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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3801 Belt W Belleville, IL 62226-5626

    • Grocery and convenience stores
    • 3,250 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Oct 15, 2021
    $3,045,000
    Value Estimations
    $3,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2506862
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PNC Bank ATM / Atm
    • Circle K / Atm / Coffee Shop
    • Shell / Gas Station

    Property Details for 3801 Belt W

    Year built
    1988
    Lot size
    0.74 lot acres
    Property size
    3,250 SF
    Property type
    Grocery and convenience stores
    APN
    08-08-0-320-028
    APU
    8080320028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,030,000
      ML approach
      $2,950,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0115
    Latitude
    38.542
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,007
    $41,116
    $65,491
    $106,607
    -
    $123,348
    $196,473
    $319,821

    Comparable in this City

    • Value Estimation
      $6,790,000
      675 SF

      4201 Belt W

      CONVENIENCE STORE • 675 SF
      4201 Belt W, Belleville, IL 62226-5613
      View Details
    • Value Estimation
      $240,000
      2,240 SF

      1721 Belt W

      CONVENIENCE STORE • 2,240 SF
      1721 Belt W, Belleville, IL 62226-7445
      View Details
    • Value Estimation
      $350,000
      1,876 SF

      4311 Belt W

      CONVENIENCE STORE • 1,876 SF
      4311 Belt W, Belleville, IL 62226-5214
      View Details
    • Value Estimation
      $85,000
      1,872 SF

      1324 Illinois St

      CONVENIENCE STORE • 1,872 SF
      1324 Illinois St, Swansea, IL 62226-4230
      View Details
    • Value Estimation
      $285,000
      2,800 SF

      2709 Main St

      CONVENIENCE STORE • 2,800 SF
      2709 Main St, Belleville, IL 62226-6644
      View Details
    • Value Estimation
      $360,000
      2,340 SF

      1614 Belt W

      CONVENIENCE STORE • 2,340 SF
      1614 Belt W, Belleville, IL 62226-5923
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,987 SF

      Belleville Bank Building For Sale

      Prime Retail Bank, 18,987 SF, Illinois
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    • $140,000

      Belleville Commercial Property on 38th

      Adaptable commercial space with high visibility in Belleville, Illinois.
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      4,500 SF

      Prime Belleville QSR Opportunity

      Vacant McDonald's, 4,500 SF, 1.39 Acres
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    • $980,000
      6,000 SF

      Retail Building and Development Opportunity

      Retail building with development potential in Swansea, Illinois.
      4510 N Illinois St, Swansea, IL 62226
      View Details
    • $79,500
      1.99 Acres

      Belleville Building Lot in Wyndrose

      1.99 acre wooded lot in established executive home community.
      178 Wyndrose Estates Dr, Belleville, IL 62226
      View Details
    • $585,000
      6,300 SF

      Updated Commercial Building in Swansea

      Updated commercial building with new systems and flexible layout.
      16 Bronze Pointe Blvd, Swansea, IL 62226
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Former Restaurant Space For Lease

      6,000 SF retail space in high-traffic Belleville corridor.
      5600-5650 Belleville Crossing St, Belleville, IL 62226
      View Details
    • $11 SF/Yr
      9,728 SF

      Retail Space on Highway 159

      Freestanding retail building with ample parking and pylon signage.
      4500 N Illinois St, Swansea, IL 62226
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail/Office Space on Illinois Street

      1,200 SF space with excellent visibility on Illinois Street.
      2704 N Illinois St, Swansea, IL 62226
      View Details
    • $4 SF/Yr
      84,386 SF

      4600 Main St

      Lifestyle centers • 84,386 SF
      4600 Main St, Belleville, IL 62226
      View Details
    • Contact for pricing
      86,392 SF

      Belleville Crossing

      Retail properties • 86,392 SF
      5701-5875 Belleville Crossing St, Belleville, IL 62226
      View Details
    • Contact for pricing
      86,867 SF

      Belleville Retail Center Investment

      High-traffic shopping center, 1 space available
      5720 Belt, Belleville, IL 62226
      View Details
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    3801 Belt W
    Belleville, IL 62226-5626
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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