Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    490 Jerome Ln Cahokia, IL 62206-2047

    • Commercial real estate
    • 704 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0705853
    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

    • Commercial real estate

    Property Details for 490 Jerome Ln

    Year built
    1937
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    704 SF
    Property type
    Commercial real estate
    APN
    01-35-0-315-020
    APU
    1350315020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cahokia
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.1745
    Latitude
    38.5738
    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
    $2,614
    $2,261
    $11,494
    $13,755
    -
    $6,783
    $34,482
    $41,265

    Comparable in this City

    • Value Estimation by Request
      7.50 Acres

      Mildred Ave

      COMMERCIAL (GENERAL) • 7.50 Acres
      Mildred Ave, Cahokia, IL 62206
      View Details
    • Value Estimation by Request
      0.14 Acres

      616 Falling Spgs Rd

      COMMERCIAL (GENERAL) • 0.14 Acres
      616 Falling Spgs Rd, Cahokia, IL 62206-1246
      View Details
    • Value Estimation by Request
      0.34 Acres

      Hngr 6th 6

      COMMERCIAL (GENERAL) • 0.34 Acres
      Hngr 6th 6, Cahokia, IL 62206
      View Details
    • Value Estimation by Request
      0.11 Acres

      707 Uppr Cahokia Rd

      COMMERCIAL (GENERAL) • 0.11 Acres
      707 Uppr Cahokia Rd, Cahokia, IL 62206
      View Details
    • Value Estimation by Request
      3,750 SF

      1497 Cp Jackson Rd

      COMMERCIAL (GENERAL) • 3,750 SF
      1497 Cp Jackson Rd, Cahokia, IL 62206-2559
      View Details
    • Value Estimation by Request
      1,852 SF

      2509 Renois Ln

      COMMERCIAL (GENERAL) • 1,852 SF
      2509 Renois Ln, Cahokia, IL 62206-3016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      79.76 Acres

      Industrial Land Redevelopment Opportunity

      79 Acres, Cahokia Heights, IL
      917 Plum St, Cahokia Heights, IL 62206
      View Details
    • $167,130
      6.00 Acres

      Cahokia Commercial Land Development

      6-Acre Site, B-2 Zoning, Prime Location
      0 Mississippi Ave, Cahokia, IL 62206
      View Details
    • $826,551
      12.65 Acres

      Sauget Industrial Land Development

      12.65 Acres, Prime Location, Incentives
      1635-1643 Sauget Business Blvd, Sauget, IL 62206
      View Details
    • $65,000
      0.52 Acres

      Cahokia Commercial Land - $65K

      0.52-acre lot, B-2 zoning, high traffic.
      3321 Mississippi Ave, Cahokia, IL 62206
      View Details
    • $826,551

      Industrial Land in Sauget

      12.65 acres of industrial land with utilities and incentives.
      1643 Sauget Business Blvd, Sauget, IL 62206
      View Details
    • $275,000

      2.34 Acre Retail Outlot

      2.34 acre outlot near major retailers.
      1225 Camp Jackson Rd, Cahokia, IL 62206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,880 SF

      Camp Jackson Retail Space Available

      Regional shopping center with national tenants, part of St. Louis market.
      1643-1695 Camp Jackson Rd, Cahokia, IL 62206
      View Details
    • $10 SF/Yr
      108,979 SF

      Camp Jackson Retail Center

      High-traffic shopping center, space available
      1615 Camp Jackson Rd, Cahokia, IL 62206
      View Details
    • $11 SF/Yr
      2,850 SF

      Renovated Retail Center on Highway

      Remodeled retail center with high visibility and traffic location.
      3315-3323 Mississippi Ave, Cahokia, IL 62206
      View Details
    • Contact for pricing

      Industrial Sites for Lease

      Industrial land suitable for warehouse, distribution, and light manufacturing.
      1667 Sauget Business Blvd, Sauget, IL 62206
      View Details
    • $11 SF/Yr
      15,225 SF

      Mississippi Ave Executive Office Space

      Cahokia Heights Office Suites - High Traffic Area
      3315 Mississippi Ave, Cahokia Heights, IL 62206
      View Details
    • $4 SF/Yr
      99,616 SF

      Camp Jackson Road Industrial Space

      99,616 SF Warehouse, Flexible Space Available
      1002 Cp Jackson Rd, Cahokia Heights, IL 62206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    490 Jerome Ln
    Cahokia, IL 62206-2047
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.