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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Commercial real estate
421 Marketplace Dr Freeburg, IL 62243-4076
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-3575617
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
FRAME
Total area
9,600 SF
Lot
8.59 ac (374,180 SF)
APN
14-19-0-209-009
UPID
US28-3575617
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
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.33M
Owner & transaction history
Groceries Of Southern Illionis LLC · 4 yrs held
Groceries Of Southern Illionis LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+142.5%
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 Freeburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeburg 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%
$1,620,000
6.5%
$1,495,000
7%
$1,390,000
Alternative Use
Use
Estimation
RESTAURANT
$1,920,000
Change: +142% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±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
$139 / 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
$236,114
Tax year 2023
Assessed value
$2,784,325
Assessed 2023
Previous assessed
$2,784,325
+0.0% YoY
Effective rate
8.48%
On assessed value
Assessed land
$760,048
Assessed improvement
$2,024,277
Land market value
$2,280,144
Improvement market value
$6,072,831
Total market value
$8,352,975
Applied tax rate
17,018.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
NONE
Buildings
5
Total area
9,600 SF
Lot
8.59 ac (374,180 SF)
APN
14-19-0-209-009
UPID
US28-3575617
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
RESTAURANT
Est. value
$1.9M
RESTAURANT
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
2006
Construction
FRAME
Heating
NONE
Buildings
5
Lot
8.59 ac
Current owner
From public records · entity-resolved
Groceries Of Southern Illionis LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 140, COLUMBIA, IL 62236-0140
Ownership since
2021
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 20, 2021
—
Freeburg Development Corporation
—
Deed
related
$400,000 · Citizens Community Bank
Aug 24, 2021
—
Groceries Of Southern Illionis LLC
The Freeburg Fire Protection Distri
Warranty Deed
—
Aug 5, 2021
—
Freeburg Development Corporation
—
Deed
related
$800,000 · Citizens Community Bank
May 20, 2021
—
Freeburg Development Corporation
—
Deed
related
$900,000 · Citizens Community Bank
Aug 30, 2018
—
Freeburg Dev Corp
—
Grant Deed
related
$7,300,000 · Citizens Cmnty Bk
Dec 30, 2016
—
Freeburg Devp Corp
—
Deed
related
$6,770,000 · Citizens Cmnty Bk
—
—
Freeburg Devp Corp
—
Deed Of Trust
related
$6,770,000 · Citizens Cmnty Bk
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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