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Property profile & analytics
FOR SALE
Commercial real estate
5024 N Illinois St Fairview Heights, IL 62208
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-5345971
For Sale
1 / 4
$130,000
5024 N Illinois St, Fairview Heights, IL 62208
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.52 ac (22,651 SF)
APN
03-34-0-311-009
UPID
US28-5345971
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Clover Leaf Bk · 13 yrs held
First Clover Leaf Bk
since 2013
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 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,698
Tax year 2023
Assessed value
$39,885
Assessed 2023
Previous assessed
$39,885
+0.0% YoY
Effective rate
6.76%
On assessed value
Assessed land
$27,429
Assessed improvement
$12,456
Land market value
$82,287
Improvement market value
$37,368
Total market value
$119,655
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
For Sale
Heating
NONE
Lot
0.52 ac (22,651 SF)
APN
03-34-0-311-009
UPID
US28-5345971
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.52 ac
Current owner
From public records · entity-resolved
First Clover Leaf Bk
Individual
Free & Clear · 13 yrs held
Mailing address
3838 N ARBOR LK DR, EDWARDSVILLE, IL 62025-7759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
—
Hbs Properties LLC
—
Deed
related
$216,000 · Carrollton Bk
Jan 23, 2020
—
Hbs Properties LLC
—
Deed
related
—
Jun 4, 2013
—
First Clover Leaf Bk
Sheriff Of St Clair County
Trustees Deed
related
—
Jan 6, 2011
—
Graham Of Benson Properties LLC
Graham Benson PC
Quit Claim Deed
related
—
Dec 29, 2010
—
Graham Benson PC
—
Trustees Deed
related
$92,000 · First Clover Leaf Bank
May 3, 2010
$485,000
Graham Benson PC
Oak Stone Props LLC Bldg 5
Warranty Deed
$520,000 · First Clover Leaf Bank
Apr 2, 2008
—
Oak Stone Props LLC Bldg 5
Shaffer,charles & Linda
Quit Claim Deed
related
—
Jan 25, 2008
$775,000
Charles Shaffer
Prime Dev INC
Warranty Deed
$625,000 · Meridian Bank
Aug 19, 2005
—
Prime Dev INC
—
Trustees Deed
related
$575,000 · First Bank
—
—
Hbs Properties LLC
—
Loan Modification
related
—
—
—
Oak Stone Properties LLC
—
Deed Of Trust
related
$250,047 · Bank Of Springfield
—
—
Oak Stone Properties LLC
—
Deed Of Trust
related
$100,000 · Meridian Bank
—
—
Charles D Shaffer
—
Loan Modification
related
—
—
—
Hbs Properties LLC
—
Deed Of Trust
related
$216,000 · Carrollton Bk
—
—
Hbs Properties LLC
—
Deed Of Trust
related
$433,968 · Carrollton Bk
—
—
Charles D Shaffer
—
Deed Of Trust
related
—
—
—
Oak Stone Properties LLC
—
Deed Of Trust
related
$540,265 · First Clover Leaf Bank
—
—
Charles D Shaffer
—
Loan Modification
related
—
—
—
Graham Benson PC
—
Deed Of Trust
related
$575,000 · First Clover Leaf Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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