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    252 Grn Mt Rd Shiloh, IL 62221-6754
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    Property profile & analytics

    252 Grn Mt Rd, Shiloh, IL 62221-6754

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    • Commercial land
    • 13.11 lot acres
    Off-Market
    Property ID
    US28-5794483
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 252 Grn Mt Rd

    Lot size
    13.11 lot acres
    Property type
    Commercial land
    APN
    09-18-0-302-001
    APU
    9180302001

    Description

    This exceptional 13.11-acre parcel, zoned for commercial use, presents a remarkable investment opportunity in Belleville, Illinois. Located at 252 N Green Mount Rd, this property boasts a strategic location just 15 minutes from Scott Air Force Base and minutes from Southwestern Illinois College (SWIC). Its versatile zoning allows for a variety of development options, including residential housing, perfectly suited to meet the needs of military families and SWIC students. The land's prime location offers easy access to major transportation routes and amenities, making it an attractive proposition for both residential and commercial ventures. The $6.50 per square foot land value represents a compelling price point for developers seeking a high-return investment. This property offers significant potential for substantial returns, given its proximity to a large military base and a thriving college community. The 62221 zip code ensures easy access to local services and infrastructure. This is a rare opportunity to acquire a sizable, strategically located land parcel with significant development potential in a growing area. The property's size and zoning make it ideal for a variety of projects, from large-scale residential developments to retail spaces catering to the local community. Don't miss this chance to secure a prime piece of Belleville real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shiloh
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9276
    Latitude
    38.5298
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,397
    $16,669
    $0.00
    $16,669
    -
    $50,007
    $0.00
    $50,007

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      51.96 Acres

      Nn Grn Mt Rd

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      0.67 Acres

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      2.90 Acres

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      VACANT COMMERCIAL LAND
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Route 159

      1 to 9 acres of flat, developable land available.
      Il Rte 159 & Biver Ln, Belleville, IL 62221
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      Office/Retail Development Site Available

      17.48 acre development site on North Green Mount Road.
      988 N Green Mount Rd, Shiloh, IL 62221
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      Commercial Land Ready For Development

      Two pad-ready commercial sites at a busy intersection.
      2361 Old Collinsville Rd, Belleville, IL 62221
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      17.48 Acre Development Site

      17.48 acre commercial development site on North Green Mount Road.
      988 North Green Mount Rd, Shiloh, IL 62221
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      High Profile Development Site

      1.92 acre development site with high traffic and utilities.
      847 N Green Mount Rd, Belleville, IL 62221
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    Similar Nearby for Lease

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      Prime Commercial Land For Rent

      Commercial land with high visibility and access, near major establishments.
      860 Carlyle Ave, Belleville, IL 62221
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      2,600 SF

      Retail Space Near Walmart, Lowe's

      Retail spaces available in shopping center anchored by major retailers.
      2525 Grn Mt Cmns Dr, Belleville, IL 62221
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    • Contact for pricing
      5,856 SF

      Retail Space in Belleville, IL

      Retail space available in a busy shopping center.
      654-658 Carlyle Ave, Belleville, IL 62221
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      23,600 SF

      Retail Space For Lease

      Retail spaces available with monument and building signage.
      1620-1680 Lebanon Ave, Belleville, IL 62221
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      1,200 SF

      Retail Space Near Major Retailers

      Retail space in high-traffic location near Belleville East High School.
      651 Carlyle Ave, Belleville, IL 62221
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    • Contact for pricing

      Retail Space in Central Belleville

      Retail space with high visibility near shopping and attractions.
      1838 Central Plaza Dr, Belleville, IL 62221
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    252 Grn Mt Rd
    Shiloh, IL 62221-6754
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    252 Grn Mt Rd, Shiloh, IL, 62221
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