New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,680,000
Commercial real estate
Aster Ave, New Baden, IL 62265
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-3948825
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
1,920 SF
Lot
4.16 ac (181,210 SF)
Zoning code
51
APN
11-10-18-229-019
UPID
US28-3948825
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
$3.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Heatherlynn Estates Mhp LLC · 4 yrs held
Heatherlynn Estates Mhp LLC
since 2021
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
51 · New Baden, IL
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 New Baden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Baden 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
$3,570,000
ML approach
$3,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.68M
Range $3.31M – $4.05M · ±10% · vs last sale $3.82M (Dec 29 2021)
Last sale anchor
$3.82M
Dec 29 2021
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
$1,917 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,276
Tax year 2022
Assessed value
$81,920
Assessed 2022
Previous assessed
$79,540
+3.0% YoY
Effective rate
7.66%
On assessed value
Assessed land
$37,850
Assessed improvement
$44,070
Land market value
$113,550
Improvement market value
$132,210
Total market value
$245,760
Applied tax rate
11,002.0000
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
2000
Heating
NONE
Total area
1,920 SF
Lot
4.16 ac (181,210 SF)
Zoning code
51
APN
11-10-18-229-019
UPID
US28-3948825
Jurisdiction
CLINTON
Zoning & alternative use
51 · New Baden, IL
Zoning 51 · permitted uses
51 · New Baden, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Baden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
4.16 ac
Current owner
From public records · entity-resolved
Heatherlynn Estates Mhp LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 ENGLE ST STE #201, ENGLEWOOD, NJ 07631-2927
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$3,818,500
Heatherlynn Estates Mhp LLC
43p-heather Lynn LLC
Warranty Deed
—
Jul 27, 2020
$2,180,500
43p-heather Lynn LLC
Land 2 Trust
Grant Deed
$4,126,500 · Bank Of Belleville
Feb 1, 2017
—
Dbt Properties LLC
—
Grant Deed
related
$6,121,713 · First Nat'l Bk/waterloo
Jun 5, 2008
—
Boyce Tim A Land Trust 1
—
Deed Of Trust
related
$1,059,000 · Bank Of Edwardsville
—
—
Land Trust 1
—
Deed Of Trust
related
$900,000 · First National Bank St Louis
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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