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    Property profile & analytics

    5920 Gateway Industrial Dr Belleville, IL 62223

    • Industrial properties
    • 17,128 SF
    • 8.02 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2059145
    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.

    Current Use by Public Records

    • HTE Rental Services / (Bike/Boat/Book/etc) Store / Rental Equipment Company

    Property Details for 5920 Gateway Industrial Dr

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    8.02 lot acres
    Property size
    17,128 SF
    Property type
    Industrial properties
    APN
    07-13-0-400-070
    APU
    7130400070

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $993,000
      Market price range: $474k - $994k
      AI Estimate
      $1,257,000
      Market price range: $528k - $1.26M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $785,000
      Current use
      COMMERCIAL (GENERAL)
      $705,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.039
    Latitude
    38.5292
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,765
    $63,840
    $318,130
    $381,970
    -
    $191,520
    $954,390
    $1,145,910

    Comparable in this City

    • Value Estimation by Request
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      Land • 0.74 Acres
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      View Details
    • Value Estimation
      $8,360,000
      147,888 SF

      1 Busch Blvd

      INDUSTRIAL (GENERAL) • 147,888 SF
      1 Busch Blvd, Belleville, IL 62223-1017
      View Details
    • Value Estimation by Request
      63,588 SF

      9480 Il-15

      Distribution properties • 63,588 SF
      9480 Il-15, Belleville, IL 62223
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    • Value Estimation by Request
      0.22 Acres

      100 Superior Dr

      INDUSTRIAL (GENERAL) • 0.22 Acres
      100 Superior Dr, Belleville, IL 62223
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    • Value Estimation
      $640,000
      9,520 SF

      5841 Mine Haul Rd

      INDUSTRIAL (GENERAL) • 9,520 SF
      5841 Mine Haul Rd, Belleville, IL 62223-7641
      View Details
    • Value Estimation
      $1,080,000
      16,298 SF

      8200 Excellence Pl

      INDUSTRIAL (GENERAL) • 16,298 SF
      8200 Excellence Pl, Belleville, IL 62223-3319
      View Details

    Similar Nearby for Sale

    • $820,000
      10,480 SF

      Belleville Industrial Property for Sale

      Industrial property featuring 10,480 square feet of space in Belleville.
      5921 Gateway Industrial Dr, Belleville, IL 62223
      View Details
    • Contact for pricing
      0.74 Acres

      Sauget Industrial Land for Sale

      Prime IL location, various sizes, development-ready
      1617 Sauget Industrial Pkwy, Belleville, IL 62223
      View Details
    • $2,100,000
      25,188 SF

      Belleville Warehouse Investment Opportunity

      High-yield industrial warehouse, excellent location.
      5920 Gateway Industrial Dr, Belleville, IL 62223
      View Details
    • $289,000
      3.48 Acres

      Belleville Industrial Land - $289K

      8.65 Acres, D-1 Zoning, High Traffic
      8955 Bevo Ct, Belleville, IL 62223
      View Details
    • $2,100,000
      25,188 SF

      Truck Terminal with Income Potential

      25,188 SF truck terminal with existing lease income.
      5920 Gateway Industrial Dr, Belleville, IL 62223
      View Details
    • $547,549
      16.76 Acres

      Belleville Commercial Land - 16.76 Acres

      Prime Commercial Development Site in Belleville, IL
      0 Illini Dr, Belleville, IL 62223
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      25,188 SF

      Belleville Warehouse For Sale

      Industrial space, multiple tenants, 15,643 SF vacant
      5920 Gateway Industrial Dr, Belleville, IL 62223
      View Details
    • Contact for pricing
      13,018 SF

      Belleville Retail Strip Center

      High-Visibility Retail Space Available
      1609 Main St, Belleville, IL 62223
      View Details
    • $17 SF/Yr
      2,630 SF

      Retail Space in Belleville, IL

      Retail space available for lease in Belleville, Illinois.
      3030 W Frank Scott Pkwy W, Belleville, IL 62223
      View Details
    • Contact for pricing
      1 SF

      Belleville, IL Commercial Land

      31 Acres, High-Traffic Location
      2622 Frank Scott Pkwy, Belleville, IL 62223
      View Details
    • $10 SF/Yr
      13,144 SF

      Belleville Office Space for Lease

      Professional office suites available with highway visibility and ample parking.
      7650 Magna Dr, Belleville, IL 62223
      View Details
    • $21 SF/Yr
      5,128 SF

      Belleville Office Suites Available

      Modern Suites, Ample Parking, Shared Amenities
      6500 Main St, Belleville, IL 62223
      View Details
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    Belleville, IL 62223
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    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
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