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Property profile & analytics
FOR LEASE
Office Spaces
307 Henry St, Alton, IL 62002
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-1092111
No photos on file
For Lease
$700/Mo
307 Henry St, Alton, IL 62002
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
30,980 SF
Lot
0.84 ac (36,778 SF)
APN
23-2-07-14-08-204-016
UPID
US28-1092111
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
-
Chiropractic Centre Alternative Medicine Practice
-
Heartland Hearing Centers - Alton Hearing Aid Store Audiologist
-
Studio210 Hair Salon Nail Salon
-
Stephen G. Vincent Physician Medical Clinic
-
Marla Nelson LCPC, Journey to Peace Counseling Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.02M
Owner & transaction history
Robert D Honke · 12 yrs held
Robert D Honke
since 2014
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
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
$33 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$14,918
Tax year 2022
Assessed value
$170,040
Assessed 2022
Previous assessed
$170,040
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$55,400
Assessed improvement
$114,640
Land market value
$166,366
Improvement market value
$344,264
Total market value
$510,630
Applied tax rate
891.0000
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
For Lease
Heating
NONE
Stories
4
Total area
30,980 SF
Lot
0.84 ac (36,778 SF)
APN
23-2-07-14-08-204-016
UPID
US28-1092111
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
Stories
4
Lot
0.84 ac
Current owner
From public records · entity-resolved
Robert D Honke
Individual
Mailing address
307 HENRY ST STE #304, ALTON, IL 62002-6326
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
—
Honke Properties LLC
—
Deed
related
$50,000 · Cnb Bk&tr NA
Mar 25, 2014
—
Robert D Honke
Honke Dennis O Trust
Quit Claim Deed
related
$807,750 · Cnb Bk&tr NA
Mar 25, 2014
$733,500
Robert D Honke
Honke,ryan D & Scott O
Warranty Deed
related
—
Jul 17, 2007
—
Honke Dennis O Trust
Honke Dennis O
Quit Claim Deed
related
—
Oct 26, 2005
—
Dennis O Honke
Honke Dennis O Trust
Quit Claim Deed
related
—
—
—
Honke Properties LLC
—
Deed Of Trust
related
$23,000 · Cnb Bk&tr NA
—
—
Honke Properties LLC
—
Deed Of Trust
related
$50,000 · Cnb Bk&tr NA
—
—
Honke Properties LLC
—
Loan Modification
related
—
—
—
Honke Dennis O Trust
—
Deed Of Trust
related
$19,000 · Cnb Bank & Trust NA
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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