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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Office Spaces
620 3rd St, Alton, IL 62002-6317
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-0717756
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1962
Total area
17,902 SF
Lot
0.38 ac (16,740 SF)
APN
23-2-07-13-05-103-008
UPID
US28-0717756
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
-
Ziemer USA Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$680k
Owner & transaction history
Waterfront Properties 38 LLC · 1 yrs held
Waterfront Properties 38 LLC
since 2025
Last sale
$650,000
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 Alton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alton 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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $650k (Jul 10 2024)
Last sale anchor
$650k
Jul 10 2024
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
$38 / 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
$7,427
Tax year 2022
Assessed value
$84,650
Assessed 2022
Previous assessed
$84,650
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$34,120
Assessed improvement
$50,530
Land market value
$102,462
Improvement market value
$151,742
Total market value
$254,204
Applied tax rate
891.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
2
Total area
17,902 SF
Lot
0.38 ac (16,740 SF)
APN
23-2-07-13-05-103-008
UPID
US28-0717756
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
1962
Heating
NONE
Buildings
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Waterfront Properties 38 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
620 E 3RD ST, ALTON, IL 62002-6317
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
—
Waterfront Properties 38 LLC
Ziemer USA INC
Deed
related
—
Dec 5, 2024
—
Waterfront Properties 38 LLC
Ziemer USA INC
Deed
related
—
Oct 10, 2024
$650,000
Waterfront Properties 38 LLC
Ziemer USA INC
Special Warranty Deed
—
Feb 28, 2012
$225,000
Ziemer USA INC
Gzk Us INC
Warranty Deed
—
Nov 7, 2011
—
Gzk Us INC
Gzk Real Estate Ltd
Quit Claim Deed
—
Jun 3, 2011
$220,000
Gzk Real Estate Ltd
Cornerstone Bk & Trust NA
Grant Deed
—
—
—
Physicians & Ltd
—
Deed Of Trust
related
$45,000 · Union Planters National 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.
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