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Property profile & analytics
OFF-MARKET
Estimated value
$5,625,000
Commercial real estate
4608 Illinois St 4660 Fairview Heights, IL 62208-3407
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0799055
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Construction
STEEL FRAME
Total area
46,610 SF
Lot
5.22 ac (227,383 SF)
APN
03-34-0-300-041
UPID
US28-0799055
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
$5.71M
CAP Approach
CAP
$7.26M
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$5.63M
Owner & transaction history
Fairview Heights Commercial Group L · 3 yrs held
Fairview Heights Commercial Group L
since 2023
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+82.9%
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
$5,420,000
ML approach
$5,710,000
CAP Approach
CAP Return
Estimation
6%
$7,865,000
6.5%
$7,260,000
7%
$6,740,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,105,000
Current use
RESTAURANT
$9,335,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$5.63M
Range $5.06M – $6.19M · ±10% · vs last sale $5.80M (May 4 2023)
Last sale anchor
$5.80M
May 4 2023
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
$121 / 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
$109,062
Tax year 2023
Assessed value
$1,612,573
Assessed 2023
Previous assessed
$1,612,573
+0.0% YoY
Effective rate
6.76%
On assessed value
Assessed land
$629,895
Assessed improvement
$982,678
Land market value
$1,889,685
Improvement market value
$2,948,034
Total market value
$4,837,719
Applied tax rate
8,052.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
NONE
Total area
46,610 SF
Lot
5.22 ac (227,383 SF)
APN
03-34-0-300-041
UPID
US28-0799055
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
COMMERCIAL (GENERAL) Current
Est. value
$5.1M
RESTAURANT
Est. value
$9.3M
COMMERCIAL (GENERAL) Current
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
1987
Construction
STEEL FRAME
Heating
NONE
Lot
5.22 ac
Current owner
From public records · entity-resolved
Fairview Heights Commercial Group L
Entity
Mailing address
1035 BELLAMARE TRL STE #200, TRINITY, FL 34655-4672
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
$5,800,000
Fairview Heights Commercial Group L
Winchester Plaza Group LLC
Warranty Deed
$4,640,000 · Prairie State Bank & Trust
Aug 4, 2022
—
Winchester Plaza Group LLC
—
Deed
related
$4,140,544 · First National Bank Of Waterloo
Jul 21, 2017
$4,897,000
Winchester Plaza Group LLC
Winchester Real Estates LLC
Grant Deed
related
$4,900,000 · First Nat'l Bk
Sep 6, 2016
—
Winchester Real Estate LLC
—
Deed
related
$4,169,000 · Citizens Nat'l Bk/greater St L
Mar 5, 2009
$9,000
County Of St Clair
Winchester Real Estate LLC
Warranty Deed
—
Feb 3, 2006
—
Winchester Real Estate LLC
Ives,dane & Ruth
Grant Deed
related
—
Aug 1, 2005
$5,450,000
Dane Ives
Winchester Plaza LLC
Grant Deed
$4,590,000 · Citizens Nat'l Bank Grtr St Lo
Oct 1, 1999
—
Winchester Plaza LLC
Draper,douglas G
Grant Deed
related
—
Jul 7, 1998
$4,200,000
Douglas G Draper
Winchester Plaza Associates LP
Grant Deed
$3,200,000 · Southern Commercial Bank
—
—
Winchester Real Estate LLC
—
Deed Of Trust
related
$500,000 · Citizens Nat'l Bk/greater St L
—
—
Winchester Real Estate LLC
—
Deed Of Trust
related
$4,169,000 · Citizens Nat'l Bk/greater St L
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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