INC
—
Deed Of Trust
related
$1,850,000 · First Nat'l Bk/dieterich
—
—
Family Sportsplex INC
—
Deed Of Trust
related
$2,204,345 · First National Bank Waterloo
—
—
Family Sportsplex INC
—
Loan Modification
related
$1,654,738 · Dieterich Bk NA
—
—
Family Sportsplex INC
—
Deed Of Trust
related
$740,000 · First National Bank Waterloo
—
—
Family Sportsplex INC
—
Deed Of Trust
related
$91,412 · First National Bank Waterloo
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 2346 Mascoutah Ave?
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.
