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Property profile & analytics
FOR SALE
Industrial properties
5920 Gateway Industrial Dr Belleville, IL 62223
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-2059145
For Sale
1 / 2
$2,100,000
5920 Gateway Industrial Dr, Belleville, IL 62223
View Listing →
Property summary
AI-generated overview
This Belleville, IL industrial property, located at 5920 Gateway Industrial Dr, offers 25,188 square feet of warehouse space in a single-story building. Built in 1970 and renovated in 2022, the property features a 24-foot ceiling height and 945 feet of frontage on an 8.02-acre lot. The zoning is Improved Commercial (APN: 07-13 .0-400-070). Currently, there are multiple tenants, with 15,643 square feet of vacant space available. Divisible units range from a minimum of 5,715 square feet to a maximum contiguous space of 9,928 square feet. The property includes 34 total parking spaces. The property previously served as a truck terminal, offering ample space for trailer parking and outdoor storage. A portion of the property is currently leased, generating $112,200 in annual lease income. This presents a unique opportunity for investors or businesses seeking a substantial industrial space in a prime location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
STEEL FRAME
Total area
17,128 SF
Lot
8.02 ac (349,351 SF)
APN
07-13-0-400-070
UPID
US28-2059145
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
-
HTE Rental Services (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$1.14M
Owner & transaction history
Properties Holding Management · 11 yrs held
Properties Holding Management
since 2015
6 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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$785,000
Current use
COMMERCIAL (GENERAL)
$705,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$66 / 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
$36,765
Tax year 2023
Assessed value
$381,970
Assessed 2023
Previous assessed
$381,970
+0.0% YoY
Effective rate
9.63%
On assessed value
Assessed land
$63,840
Assessed improvement
$318,130
Land market value
$191,520
Improvement market value
$954,390
Total market value
$1,145,910
Applied tax rate
9,017.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
17,128 SF
Lot
8.02 ac (349,351 SF)
APN
07-13-0-400-070
UPID
US28-2059145
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
INDUSTRIAL (GENERAL) Current
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$705,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1980
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
8.02 ac
Current owner
From public records · entity-resolved
Properties Holding Management
Entity
Mailing address
5920 GTWY INDUSTRIAL DR, BELLEVILLE, IL 62223-3498
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2015
$770,000
Properties Holding Management
Waste Management Of Illinois INC
Grant Deed
$1,250,000 · Community First Bk
Apr 8, 2010
—
Stookey Township
Waste Management Of Illinois INC
Quit Claim Deed
related
—
Nov 12, 2002
—
Saint Clair County (il)
Waste Management Of Illinois
Grant Deed
related
—
Jun 3, 2002
—
Waste Management Of Illinois
Superior Of Missouri INC
Grant Deed
related
—
Aug 3, 1999
$2,000,000
Superior Of Missouri INC
Allied Waste Transportation
Grant Deed
—
Apr 28, 1999
$1,099,000
Waste Transportation In Allied
Bfi Waste Systems Of North Ami
Grant Deed
—
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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