Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Commercial real estate
9669 State Rte 161 Fairview Heights, IL 62208-1658
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0221915
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1964
Construction
FRAME
Total area
9,702 SF
Lot
4.96 ac (216,058 SF)
APN
02-25-0-400-038
UPID
US28-0221915
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
$2.62M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
Aggregate 4 LLC · 2 yrs held
Aggregate 4 LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+82.9%
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
$2,335,000
ML approach
$2,615,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,405,000
Alternative Use
Use
Estimation
RESTAURANT
$1,945,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10% · vs last sale $2.50M (Oct 25 2023)
Last sale anchor
$2.50M
Oct 25 2023
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
$257 / 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
$50,417
Tax year 2023
Assessed value
$399,615
Assessed 2023
Previous assessed
$399,615
+0.0% YoY
Effective rate
12.62%
On assessed value
Assessed land
$27,883
Assessed improvement
$371,732
Land market value
$83,649
Improvement market value
$1,115,196
Total market value
$1,198,845
Applied tax rate
11,046.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
NONE
Buildings
2
Total area
9,702 SF
Lot
4.96 ac (216,058 SF)
APN
02-25-0-400-038
UPID
US28-0221915
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
$1.9M
RESTAURANT
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
1964
Construction
FRAME
Heating
NONE
Buildings
2
Lot
4.96 ac
Current owner
From public records · entity-resolved
Aggregate 4 LLC
Entity
Mailing address
6320 W LAMAR AVE STE #107, SHAWNEE MISSION, KS 66202-4268
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2023
$2,500,000
Aggregate 4 LLC
Div Clipper LLC
Special Warranty Deed
$4,410,000 · Tricentury Bank
May 27, 2022
$2,250,000
Div Clipper LLC
Three Arrowhead Properties LLC
Special Warranty Deed
$1,912,500 · Intrust Bank NA
Jul 9, 2018
—
Three Arrowhead Properties LLC
—
Deed
related
$848,000 · Midwest Reg'l Bk
Apr 21, 2014
$690,000
Three Arrowhead Properties LLC
Vernon L Goedecke Co INC
Grant Deed
$848,000 · Midwest Reg'l Bk
Jun 22, 2009
—
Keeley & Sons INC
Hess Real Estate LLC
Warranty Deed
related
—
Mar 20, 2009
$625,000
Vernon L Goedecke Co INC
Hess Real Estate LLC
Warranty Deed
$500,300 · Village Bank & Trust
Sep 30, 1998
—
Hess Real Estate LLC
Hess Partnership
Quit Claim Deed
related
—
Jun 25, 1998
—
Hess Partnership
—
Grant Deed
related
$200,000 · Umb Bank Of St Louis NA
—
—
Three Arrowhead Properties LLC
—
Loan Modification
related
$1,788,952 · Midwest Reg'l Bk
—
—
Three Arrowhead Properties LLC
—
Loan Modification
related
$890,052 · Midwest Reg'l Bk
—
—
Three Arrowhead Properties LLC
—
Loan Modification
related
$848,000 · Midwest Reg'l Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9669 State Rte 161?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
