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    Property profile & analytics

    Troy, IL 62294

    • Commercial land
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 03, 2022
    $290,000
    Location Intelligence
    Property ID
    US28-3321223
    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

    • Commercial land

    Property Details

    Lot size
    0.12 lot acres
    Property type
    Commercial land
    APN
    09-2-22-07-08-201-063
    APU
    92220708201063

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Madison
    State
    Illinois
    Longitude
    -89.9154
    Latitude
    38.732
    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
    2022
    $487
    $6,520
    $0.00
    $6,520
    -
    $19,580
    $0.00
    $19,580

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      116 Main St

      VACANT COMMERCIAL LAND • 0.08 Acres
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    • Value Estimation by Request
      0.19 Acres

      162 State Rte

      VACANT COMMERCIAL LAND • 0.19 Acres
      162 State Rte, Troy, IL 62294
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    • Value Estimation by Request
      0.08 Acres

      Ctr St

      VACANT COMMERCIAL LAND • 0.08 Acres
      Ctr St, Troy, IL 62294
      View Details
    • Value Estimation by Request
      0.56 Acres

      909 Cherry Ln

      VACANT COMMERCIAL LAND • 0.56 Acres
      909 Cherry Ln, Troy, IL 62294-3157
      View Details
    • Value Estimation by Request
      2.10 Acres

      2235 Formosa Rd

      VACANT COMMERCIAL LAND • 2.10 Acres
      2235 Formosa Rd, Troy, IL 62294-3171
      View Details
    • Value Estimation by Request
      2.10 Acres

      2211 Formosa Rd

      VACANT COMMERCIAL LAND • 2.10 Acres
      2211 Formosa Rd, Troy, IL 62294-3171
      View Details

    Similar Nearby for Sale

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    • $64,000
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      4.00 Acres

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      Industrial Land: Prime Troy Location
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    Similar Nearby for Lease

    • Contact for pricing
      466,280 SF

      Plummer Business Park: Industrial Land

      21.5-acre industrial park; build-to-suit options.
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    • $14 SF/Yr
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      Troy Shopping Center: Executive Suites

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      4,800 SF

      Downtown Troy Warehouse Opportunity

      Prime Troy location, multiple spaces available
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    • $14 SF/Yr
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      Retail space available in highly visible location.
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    • $2,300,000
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      Office/Retail Building with Leasing Potential

      12,040 SF building with existing leases and available space.
      7354 State Route 162, Troy, IL 62294
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    Realmo Value Estimation

    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.

    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.

    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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