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    94th St Fairview Heights, IL 62208
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    Property profile & analytics

    94th St, Fairview Heights, IL 62208

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    • Industrial properties
    • 6,000 SF
    • 1.19 lot acres
    Off-Market
    Property ID
    US28-0215722
    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
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 94th St

    Year built
    1964
    Construction
    CONCRETE BLOCKS
    Lot size
    1.19 lot acres
    Property type
    Industrial properties
    APN
    02-25-0-400-027
    APU
    2250400027

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 25, 2017 — 11 French Village LLC As Adventure Family LP Warranty Deed · related —
    Jul 11, 2016 — As Adventure Family LP Alizadeh Family LP Warranty Deed · related —
    Dec 10, 2013 $180,000 Alizadeh Family LP Environmental Operations Of Il Grant Deed —
    Dec 20, 2012 — Environmental Operations Of Il Ll — Deed Of Trust · related $9M · Advantage Cap Cmnty Dev Fnd 24
    Jun 23, 2010 — Environmental Operations Of Il Ll Environmental Operations INC Quit Claim Deed · related —
    Jan 7, 2009 $355,000 Environmental Operations INC French Village Properties LLC Warranty Deed $266k · First Bank
    Jun 1, 2007 — French Village Properties LLC — Trustees Deed · related $36k · Associated Bank
    Jan 14, 2003 — French Village Properties LLC Shively Geotechnical INC Quit Claim Deed · related $216k · Associated Bank Illinois NA
    Mar 31, 1997 — Shively Geotechnical INC Shively Geotechnical Quit Claim Deed · related $167k · Magna Bank NA
    Sep 20, 1996 $55,000 Geotechnical Shively Jack B Buchanan Estate Trustees Deed $167k · Magna Bank NA
    — — Environmental Operations INC — Deed Of Trust · related $266k · First Bank
    — — Environmental Operations Of Il Ll — Deed Of Trust · related $9M · Advantage Cap Cmnty Dev Fund X
    — — French Village Properties LLC — Deed Of Trust · related $50k · Associated Bank
    — — Quantum Lndg LLC — Deed Of Trust · related $250k · Archetype Credit Opportunities
    — — French Village Properties LLC — Deed Of Trust · related $225k · Associated Bank
    — — Shively Geotechnical INC — Deed Of Trust · related $60k · First National Bank
    — — Shively Geotechnical INC — Deed Of Trust · related $100k · First National Bank
    — — Environmental Operations Of Il — Deed Of Trust · related $9M · Advantage Cap Cmnty Dev Fund X
    — — French Village Properties LLC — Deed Of Trust · related $232k · Associated Bank
    — — French Village Properties LLC — Deed Of Trust · related $950k · Midwest Bankcentre

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $645,000
      6.5%
      $595,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $563,000
      Market price range: $150k - $563k
      AI Estimate
      $479,000
      Market price range: $155k - $479k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0448
    Latitude
    38.5916
    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
    $10,467
    $11,883
    $71,082
    $82,965
    -
    $35,649
    $213,246
    $248,895

    Comparable in this City

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      13,049 SF

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      9510 St Clair Ave

      Distribution properties
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    • Value Estimation by Request
      37,000 SF

      9510 St Clair Ave

      Distribution properties
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    • Value Estimation
      $1,925,000
      8,222 SF

      10610 Lincoln Trl

      INDUSTRIAL (GENERAL)
      10610 Lincoln Trl, Fairview Heights, IL 62208-1914
      View Details
    • Value Estimation by Request
      0.40 Acres

      19 Pasadena Dr

      INDUSTRIAL (GENERAL)
      19 Pasadena Dr, Fairview Heights, IL 62208-1915
      View Details
    • Value Estimation by Request
      41,593 SF

      13 Executive Dr

      Flex space
      13 Executive Dr, Fairview Heights, IL 62208
      View Details

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      Fairview Heights Office Space Available

      1,680 SF office space for lease in Fairview Heights.
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      Vacant Land on Hwy 159

      Vacant land with highway frontage, development potential.
      7105 S Lake Dr, Fairview Heights, IL 62208
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      Corner Site Near Interstate 64

      2.69 acre site in high-growth corridor near Interstate 64.
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      Commercial Land on East/West Thoroughfare

      0.88 acres of commercial land in Fairview Heights, Illinois.
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    Similar Nearby for Lease

    • Contact for pricing

      Warehouse/Office Space For Lease

      Warehouse and office space available for lease near major interstates.
      9510 St Clair Ave, Fairview Heights, IL 62208
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    • Contact for pricing
      13,049 SF

      Retail with Warehouse Space

      13,049 SF retail/warehouse space available for lease.
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      3,683 SF

      Office/Flex Space For Rent

      Office and flex spaces available in Fairview Heights, Illinois.
      13 Executive Dr, Fairview Heights, IL 62208
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      10,314 SF

      Fairview Heights Office/Flex Space

      Turnkey office/flex space with warehouse in Fairview Heights Office Park.
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      Office/Flex Space Near St. Louis

      Premier business center offering flexible office and warehouse spaces.
      13 Executive Dr, Fairview Heights, IL 62208
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      33,000 SF

      Warehouse/Office Space For Lease

      Warehouse and office space available for lease near major routes.
      9510 Saint Clair Ave, Fairview Heights, IL 62208
      View Details
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    94th St
    Fairview Heights, IL 62208
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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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