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    Aj Thoma Iii, Champaign, IL

    Coldwell Banker Commercial Devonshire Realty
    Association
    Champaign County Association Of Realtors

    Contact details

    Phone:
    (217) 520-3299
    Office Address:
    201 W. Springfield Avenue, Champaign, IL, 61820

    Performance

    Listings
    36

    Listings

    For Sale (13)

    View map
    • $6,500,000
      269,000 SF

      Industrial Property with Rail Access

      Industrial property featuring rail access and expansion potential.
      205 S Lierman Ave, Urbana, IL 61802
      View Details
    • $1,950,000
      28,312 SF

      401-407 N Franklin St, Danville, IL

      Office buildings • 28,312 SF
      401-407 N Franklin St, Danville, IL 61832
      View Details
    • $479,000
      17,007 SF

      Freestanding Office Building in Gibson

      17,007 SF office building in Gibson City, Illinois.
      402 N Sangamon Ave, Gibson City, IL 60936
      View Details
    • $650,000
      3,160 SF

      Freestanding Retail/Office Building for Lease

      Freestanding retail/office building in Champaign, subject to Savoy Zoning.
      2103 N Dunlap Ave, Champaign, IL 61820
      View Details
    • $840,068
      5,720 SF

      Decatur Office Building For Sale

      Office building in Decatur, Illinois, with established tenants.
      355-385 E Ash Ave, Decatur, IL 62526
      View Details
    • Contact for pricing
      1,625 SF

      Office/Warehouse Condo For Sale

      1,625 SF office/warehouse condo with 14’ clear heights.
      2810 Hundman Dr, Champaign, IL
      View Details
    • $619,200

      Champaign Industrial Land For Sale

      6.88 acre industrial land with subdivision potential.
      Champaign, IL
      View Details
    • Contact for pricing

      Retail Subdivision Land Available

      Retail subdivision for sale near I-74 in Danville, Illinois.
      Southgate Dr, Danville, IL 61832
      View Details
    • $785,000

      Urbana Pad Site For Sale

      3.56 AC pad site in Southeast Urbana.
      2002 E Windsor Ln, Urbana, IL 61802
      View Details
    • $425,000
      5,729 SF

      Champaign Freestanding Office Building For Sale

      Freestanding office building in Champaign, Illinois, with multiple suites.
      2108 W Springfield Ave, Champaign, IL 61821
      View Details
    • $195,000

      Commercial Lot on E Eldorado

      Retail/Office lot for sale in Decatur, Illinois.
      1103 E Eldorado St, Decatur, IL 62522
      View Details
    • $2,268,604

      Bloomington Development Site For Sale

      8.68 acre development site at Hamilton Rd & Morrissey Dr.
      E Hamilton Rd, Bloomington, IL 61704
      View Details
    • $1,211,306
      11,469 SF

      Decatur Office Investment Opportunity

      Office building for sale with three of four suites occupied.
      405-427 E Ash Ave, Decatur, IL 62526
      View Details

    For Lease (23)

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    • $24 SF/Yr
      670 SF

      Savoy Class A Office Space

      Class A office space featuring reception, offices, restroom, and kitchenette.
      411 N Clarendon Ct, Savoy, IL 61874
      View Details
    • $11 SF/Yr
      5,635 SF

      Class A Office Building

      Corporate office building with private offices, conference rooms, and parking.
      2215 Fox Dr, Champaign, IL 61820
      View Details
    • $12 SF/Yr
      1,495 SF

      West Champaign Flex Space Available

      Flex facility in west Champaign with office/warehouse space for lease.
      2714 W Clark Rd, Champaign, IL 61822
      View Details
    • $10 SF/Yr
      3,700 SF

      Flex Space in Lincoln Commerce

      Multi-tenant flex building with 14.5' clear heights.
      702 W Killarney St, Urbana, IL 61801
      View Details
    • $8 SF/Yr
      6,128 SF

