Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5036 Illinois St Fairview Heights, IL 62208

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5036 Illinois St Fairview Heights, IL 62208

    View on Map
    • Medical Office Space
    • 4,000 SF
    Off-Market
    Property ID
    US28-5183740
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 5036 Illinois St

    Year built
    2010
    Property size
    4,000 SF
    Property type
    Medical Office Space
    APN
    03-34.0-311-002

    Description

    This 4,000 square foot Class B office building, located at 5036 N Illinois St, Fairview Heights, IL 62208, is offered for sale at $525,000 ($131.25/SF). The property, built in 2010 and renovated in 2022, features a multi-tenant occupancy currently at 50%, with both tenants holding leases extending into 2028. The building is zoned B-3 Community Business and boasts a strong net operating income (NOI) of $48,539, representing a 9.25% capitalization rate. Recent improvements include exterior Rhino Shield paint. Situated within Lakeview Commons Professional Park, between Frank Scott Parkway and US Highway 50, the property offers convenient access to Interstate 64 (approximately 1.5 miles). An agreement is in place for repaving and sealing of the shared parking lot. The property's APN is 03-34.0-311-002. This is a great opportunity for investors seeking a stable, income-producing asset in a desirable location. The building is suitable for medical and traditional office uses. Financial details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9842202
    Latitude
    38.5765529

    Comparable in this City

    • $1,239,000
      5,080 SF

      Fairview Heights Office Building

      Office building for sale in Fairview Heights, Illinois.
      5 Ludwig Dr, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      1,680 SF

      Fairview Heights Office For Sale

      1,680 SF office space in high-traffic area.
      10326 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • $225,000
      1,257 SF

      Fairview Heights Retail Opportunity

      Retail property in high-traffic area near major retailers.
      5105 N Illinois St, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      85,603 SF

      Retail Property For Sale

      85,603 SqFt retail property with 8.00% CAP rate.
      6601 N Illinois St, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      O'Fallon Development Land

      59.5 acres of land for sale in O'Fallon, Illinois.
      Prime Development Land, O Fallon, IL 62208
      View Details
    • $39,900
      1.04 Acres

      Stonewolf Subdivision Wooded Homesite

      One-acre wooded lot in Stonewolf Subdivision, build your dream home.
      1078 Blackwolf Ct, Fairview Heights, IL 62208
      View Details

    Similar Nearby for Sale

    • $1,239,000
      5,080 SF

      Fairview Heights Office Building

      Office building for sale in Fairview Heights, Illinois.
      5 Ludwig Dr, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      1,680 SF

      Fairview Heights Office For Sale

      1,680 SF office space in high-traffic area.
      10326 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • $225,000
      1,257 SF

      Fairview Heights Retail Opportunity

      Retail property in high-traffic area near major retailers.
      5105 N Illinois St, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      85,603 SF

      Retail Property For Sale

      85,603 SqFt retail property with 8.00% CAP rate.
      6601 N Illinois St, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      O'Fallon Development Land

      59.5 acres of land for sale in O'Fallon, Illinois.
      Prime Development Land, O Fallon, IL 62208
      View Details
    • $39,900
      1.04 Acres

      Stonewolf Subdivision Wooded Homesite

      One-acre wooded lot in Stonewolf Subdivision, build your dream home.
      1078 Blackwolf Ct, Fairview Heights, IL 62208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Well-Maintained Office Suites Available

      Office suites for rent with upgraded finishes and ample parking.
      10513 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      Professional Office Spaces For Lease

      Professional office spaces for lease with full service leases.
      10314 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      Renovated Office Suite with Views

      Turnkey 4,723 SF office suite with abundant natural light.
      16 Executive Dr, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      Professional Office Suite For Lease

      Office suite with private offices, conference room, and restrooms.
      11 Executive Dr, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      Fairview Heights Office/Flex Space Available

      Turnkey office/flex space with warehouse in premier business center.
      15 Executive Dr, Fairview Heights, IL 62208
      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.
    5036 Illinois St
    Fairview Heights, IL 62208
    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

    Thank You for Inquiry

    5036 Illinois St, Fairview Heights, IL, 62208

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!