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    5020 Illinois 84 Thomson, IL 61285

    • Hotels
    For Sale
    View listing
    $1,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 5020 Illinois 84

    Year built
    1976
    Property type
    Hotels
    Property subtype
    Hospitality properties

    Description

    The Bowman Post Group of NewGen Advisory is excited to announce the exclusive listing of the SureStay by Best Western and Sand Burr Run Golf & Resort in Thomson, IL. This 48-room, two-story hotel features an interior corridor design and is a strategic investment due to its proximity to the Mississippi River. With its appeal to tourists seeking outdoor recreation, such as fishing, boating, and hiking in nearby natural areas with the town’s rural charm and affordable property prices, this investment present opportunities for growth, particularly with the expansion of local tourism and business travel. Location Description Thomson, IL, is known for its outdoor recreation opportunities, particularly at the nearby Mississippi River, which offers fishing, boating, and birdwatching. The Upper Mississippi River National Wildlife and Fish Refuge is a major attraction, ideal for nature lovers. Thomson is also home to the Big River State Forest, offering trails for hiking, camping, and hunting. Additionally, it’s close to historic sites like the Thomson Correctional Center and local farms, making it a peaceful getaway with a rural charm.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thomson
    County
    State
    Illinois
    Longitude
    -90.0992924
    Latitude
    41.9589158

    Comparable in this City

    • Value Estimation by Request
      24,336 SF

      5020 Il-84

      Motels • 24,336 SF
      5020 Il-84, Thomson, IL 61285
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    • Value Estimation by Request
      2.00 Acres

      5020 Illinois Rte 84

      HOTEL/MOTEL • 2.00 Acres
      5020 Illinois Rte 84, Thomson, IL 61285-7695
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    • Value Estimation by Request
      5,760 SF

      800 1st Mile Rd

      HOTEL/MOTEL • 5,760 SF
      800 1st Mile Rd, Thomson, IL 61285-7752
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    • Value Estimation by Request
      280 SF

      Riverview Rd

      MOBILE HOME PARK, TRAILER PARK • 280 SF
      Riverview Rd, Thomson, IL 61285
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    • Value Estimation by Request
      1.65 Acres

      5656 Riverview Rd

      MOBILE HOME PARK, TRAILER PARK • 1.65 Acres
      5656 Riverview Rd, Thomson, IL 61285-7569
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    • Value Estimation by Request
      4,686 SF

      5403 Riverview Rd

      MOBILE HOME PARK, TRAILER PARK • 4,686 SF
      5403 Riverview Rd, Thomson, IL 61285-7570
      View Details

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    5020 Illinois 84
    Thomson, IL 61285
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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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