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Property profile & analytics
OFF-MARKET
Office Spaces
500 6th St, Alton, IL 62002-3602
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-5345352
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Total area
2,104 SF
Lot
0.22 ac (9,583 SF)
APN
23-2-07-11-20-404-032
UPID
US28-5345352
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
-
The Gori Law Firm | Mesothelioma & Asbestos Exposure Lawyers Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Egg Development LLC · 8 yrs held
Egg Development LLC
since 2017
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,744
Tax year 2022
Assessed value
$76,870
Assessed 2022
Previous assessed
$76,870
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$8,260
Assessed improvement
$68,610
Land market value
$24,805
Improvement market value
$206,036
Total market value
$230,841
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
1967
Heating
NONE
Stories
1
Units
1
Total area
2,104 SF
Lot
0.22 ac (9,583 SF)
APN
23-2-07-11-20-404-032
UPID
US28-5345352
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
1967
Heating
NONE
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Egg Development LLC
Entity
Mailing address
156 N MAIN ST, EDWARDSVILLE, IL 62025-1902
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2017
$255,000
Egg Development LLC
Hpokins Professional Center INC
Deed
$216,750 · Fcb Banks
Aug 20, 2013
—
Hopkins Professional Ctr INC
—
Trustees Deed
related
$100,696 · Liberty Bank
Jun 1, 2011
$165,000
Hopkins Professional Center In
Peckham,todd
Warranty Deed
—
May 15, 2008
$120,000
Todd Peckham
Paslay,michael D
Grant Deed
$116,000 · Liberty Bank
Mar 14, 2006
$120,000
Michael D Paslay
Allen,benjamin & Trudi C
Warranty Deed
—
Apr 29, 2005
$200,000
Ben Allen
Griffith,r W JR & Jean
Warranty Deed
—
Apr 29, 2005
—
Trudi C Allen
Allen,benjamin B & Trudi C
Quit Claim Deed
—
Apr 29, 2005
$120,000
Steven W Selby
Allen,benjamin B & Trudi C
Warranty Deed
$140,000 · Cornerstone Bank & Trust NA
—
—
Michael D Paslay
—
Deed Of Trust
related
$90,000 · Liberty Bank
—
—
Hopkins Professional Ctr INC
—
Deed Of Trust
related
$250,000 · Liberty Bank
—
—
Hopkins Professional Ctr INC
—
Deed Of Trust
related
$300,610 · Liberty Bank
—
—
Hopkins Professional Center In
—
Loan Modification
related
—
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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