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Property profile & analytics
FOR SALE
Office Spaces
3505 College Ave Alton, IL 62002
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US28-3326769
For Sale
1 / 4
$675,000
3505 College Ave, Alton, IL 62002
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Total area
3,600 SF
Lot
0.57 ac (24,829 SF)
APN
23-1-08-08-09-101-052-001
UPID
US28-3326769
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
-
Next Step Foot and Ankle Centers: Krista Nelson DPM Physician
-
Next Step Foot & Ankle Centers Physician
-
Jacob Lamb Physician
-
WALK HEALTHY TOPICAL TREATMENTS Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$520k
Owner & transaction history
12 In Docs INC · 21 yrs held
12 In Docs INC
since 2005
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
$375,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$144 / 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
$16,076
Tax year 2022
Assessed value
$183,240
Assessed 2022
Previous assessed
$183,240
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$41,160
Assessed improvement
$142,080
Land market value
$123,604
Improvement market value
$426,667
Total market value
$550,271
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
For Sale
Year built
2000
Heating
NONE
Cooling
YES
Stories
1
Total area
3,600 SF
Lot
0.57 ac (24,829 SF)
APN
23-1-08-08-09-101-052-001
UPID
US28-3326769
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
2000
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
12 In Docs INC
Entity
Mailing address
2315 DOUGHERTY FRY RD STE #110, SAINT LOUIS, MO 63122-3383
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2018
—
12 In Docs INC
—
Deed
related
$192,250 · Bank Of Edwardsville
Aug 30, 2018
—
12 In Docs INC
—
Deed
related
$293,350 · Bank Of Edwardsville
Apr 8, 2005
$555,000
12 In Docs INC
Php LLC
Special Warranty Deed
$474,795 · The Business Bank Of St Louis
—
—
12 In Docs INC
—
Deed Of Trust
related
$645,627 · Triad Bk
—
—
12 In Docs INC
—
Loan Modification
related
$149,805 · Triad Bk
—
—
12 In Docs INC
—
Deed Of Trust
related
$293,350 · Bank Of Edwardsville
—
—
12 In Docs INC
—
Deed Of Trust
related
$192,250 · Bank Of Edwardsville
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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