      Retail Showroom Space Available

      6,128 SF retail showroom space for lease.
      106 S Country Fair Dr, Champaign, IL 61821
      View Details
    • Contact for pricing
      66,254 SF

      High-Tech Manufacturing, Office, and Lab

      State-of-the-art manufacturing, office, lab, and data center building for sublease.
      1604-1612 Rion Dr, Champaign, IL 61822
      View Details
    • $4,203 /Mo
      2,700 SF

      Office & Warehouse Rental Property

      Office and warehouse spaces available for lease in Champaign, IL.
      510 S Staley Rd, Champaign, IL 61822
      View Details
    • $5 SF/Yr
      10,825 SF

      Decatur Retail and Warehouse Space

      18,000 SF retail space with warehouse storage.
      2809-2825 N Main St, Decatur, IL 62521
      View Details
    • $17 SF/Yr
      1,900 SF

      Downtown Champaign Historic Office Space

      Office space in a historic downtown Champaign building.
      30 E Main St, Champaign, IL 61820
      View Details
    • $17 SF/Yr
      1,924 SF

      Class A Office Space

      Class A office space for lease in Champaign, Illinois.
      2918 Crossing Ct, Champaign, IL 61822
      View Details
    • $20 SF/Yr
      12,163 SF

      Spacious Retail Sublease Opportunity

      Large retail space available for sublease in Champaign, Illinois.
      105-107 W Green St, Champaign, IL 61820
      View Details
    • $1,867 /Mo
      800 SF

      Retail Space for Rent

      800 SF retail space available for rent.
      2828 N Main St, Decatur, IL 62526
      View Details
    • $10 SF/Yr
      3,627 SF

      West Champaign Flex Space Available

      Flex facility in west Champaign with multiple units for lease.
      2702 Hundman, Champaign, IL 61822
      View Details
    • $8 SF/Yr
      7,200 SF

      Retail Space Available For Lease

      7,200 SF retail space available for lease.
      1355-1377 E Street Rd N, Decatur, IL 62526
      View Details
    • $8 SF/Yr
      930 SF

      Retail Space with Ample Parking

      Retail space with high visibility, traffic, and interstate access.
      107-245 S Mattis Ave, Champaign, IL 61821
      View Details
    • $27 SF/Yr
      4,143 SF

      Downtown Champaign Retail Opportunity

      Redeveloped retail spaces in downtown Champaign, ranging from 1,782-5,990 SF.
      500 N Market St, Champaign, IL 61820
      View Details
    • $7 SF/Yr
      5,594 SF

      Office/Warehouse Building in Urbana

      5,600± SF office/warehouse building with flexible configuration.
      2704 N Cunningham Ave, Urbana, IL 61802
      View Details
    • $7 SF/Yr
      23,533 SF

      Champaign Warehouse with Drive-In Doors

      Warehouse space featuring multiple drive-in and dock-high doors.
      2901 Boardwalk Dr, Champaign, IL 61822
      View Details
    • $15 SF/Yr
      1,630 SF

      Freestanding Retail Building For Lease

      Two-tenant retail building in Decatur, Illinois available for lease.
      2891 N Water St, Decatur, IL 62526
      View Details
    • $24 SF/Yr
      811 SF

      Office Space in Champaign, IL

      811 SF office suite available for lease.
      801 N Country Fair Dr, Champaign, IL 61821
      View Details
    • $16 SF/Yr
      2,900 SF

      Retail Space Available for Lease

      Retail space with offices and open areas, suitable for various businesses.
      2860-2870 N Main St, Decatur, IL 62521
      View Details
    • $6 SF/Yr
      6,624 SF

      Decatur Showroom/Warehouse Space Available

      Freestanding showroom/warehouse building in central Decatur location.
      2802 N Main St, Decatur, IL 62526
      View Details
    • $19 SF/Yr
      2,520 SF

      Freestanding Retail Building For Lease

      Freestanding retail building with full kitchen available for lease.
      2805 N Main St, Decatur, IL 62521
      View Details

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    Aj Thoma Iii, Champaign, IL
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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.

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