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    2600 Fosterburg Rd Alton, IL 62002
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    2600 Fosterburg Rd Alton, IL 62002

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    • Distribution centers
    Off-Market
    Property ID
    US28-1634144
    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

    • Distribution centers

    Property Details for 2600 Fosterburg Rd

    Property type
    Distribution centers

    Description

    This exceptional 21.6-acre industrial property, located at 2600 Fosterburg Road in Alton, Illinois (zip code 62002), presents a compelling investment opportunity. Priced at $438,000 ($20,000 per acre), this expansive lot offers significant potential for various uses. Conveniently situated approximately one mile south of I-255 and north of Illinois Route 140, it provides easy access to major transportation arteries. Commuters will appreciate the proximity to Interstate 270 (20 minutes) and St. Louis (30 minutes). The property boasts the advantage of readily available public utilities. Furthermore, its zoning offers flexibility, allowing for potential rezoning to commercial or multifamily uses, subject to local approvals. A completed Phase 1 environmental assessment confirms a clean environmental record. The location benefits from the security and services provided by the City of Alton's fire and police departments. This large parcel presents a rare chance to acquire a strategically located industrial land holding with significant development potential in a growing area. The lot size is 940,896 square feet.

    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
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.125215
    Latitude
    38.9158959

    Comparable in this City

    • $400,000
      3.36 Acres

      Alton Land with Buildings

      3.46 acres near I-255 with buildings and utilities.
      2920 Fosterburg Rd, Alton, IL 62002
      View Details
    • $245,000
      1.43 Acres

      Alton Warehouse with Gated Lot

      Commercial/industrial building ideal for storage, showroom, manufacturing, and more.
      3015 Belle St, Alton, IL 62002
      View Details
    • $550,000

      Retail, Warehouse, and Garage Space

      Commercial property featuring retail, warehouse, and garage spaces for sale.
      1856 E Broadway, Alton, IL 62002
      View Details
    • $525,000
      16,128 SF

      Alton Warehouse/Retail/Industrial Space

      16,128 SF multi-use building in HUBZone.
      2726 E Broadway, Alton, IL 62002
      View Details
    • $550,000
      7,126 SF

      Retail, Warehouse, and Restaurant Space

      Commercial property featuring retail, warehouse, and restaurant spaces for sale.
      1856 E Broadway, Alton, IL 62002
      View Details
    • $799,000
      4,037 SF

      Alton Commercial Property on Broadway

      Two buildings in Alton's Tiff District ready for redevelopment.
      528 E Broadway, Alton, IL 62002
      View Details

    Similar Nearby for Sale

    • $400,000
      3.36 Acres

      Alton Land with Buildings

      3.46 acres near I-255 with buildings and utilities.
      2920 Fosterburg Rd, Alton, IL 62002
      View Details
    • $245,000
      1.43 Acres

      Alton Warehouse with Gated Lot

      Commercial/industrial building ideal for storage, showroom, manufacturing, and more.
      3015 Belle St, Alton, IL 62002
      View Details
    • $550,000

      Retail, Warehouse, and Garage Space

      Commercial property featuring retail, warehouse, and garage spaces for sale.
      1856 E Broadway, Alton, IL 62002
      View Details
    • $525,000
      16,128 SF

      Alton Warehouse/Retail/Industrial Space

      16,128 SF multi-use building in HUBZone.
      2726 E Broadway, Alton, IL 62002
      View Details
    • $550,000
      7,126 SF

      Retail, Warehouse, and Restaurant Space

      Commercial property featuring retail, warehouse, and restaurant spaces for sale.
      1856 E Broadway, Alton, IL 62002
      View Details
    • $799,000
      4,037 SF

      Alton Commercial Property on Broadway

      Two buildings in Alton's Tiff District ready for redevelopment.
      528 E Broadway, Alton, IL 62002
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      133,154 SF

      Versatile Industrial Space in Godfrey

      Industrial property with office and shop space for lease.
      4436 Industrial Dr, Godfrey, IL 62002
      View Details
    • $2,948 /Mo

      Commercial Land Ready For Development

      Commercial land suitable for various development projects, high-traffic location.
      3412 Fosterburg Rd, Alton, IL 62002
      View Details
    • Contact for pricing

      Alton Commercial Land For Rent

      Commercial land available for rent in Alton, Illinois.
      2600 Homer Adams Pkwy, Alton, IL 62002
      View Details
    • Contact for pricing

      Riverfront Land for Lease

      29,621 SF riverfront land with 775' waterfront access.
      700 W Broadway, Alton, IL 62002
      View Details
    • $700 /Mo
      30,980 SF

      Alton Office Space for Lease

      Office space available in full-service building with parking.
      307 Henry St, Alton, IL 62002
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in High-Traffic Area

      1,200 SF retail space in a busy retail area.
      2709-2714 Corner Ct, Alton, IL 62002
      View Details
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    Alton, IL 62002
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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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    2600 Fosterburg Rd, Alton, IL, 62002
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