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Property profile & analytics
OFF-MARKET
Estimated value
$5,270,000
Hotels
327 Fountains Pkwy, Fairview Heights, IL 62208-2044
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1989152
Property summary
AI-generated overview
This exceptional turnkey hotel and conference center in Fairview Heights, Illinois, presents a lucrative investment opportunity. Boasting 119 guest rooms, the property encompasses 84,350 square feet across two, four-story buildings situated on a 5.57-acre lot (APN: 03-22.0-306-006
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2002
Total area
64,752 SF
Lot
5.57 ac (242,629 SF)
APN
03-22-0-306-006
UPID
US28-1989152
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
$6.04M
Comparable Approach
Comparable
$4.50M
Blend (final)
Blend
$5.27M
Owner & transaction history
Cloud 9 Hospitality LLC · 7 yrs held
Cloud 9 Hospitality LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.6M
+35.3%
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 Fairview Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview Heights 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%
$6,535,000
6.5%
$6,035,000
7%
$5,600,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,130,000
Current use
COMMERCIAL (GENERAL)
$5,590,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$5.27M
Range $4.74M – $5.80M · ±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
$81 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$140,249
Tax year 2023
Assessed value
$2,073,714
Assessed 2023
Previous assessed
$2,073,714
+0.0% YoY
Effective rate
6.76%
On assessed value
Assessed land
$402,970
Assessed improvement
$1,670,744
Land market value
$1,208,910
Improvement market value
$5,012,232
Total market value
$6,221,142
Applied tax rate
8,042.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2002
Heating
NONE
Total area
64,752 SF
Lot
5.57 ac (242,629 SF)
APN
03-22-0-306-006
UPID
US28-1989152
Jurisdiction
ST CLAIR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$5.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Lot
5.57 ac
Current owner
From public records · entity-resolved
Cloud 9 Hospitality LLC
Entity
Mailing address
319 FOUNTAINS PKWY, FAIRVIEW HEIGHTS, IL 62208-2044
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
Cloud 9 Hospitality LLC
—
Deed
related
$5,100,000 · Grinnell State Bank
Jun 3, 2020
—
Cloud 9 Hospitality LLC
—
Deed
related
$200,000 · Dieterich Bk NA
Dec 13, 2018
$5,500,000
Cloud 9 Hospitality LLC
Fountains At Fairview LLC
Warranty Deed
$7,600,000 · Dieterich Bk NA
—
—
Cloud 9 Hospitality LLC
—
Deed Of Trust
related
$200,000 · Dieterich Bk NA
—
—
Fountains Of Fairview LLC
—
Deed Of Trust
related
$4,440,000 · First Nat'l Bk/dieterich
—
—
Fountains At Fairview LLC
—
Deed Of Trust
related
$6,500,000 · Associated Bank Illinois 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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