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    Property profile & analytics

    Jerome Ln At Range Ln Cahokia, IL 62206

    • Grocery and convenience stores
    • 2,345 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    $405,000
    Show details
    Cap Rate Potential
    10%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US28-3312358
    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.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for Jerome Ln At Range Ln

    Year built
    1982
    Lot size
    0.31 lot acres
    Property size
    2,345 SF
    Property type
    Grocery and convenience stores
    APN
    06-02-0-211-020
    APU
    6020211020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $530,000
      6.5%
      $490,000
      7%
      $455,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cahokia
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.1653
    Latitude
    38.5669
    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
    2019
    $8,882
    $8,816
    $32,151
    $40,967
    -
    $26,448
    $96,453
    $122,901

    Comparable in this City

    • Value Estimation
      $360,000
      4,000 SF

      2913 Cp Jackson Rd

      CONVENIENCE STORE • 4,000 SF
      2913 Cp Jackson Rd, Cahokia, IL 62206-2814
      View Details
    • Value Estimation
      $475,000
      3,250 SF

      1117 Cp Jackson Rd

      CONVENIENCE STORE • 3,250 SF
      1117 Cp Jackson Rd, Cahokia, IL 62206-2229
      View Details
    • Value Estimation
      $415,000
      2,760 SF

      2201 Cp Jackson Rd

      CONVENIENCE STORE • 2,760 SF
      2201 Cp Jackson Rd, Cahokia, IL 62206-2547
      View Details
    • Value Estimation
      $245,000
      2,600 SF

      599 Water St

      CONVENIENCE STORE • 2,600 SF
      599 Water St, Cahokia, IL 62206-1607
      View Details
    • Value Estimation
      $55,000
      900 SF

      3120 Mississippi Ave

      CONVENIENCE STORE • 900 SF
      3120 Mississippi Ave, Sauget, IL 62206-1040
      View Details
    • Value Estimation
      $265,000
      1,200 SF

      526 State Rte 3rd 3

      CONVENIENCE STORE • 1,200 SF
      526 State Rte 3rd 3, Cahokia, IL 62206-1663
      View Details

    Similar Nearby for Sale

    • $189,000
      3,575 SF

      Retail Building on High-Traffic Corridor

      3,575 SF retail building on a high-traffic corridor.
      1411 Camp Jackson Rd, Cahokia, IL 62206
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    • $1,200,000
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      Sasak Plaza: Retail Investment

      Fully occupied, high-traffic retail center.
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    • $375,000
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      Cahokia Retail/Auto Shop Opportunity

      Retail or auto shop property for sale in Cahokia, IL.
      2205 Camp Jackson Rd, Cahokia, IL 62206
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    • $225,000
      4,704 SF

      Office/Warehouse with Rocked Yard

      4,704 SF office/warehouse with convenient highway access.
      3942 Mississippi Ave, East Saint Louis, IL 62206
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    • $2,860,000
      99,616 SF

      Cahokia Industrial Conversion Opportunity

      Former retail center being converted to light industrial use.
      1002-1100 Camp Jackson Rd, Cahokia, IL 62206
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    • $826,551

      Industrial Land in Sauget

      12.65 acres of industrial land with utilities and incentives.
      1643 Sauget Business Blvd, Sauget, IL 62206
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    Similar Nearby for Lease

    • $11 SF/Yr
      2,850 SF

      Renovated Retail Center on Highway

      Remodeled retail center with high visibility and traffic location.
      3315-3323 Mississippi Ave, Cahokia, IL 62206
      View Details
    • $10 SF/Yr
      108,979 SF

      Camp Jackson Retail Center

      High-traffic shopping center, space available
      1615 Camp Jackson Rd, Cahokia, IL 62206
      View Details
    • $11 SF/Yr
      15,225 SF

      Mississippi Ave Executive Office Space

      Cahokia Heights Office Suites - High Traffic Area
      3315 Mississippi Ave, Cahokia Heights, IL 62206
      View Details
    • Contact for pricing
      6,880 SF

      Camp Jackson Retail Space Available

      Regional shopping center with national tenants, part of St. Louis market.
      1643-1695 Camp Jackson Rd, Cahokia, IL 62206
      View Details
    • Contact for pricing

      Industrial Sites for Lease

      Industrial land suitable for warehouse, distribution, and light manufacturing.
      1667 Sauget Business Blvd, Sauget, IL 62206
      View Details
    • $4 SF/Yr
      99,616 SF

      Camp Jackson Road Industrial Space

      99,616 SF Warehouse, Flexible Space Available
      1002 Cp Jackson Rd, Cahokia Heights, IL 62206
      View Details
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    Jerome Ln At Range Ln
    Cahokia, IL 62206
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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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