New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office Spaces
3555 College Ave, Alton, IL 62002-5009
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2772596
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Total area
4,800 SF
Lot
0.51 ac (22,166 SF)
APN
23-2-08-08-09-101-018
UPID
US28-2772596
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
-
Bi-State Oral and Facial Surgery Medical Clinic Hospital
-
Benjamin Schlott Dental Office
-
Brocrt Hammon Dental Office
-
Benjamin Jacob Schlott Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$461k
Blend (final)
Blend
$505k
Owner & transaction history
Schlott Properties LLC · 6 yrs held
Schlott Properties LLC
since 2019
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
$505k
Range $455k – $556k · ±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
$105 / 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
$9,154
Tax year 2022
Assessed value
$104,340
Assessed 2022
Previous assessed
$104,340
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$48,440
Assessed improvement
$55,900
Land market value
$145,465
Improvement market value
$167,868
Total market value
$313,333
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
1986
Heating
NONE
Stories
1
Total area
4,800 SF
Lot
0.51 ac (22,166 SF)
APN
23-2-08-08-09-101-018
UPID
US28-2772596
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
1986
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Schlott Properties LLC
Entity
Mailing address
815 E 5TH ST, ALTON, IL 62002-6471
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 19, 2019
—
Schlott Properties LLC
—
Trustees Deed
related
$656,000 · Umb Bk
Aug 27, 2019
$270,000
Schlott Properties LLC
Town & Country Bank
Special Warranty Deed
$270,000 · Umb Bank NA
Jun 22, 2009
—
Hutson Properties LLC
Hutson,aaron & Sara
Quit Claim Deed
—
May 13, 2004
$233,500
John B Julian
Wise,pamela J
Grant Deed
—
Apr 29, 2004
—
Pamela Wise
W & J Gp
Quit Claim Deed
related
—
Mar 27, 2000
$435,000
W & J General Partnership
Schrenk,loren C & Mary B
Grant Deed
$391,500 · Jersey State Bank
—
—
Aaron Hutson
—
Deed Of Trust
related
$282,644 · Theedgebank
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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