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    6070 Revere Rd Clinton, IL 61727

    • Industrial properties
    • 5,000 SF
    • 0.85 lot acres
    For Sale
    View listing
    $249,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4578124
    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

    • Industrial properties

    Property Details for 6070 Revere Rd

    Year built
    1968
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property size
    5,000 SF
    Property type
    Industrial properties
    APN
    07-35-400-004
    APU
    735400004

    Description

    This exceptional 10,684-square-foot warehouse, situated on a 0.85-acre lot (37,026 sq ft) in Clinton, Illinois, presents a compelling investment opportunity. Located at 6070 Revere Rd, at the intersection of Route 10 and Revere Rd, this single-story, Class C industrial property boasts convenient access to major highways. Built in 1968, the building features one loading dock with one dock-high door and a 14-foot ceiling height. The property includes approximately 800 square feet of office space equipped with heat, air conditioning, and an 800-amp electrical service. The warehouse area is heated by hanging forced-air units. A building-wide sprinkler system is in place (currently drained). City utilities are readily available. The property is zoned I2 and offers a unique combination of features, making it ideal for a variety of uses. The asking price is $249,000, translating to $23.31 per square foot. This represents a rare opportunity to acquire a well-located warehouse at an attractive price point. The property's potential as a lease investment is also noteworthy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $365,000
      Current use
      COMMERCIAL (GENERAL)
      $450,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    De Witt
    State
    Illinois
    Longitude
    -88.9459
    Latitude
    40.1411

    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
    2023
    $3,551
    $4,668
    $55,597
    $60,265
    -
    $180,813
    $0.00
    $180,813

    Comparable in this City

    • Value Estimation by Request
      151,200 SF

      10670 Il-10

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      10670 Il-10, Clinton, IL 61727
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    • Value Estimation
      $260,000
      4.99 Acres

      Clinton, IL 61727

      INDUSTRIAL (GENERAL) • 4.99 Acres
      Clinton, IL 61727
      View Details
    • Value Estimation by Request

      1601 Main St

      INDUSTRIAL (GENERAL)
      1601 Main St, Clinton, IL 61727-1812
      View Details
    • Value Estimation by Request

      8401 Power Rd

      INDUSTRIAL (GENERAL)
      8401 Power Rd, Clinton, IL 61727-9182
      View Details
    • Value Estimation
      $345,000
      59.49 Acres

      10000 Tabor Rd

      INDUSTRIAL (GENERAL) • 59.49 Acres
      10000 Tabor Rd, Clinton, IL 61727-9645
      View Details
    • Value Estimation
      $290,000
      197.10 Acres

      Clinton, IL 61727

      INDUSTRIAL (GENERAL) • 197.10 Acres
      Clinton, IL 61727
      View Details

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    Similar Nearby for Lease

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      Retail and Workshop Space Available

      Retail and workshop space in the heart of Clinton, IL.
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    • Contact for pricing
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      Prime retail storefront; ample parking; adaptable space.
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    • $10 SF/Yr
      31,526 SF

      Clinton Plaza Retail Center

      Prime Retail Space Available in Clinton, IL
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      5,390 SF

      Retail Space in Clinton, Illinois

      Retail space available for lease in central Illinois.
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    • $12 SF/Yr
      1,872 SF

      Retail Space in Clinton Plaza

      Retail space available in Clinton, Illinois with high traffic.
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      View Details
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    6070 Revere Rd
    Clinton, IL 61727
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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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