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Property profile & analytics
OFF-MARKET
Commercial real estate
535 Edwardsville Rd, Troy, IL 62294-1378
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2671735
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Total area
5,600 SF
Lot
0.29 ac (12,632 SF)
APN
09-2-22-05-20-402-061
UPID
US28-2671735
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
-
Vitality Fitness Studio Gym & Fitness Center
-
Natural Resource Conservation Government
-
Serenity With Sara Alternative Medicine Practice Spa & Massage Center
-
Henry Meisenheimer & Gende Inc Engineer
-
Farmers Insurance- Martin Insurance Agency Insurance Agency
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
Jian Ziong Zhoo · 4 yrs held
Jian Ziong Zhoo
since 2022
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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
$9,101
Tax year 2022
Assessed value
$121,820
Assessed 2022
Previous assessed
$121,820
+0.0% YoY
Effective rate
7.47%
On assessed value
Assessed land
$53,740
Assessed improvement
$68,080
Land market value
$161,381
Improvement market value
$204,444
Total market value
$365,825
Applied tax rate
56.0000
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
1997
Heating
NONE
Total area
5,600 SF
Lot
0.29 ac (12,632 SF)
APN
09-2-22-05-20-402-061
UPID
US28-2671735
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
1997
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Jian Ziong Zhoo
Individual
Free & Clear · 4 yrs held
Mailing address
2 MARCHE CT, BELLEVILLE, IL 62226-1056
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
—
Jian Xiong Zhao
—
Deed
related
$300,000 · Carrollton Bank
Jun 23, 2022
—
Jian Ziong Zhoo
Jian Zhao
Quit Claim Deed
related
—
Feb 4, 2004
$402,000
Jian Zhao
Troy Development LLC
Grant Deed
$321,000 · Southwest Bank Of St Louis
Jan 7, 2004
—
Troy Development LLC
—
Deed Of Trust
related
$3,971,000 · Bank Of Edwardsville
—
—
Troy Development LLC
—
Deed Of Trust
related
$100,000 · Firstar Bank
—
—
Jian Zhao
—
Deed Of Trust
related
$179,000 · Carrollton Bank
—
—
Troy Development LLC
—
Deed Of Trust
related
$400,000 · Mercantile Bank
—
—
Troy Development LLC
—
Deed Of Trust
related
$480,000 · Mercantile 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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