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Property profile & analytics
OFF-MARKET
Commercial land
24 3rd St East Alton, IL 62024
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-3522325
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
1,628 SF
Lot
0.76 ac (33,085 SF)
APN
19-2-08-17-20-401-010
UPID
US28-3522325
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
Eg Plaza LLC · 8 yrs held
Eg Plaza LLC
since 2018
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 East Alton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Alton 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
$921
Tax year 2022
Assessed value
$8,570
Assessed 2022
Previous assessed
$8,570
+0.0% YoY
Effective rate
10.75%
On assessed value
Assessed land
$8,570
Land market value
$25,736
Total market value
$25,736
Applied tax rate
864.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Total area
1,628 SF
Lot
0.76 ac (33,085 SF)
APN
19-2-08-17-20-401-010
UPID
US28-3522325
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
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Eg Plaza LLC
Entity
Mailing address
101 EASTGATE PLZ, EAST ALTON, IL 62024-1076
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jul 14, 2021
—
Eg Plaza LLC
—
Deed
related
$1,400,000 · First Mid Illinois Bk & Tr NA
Dec 26, 2019
—
Eg Plaza LLC
—
Grant Deed
related
$10,060,000 · First Mid Bk&tr NA
May 24, 2019
—
Eg Plaza LLC
—
Grant Deed
related
$2,000,000 · Relco LLC
Dec 18, 2018
—
Eg Plaza LLC
—
Grant Deed
related
$3,850,000 · Town & Cntry Bk
Mar 7, 2018
—
Eg Plaza LLC
Eastgate Plaza LP
Grant Deed
related
$750,000 · Eastgate Plaza LP
Jan 3, 2018
$750,000
Eg Plaza LLC
Eastgate Plaza LP
Trustees Deed
$1,500,000 · Eastgate Plaza LP
—
—
Eg Plaza LLC
—
Deed Of Trust
related
$750,000 · Eastgate Plaza LP
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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