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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Commercial real estate
5721 Old Collinsville Rd Fairview Heights, IL 62208-3746
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-1528362
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Construction
WOOD
Total area
5,166 SF
Lot
0.83 ac (36,155 SF)
APN
03-34-0-206-005
UPID
US28-1528362
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
$805k
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$670k
Owner & transaction history
County Of St Clair · 2 yrs held
County Of St Clair
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+82.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$565,000
Current use
RESTAURANT
$1,035,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
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
$130 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,811
Tax year 2023
Assessed value
$200,416
Assessed 2023
Previous assessed
$200,416
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$15,946
Assessed improvement
$184,470
Land market value
$47,838
Improvement market value
$553,410
Total market value
$601,248
Applied tax rate
8,053.0000
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
2005
Construction
WOOD
Heating
NONE
Total area
5,166 SF
Lot
0.83 ac (36,155 SF)
APN
03-34-0-206-005
UPID
US28-1528362
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$565,000
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2005
Construction
WOOD
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
County Of St Clair
Entity
Free & Clear · 2 yrs held
Mailing address
1415 N BELT W, BELLEVILLE, IL 62226-5918
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2023
—
County Of St Clair
The Louvre LLC
Warranty Deed
—
Aug 2, 2021
—
The Louvre LLC
—
Deed
related
$25,000 · Bank Of Belleville
Sep 14, 2018
—
Louvre LLC
—
Deed
related
$20,000 · Bank Of Belleville
Jan 24, 2017
—
Louvre LLC
—
Deed
related
$220,000 · Bank Of Belleville
Mar 4, 2009
—
Louvre LLC
—
Trustees Deed
related
$500,000 · First Clover Leaf Bank
Nov 10, 2008
—
Louvre LLC
Keleher,r Kenneth
Warranty Deed
related
—
Dec 29, 2003
$135,000
Kenneth R Keleher
Jones,robert S & Laura A
Grant Deed
—
—
—
Robert S Jones
—
Deed Of Trust
related
$25,275 · Bank One NA
—
—
Louvre LLC
—
Deed Of Trust
related
$20,000 · Bank Of Belleville
—
—
Louvre LLC
—
Deed Of Trust
related
$428,428 · Bank Of Belleville
—
—
Robert S Jones
—
Deed Of Trust
related
$11,087 · Travelers Bank & Trust Fsb
—
—
Louvre LLC
—
Deed Of Trust
related
$227,000 · First Bank
—
—
Louvre LLC
—
Deed Of Trust
related
$220,000 · Bank Of Belleville
—
—
Louvre LLC
—
Deed Of Trust
related
$20,000 · Bank Of Belleville
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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