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Property profile & analytics
OFF-MARKET
Office Spaces
2800 Buckmaster Ln, Alton, IL 62002-5220
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-5871550
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Total area
2,612 SF
Lot
0.73 ac (31,799 SF)
APN
23-1-07-01-11-201-010
UPID
US28-5871550
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
-
Buckmaster Tax Service Tax Preparation Social Service Agency
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
Asas Construction LLC · 2 yrs held
Asas Construction LLC
since 2023
Last sale
$126,500
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 Alton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$3,269
Tax year 2022
Assessed value
$37,260
Assessed 2022
Previous assessed
$37,260
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$21,550
Assessed improvement
$15,710
Land market value
$64,715
Improvement market value
$47,177
Total market value
$111,892
Applied tax rate
200.0000
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
1990
Heating
NONE
Buildings
2
Total area
2,612 SF
Lot
0.73 ac (31,799 SF)
APN
23-1-07-01-11-201-010
UPID
US28-5871550
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
Year built
1990
Heating
NONE
Buildings
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Asas Construction LLC
Entity
Mailing address
2806 GRANDVIEW AVE, ALTON, IL 62002-1814
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$126,500
Asas Construction LLC
John Sholar
Warranty Deed
$126,500 · Meredith Elston
Apr 22, 2005
—
Home Depot USA INC
Barry,margorie
Quit Claim Deed
related
—
Apr 22, 2005
$70,000
Home Depot USA INC
Mueller,rita A
Quit Claim Deed
related
—
Apr 22, 2005
$89,500
Home Depot USA INC
Erbe,lewis
Quit Claim Deed
related
—
Apr 22, 2005
$581,538
Home Depot USA INC
Baron,robert F SR
Grant Deed
—
Apr 22, 2005
$184,000
Home Depot USA INC
Baron,norma
Quit Claim Deed
related
—
Apr 22, 2005
$804,311
Home Depot USA INC
Middleton,catherine
Grant Deed
—
Mar 12, 2003
—
John Sholar
Baxmeyer,k R
Grant Deed
$91,931 · Liberty Bank
May 15, 2001
$50,000
K Richard Baxmeyer
Bank Of Edwardsville
Grant Deed
$50,000 · Commercial State Bank
Jan 11, 2001
—
Bank Of Edwardsville
Burnett,ted
Trustees Deed
related
—
—
—
John A Sholar
—
Deed Of Trust
related
$112,500 · Liberty Bank
—
—
John Sholar
—
Deed Of Trust
related
$205,290 · Liberty Bank
—
—
John Sholar
—
Deed Of Trust
related
$50,000 · Sholar Edward R SR Trust (pt)
—
—
John Sholar
—
Deed Of Trust
related
$187,500 · Liberty Bank
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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