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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Commercial real estate
547 Bargraves Blvd, Troy, IL 62294
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2785154
Property summary
AI-generated overview
Troy Plaza, a 14,400 square foot retail center in Troy, Illinois, presents a compelling leasing opportunity. Located at 547 Bargraves Blvd, this single-story, 1988-built property sits on a 3.89-acre lot and is zoned C2 (General Commercial). Currently, 3,600 square feet of space is immediately available, divisible into units ranging from 1,184 to 3,600 contiguous square feet. The center enjoys a high-traffic location just off IL-162, less than a mile from Highway 55, with approximately 11,600 vehicles passing daily, ensuring excellent visibility. Pylon signage is available. This well-established shopping center benefits from strong co-tenancy with established businesses such as Subway and China King, creating a vibrant and attractive retail environment. The property's APN is 092220520402023, and it's situated in Madison County, Illinois, zip code 62294. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a thriving community. The property is under new ownership.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Total area
14,400 SF
Lot
3.68 ac (160,301 SF)
APN
09-2-22-05-20-402-023
UPID
US28-2785154
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
$2.17M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.75M
Owner & transaction history
Fabulous 5 Properties LLC · 2 yrs held
Fabulous 5 Properties LLC
since 2023
Last sale
$2.8M
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,345,000
6.5%
$2,165,000
7%
$2,010,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,970,000
Current use
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±10% · vs last sale $2.75M (Oct 11 2023)
Last sale anchor
$2.75M
Oct 11 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
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
$37,494
Tax year 2022
Assessed value
$501,850
Assessed 2022
Previous assessed
$501,850
+0.0% YoY
Effective rate
7.47%
On assessed value
Assessed land
$164,850
Assessed improvement
$337,000
Land market value
$495,045
Improvement market value
$1,012,012
Total market value
$1,507,057
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
1988
Heating
NONE
Total area
14,400 SF
Lot
3.68 ac (160,301 SF)
APN
09-2-22-05-20-402-023
UPID
US28-2785154
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
3.68 ac
Current owner
From public records · entity-resolved
Fabulous 5 Properties LLC
Entity
Mailing address
4205 RODIN AVE, BELLEVILLE, IL 62226-8917
Ownership since
2023
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
Oct 11, 2023
$2,750,000
Fabulous 5 Properties LLC
Bank Of Missouri
Special Warranty Deed
$6,000,000 · Citizens Community Bank
Jul 11, 2023
—
Bank Of Missouri
Catherine J Green
Warranty Deed
—
Aug 22, 2017
—
Catherine Green
—
Grant Deed
related
$1,047,384 · Bank Of Mo
Jul 7, 2017
—
Catherine Green
—
Deed
related
$41,123 · Bank Of Mo
Oct 25, 2004
—
James C Green
Trust 2545-51
Grant Deed
$1,312,500 · Bank Of Missouri
—
—
Topmost Development Corp
—
Deed Of Trust
related
$190,000 · Magna Bank NA
—
—
Catherine Green
—
Deed Of Trust
related
$41,123 · Bank Of Mo
—
—
James C Green
—
Deed Of Trust
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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