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    The Largest CRE Database in the US with Over 1 Million Listings

    Jay Tamblyn, Bradley, IL

    License ID: 475131086
    Years of Experience
    14
    Association
    Kankakee-Iroquois-Ford Association Of Realtors Inc

    Contact details

    Phone:
    (815) 549-4301
    Office Address:
    29 Heritage Dr, Bourbonnais, IL, 60914

    Performance

    Listings
    27
    Total transactions
    134
    Total transactions amount
    $33M
    Price range
    $25k - 600k
    Average price
    $246k

    Listings

    For Sale (20)

    View map
    • $300,000
      5,487 SF

      Colfax Multifamily Investment Opportunity

      Ten-unit complex, USDA Section 515 program.
      320 Main St, Colfax, IL 61728
      View Details
    • $249,900
      5,200 SF

      Kankakee Mixed-Use Investment Property

      Six-unit income property, high traffic area.
      793 5Th Ave, Kankakee, IL 60901
      View Details
    • $215,000
      0.11 Acres

      Kankakee Multi-Family Investment

      Nine-unit rooming house with strong rental income.
      247 Merchant St, Kankakee, IL 60901
      View Details
    • $2,000,000
      4.94 Acres

      Prime Watseka Senior Housing Portfolio

      54 Units, 4.94 Acres, Excellent Condition
      551-564 Clarence Ave, Watseka, IL 60970
      View Details
    • $599,000
      6,144 SF

      Manteno Mixed-Use Building For Sale

      Spacious 6,144 sq ft building on 1.15 acres
      465 Mulberry St, Manteno, IL 60950
      View Details
    • $549,000
      14,640 SF

      Downtown Kankakee Office Building

      Spacious Office Building - Prime Location
      6 Dearborn Sq, Kankakee, IL 60901
      View Details
    • $99,000
      1,100 SF

      Kankakee Commercial Building - $99K

      1,100 SF building, great location. Ideal for business or storage.
      1357 Maple St, Kankakee, IL 60901
      View Details
    • $275,000
      35,575 SF

      Downtown Kankakee Commercial Property

      Prime Location, Office & Warehouse
      145 Indiana Ave, Kankakee, IL 60901
      View Details
    • $499,000
      43,000 SF

      Downtown Kankakee Office Building

      Spacious Office Building, Prime Location
      8 Dearborn Sq, Kankakee, IL 60901
      View Details
    • $1,700,000
      21,600 SF

      Bradley Office Building Investment

      21,600 SF Multi-Tenant Office, 2.75 Acres
      511 North St, Bradley, IL 60915
      View Details
    • $750,000

      Land For Sale Bourbonnais, IL

      Land available for sale in Bourbonnais, Illinois.
      1000 N Rd E, Bourbonnais, IL
      View Details
    • $150,000

      Prime Corner Commercial Land Parcel

      1.31 acre corner lot with high traffic volume.
      3570 E Sauk Trl, Sauk Village, IL 60411
      View Details
    • $499,000
      7,407 SF

      Kankakee Office Building For Sale

      7,407 SF office building in Kankakee, Illinois.
      130 S Dearborn Ave, Kankakee, IL 60901
      View Details
    • $3,250,000
      46,539 SF

      Manteno Industrial Warehouse For Sale

      46,539 SF industrial warehouse available in Manteno, Illinois.
      655 Mulberry St, Manteno, IL 60950
      View Details
    • $499,000
      43,000 SF

      Kankakee Office Building For Sale

      Office building with air conditioning available for purchase in Kankakee.
      8 Dearborn Sq, Kankakee, IL 60901
      View Details
    • $179,000

      Vacant Land for Sale

      Vacant land available for sale in Momence, Illinois.
      110 Stirling Pl, Momence, IL 60954
      View Details
    • Contact for pricing

      Land For Sale Peotone

      Land available for sale in Peotone, Illinois.
      8409 W Wilmington Rd, Peotone, IL 60468
      View Details
    • $549,900
      6,114 SF

      Mixed-Use Property with Leased Units

      Commercial and residential units with existing leases in place.
      465 Mulberry St, Manteno, IL 60950
      View Details
    • $249,900
      5,200 SF

      Retail Property in Kankakee, IL

      Retail property available for sale in Kankakee, Illinois.
      793-797 N 5Th Ave, Kankakee, IL 60901
      View Details
    • $649,000

      Land Near Bourbonnais Parkway Interchange

      Two-acre commercial land parcel near Bourbonnais Parkway interchange.
      770 E 6000N Rd N, Bourbonnais, IL 60914
      View Details

    For Lease (7)

    View map
    • Contact for pricing
      15,000 SF

      Kankakee Warehouse Space Available

      15,000 square foot warehouse space for lease in Kankakee.
      711 W Seneca St, Kankakee, IL 60901
      View Details
    • $10 SF/Yr
      1,000 SF

      Kankakee Office Space Available

      Office space available for rent in Kankakee, Illinois.
      1 Dearborn Sq, Kankakee, IL 60901
      View Details
    • $15 SF/Yr
      10,000 SF

      Kankakee Office Space Available

      Office space available for rent in Kankakee, Illinois.
      187 S Schuyler Ave, Kankakee, IL 60901
      View Details
    • $10 SF/Yr
      3,240 SF

      Bradley Retail Space Available

      Retail space available for lease in Bradley, Illinois.
      311 N Kinzie Ave, Bradley, IL 60915
      View Details
    • $11 SF/Yr
      1,178 SF

      Standard Office Space Available

      Office space with private offices, restrooms, and secure storage.
      160-190 S Locust St, Manteno, IL 60950
      View Details
    • $10 SF/Yr

      Prime Corner Office Space Available

      Office space for lease in high-traffic Bradley location.
      311 N Bradley Blvd, Bradley, IL 60915
      View Details
    • $15 SF/Yr

      Downtown Kankakee Office Space Available

      Ground floor office space in downtown Kankakee with high visibility.
      187 S Schuyler Ave, Kankakee, IL 60901
      View Details

    Leases and Sales on Map

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    Jay Tamblyn, Bradley, 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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    Jay Tamblyn, Bradley, IL
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