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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Hotels
8787 Sasak Pl, Caseyville, IL 62232-2154
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-1593964
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Total area
6,883 SF
Lot
0.74 ac (32,234 SF)
APN
02-13-0-416-001
UPID
US28-1593964
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
$900k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Casey Hotel LLC · 3 yrs held
Casey Hotel LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$980,000
+123.5%
Commercial (general)
$690,000
+57.5%
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 Caseyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Caseyville 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
$875,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
RESTAURANT
$980,000
Change: +123% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.10M (Aug 11 2022)
Last sale anchor
$1.10M
Aug 11 2022
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
$134 / 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
$25,415
Tax year 2023
Assessed value
$178,264
Assessed 2023
Previous assessed
$178,264
+0.0% YoY
Effective rate
14.26%
On assessed value
Assessed land
$40,873
Assessed improvement
$137,391
Land market value
$122,619
Improvement market value
$412,173
Total market value
$534,792
Applied tax rate
11,016.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Heating
NONE
Stories
2
Total area
6,883 SF
Lot
0.74 ac (32,234 SF)
APN
02-13-0-416-001
UPID
US28-1593964
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
RESTAURANT
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$690,000
RESTAURANT
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
1999
Heating
NONE
Stories
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
Casey Hotel LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8787 SASAK PL, CASEYVILLE, IL 62232-2154
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$900,000
Casey Hotel LLC
157 & Progress Center INC
Special Warranty Deed
—
Aug 11, 2022
$1,100,000
Shri Chamunda LLC
Caseyville Hotels LLC
Warranty Deed
$926,500 · The Bank Of Edison
Apr 15, 2019
—
Rte 157 & Progress Center INC
—
Deed
related
$435,615 · Central Bk
Mar 1, 2012
—
Rte 157 & Progress Center INC
Patel,ankit
Quit Claim Deed
related
$435,615 · First Nat'l Bk/st Louis
Oct 16, 2007
—
Vinodbhai L Patel
Patel,amrut
Quit Claim Deed
related
—
—
—
Rte 157 & Progress Center INC
—
Loan Modification
related
$435,615 · Central Bk
—
—
Ankit Patel
—
Deed Of Trust
related
$777,000 · Reliance Bank
—
—
Rte 157 & Progress Center INC
—
Loan Modification
related
$435,615 · Central Bk/st Louis
—
—
Ankit Patel
—
Deed Of Trust
related
$777,000 · Reliance 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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