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    6405 Godfrey Rd Godfrey, IL 62035
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    6405 Godfrey Rd Godfrey, IL 62035

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    • Distribution centers
    • 4.87 lot acres
    For Sale
    $350,000
    View Listing →
    Commercial Lot in Godfrey, IL For Sale
    $350,000
    4.87 Acres

    Commercial Lot in Godfrey, IL

    Commercial land for sale, zoned B-5, high traffic location.

    6405 GODFREY Road, Godfrey, IL 62035
    View Listing
    Property ID
    US28-0671431
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 6405 Godfrey Rd

    Lot size
    4.87 lot acres
    Property type
    Distribution centers

    Description

    This exceptional 4.87-acre commercial lot, located at 6405 Godfrey Road in Godfrey, Illinois (zip code 62035), presents a unique investment opportunity. Currently zoned for commercial use (pending final approval from Godfrey Building & Zoning), this property offers a multitude of development possibilities. The land is wooded and boasts convenient access to Interstate 255, benefiting from an average daily traffic count of approximately 15,000 vehicles. Situated in Madison County, this parcel is serviced by municipal water and public sewer, ensuring essential utilities are readily available. The asking price is $350,000, with an annual tax assessment of $2,374. The proximity to a Walmart development further enhances the property's desirability and potential for significant return on investment. This is a blank canvas for a variety of commercial ventures, taking advantage of the high traffic volume and strategic location. The absence of existing structures allows for complete design flexibility, catering to a wide range of commercial needs. Don't miss this chance to acquire a substantial commercial lot in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Godfrey
    County
    Madison
    State
    Illinois
    Longitude
    -90.1899914
    Latitude
    38.9593244

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      Commercial Lot in Godfrey, IL

      Commercial land for sale, zoned B-5, high traffic location.
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      9.59 Acre Development Site

      Commercial land for development adjacent to I-255 and Godfrey Road.
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      Class A Office Space Available

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      View Details

    Similar Nearby for Sale

    • $749,000
      15.60 Acres

      Godfrey Warehouses and Land Parcel

      Two insulated warehouses on 15.6 acres with commercial potential.
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      View Details
    • $749,000
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      Versatile Land with Warehouse Buildings

      15.6 acres with two warehouse buildings and development potential.
      3808 Stanka Ln, Godfrey, IL 62035
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      Interstate Development Site on 9.59-Acre

      9.59-acre commercial site adjacent to I-255 and Godfrey Road.
      6701 Godfrey Rd, Godfrey, IL 62035
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    • $350,000
      4.87 Acres

      Commercial Lot in Godfrey, IL

      Commercial land for sale, zoned B-5, high traffic location.
      6405 Godfrey Rd, Godfrey, IL 62035
      View Details
    • Contact for pricing

      9.59 Acre Development Site

      Commercial land for development adjacent to I-255 and Godfrey Road.
      6701 Godfrey Rd, Godfrey, IL 62035
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space with receptionist, utilities included.
      1305 Dadrian Professional Park, Godfrey, IL 62035
      View Details

    Similar Nearby for Lease

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      Retail Space in Growing Community

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      Grocery Anchored Shopping Center Space

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      Commercial Land for Rent

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    • $730 /Mo

      Office Suites in Godfrey, IL

      Move-in ready office suites with private amenities and ample parking.
      1352 Dadrian Prof Park Dr, Godfrey, IL 62035
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    • $1,500 /Mo
      3,603 SF

      Class A Office Space Available

      Class A office space with receptionist, utilities, and conference room.
      1305 Dadrian Professional Park, Godfrey, IL 62035
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      2,050 SF office space in central Godfrey, Illinois.
      3001 Godfrey Rd, Godfrey, IL 62035
      View Details
    View Listing
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    Godfrey, IL 62035
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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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    6405 Godfrey Rd, Godfrey, IL, 62035
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