New search
Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Drive through restaurants
6204 Illinois St, Fairview Heights, IL 62208-2717
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2371017
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2011
Total area
3,065 SF
Lot
0.91 ac (39,640 SF)
APN
03-27-0-300-045
UPID
US28-2371017
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$510k
Owner & transaction history
Beverly A Treece · 1 yrs held
Beverly A Treece
since 2024
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 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$166 / 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
$21,614
Tax year 2023
Assessed value
$319,583
Assessed 2023
Previous assessed
$319,583
+0.0% YoY
Effective rate
6.76%
On assessed value
Assessed land
$120,896
Assessed improvement
$198,687
Land market value
$362,688
Improvement market value
$596,061
Total market value
$958,749
Applied tax rate
8,042.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2011
Heating
NONE
Total area
3,065 SF
Lot
0.91 ac (39,640 SF)
APN
03-27-0-300-045
UPID
US28-2371017
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
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Lot
0.91 ac
Current owner
From public records · entity-resolved
Beverly A Treece
Individual
Free & Clear · 1 yrs held
Mailing address
3991 BASALT CT, LAFAYETTE, IN 47909-8481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 16, 2024
—
Beverly A Treece
Dk Commercial Real Estate LLC
Quit Claim Deed
related
—
Oct 24, 2017
—
Dk Commercial Real Estate LLC
Treece,richard K
Quit Claim Deed
related
—
Jul 25, 2011
—
Richard K Treece
Treece C M Living Trust
Quit Claim Deed
related
—
Jul 19, 2011
—
Jar Investment LLC
Roschman,betty L
Quit Claim Deed
related
—
Jun 30, 2011
—
Richard K Treece
Treece George L Trust B
Quit Claim Deed
related
—
Jan 6, 2011
—
Richard K Treece
Treece C M Living Trust
Quit Claim Deed
related
—
Mar 11, 2009
—
Roundhill Dev INC
Wildman,jean T
Quit Claim Deed
related
—
Jun 23, 2005
—
Jar Investment LLC
Roschman,john A & Betty L
Warranty Deed
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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