Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,470,000
Strip malls
1 Washington Plz Washington, IL 61571
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-1633564
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Total area
50,806 SF
Lot
12.59 ac (548,420 SF)
APN
02-02-20-307-008
UPID
US28-1633564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.47M
Owner & transaction history
Washington Plaza Management LLC
Washington Plaza Management LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,505,000
Change: 0% · Conversion: Difficult
RESTAURANT
$4,435,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,830,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,600,000
Change: 0% · Conversion: Easy
RETAIL STORES
$3,460,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,225,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.47M
Range $4.02M – $4.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$36,720
Tax year 2023
Assessed value
$402,340
Assessed 2023
Previous assessed
$402,340
+0.0% YoY
Effective rate
9.13%
On assessed value
Assessed land
$307,030
Assessed improvement
$95,310
Land market value
$921,090
Improvement market value
$285,930
Total market value
$1,207,020
Applied tax rate
2,014.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
3
Stories
1
Units
6
Total area
50,806 SF
Lot
12.59 ac (548,420 SF)
APN
02-02-20-307-008
UPID
US28-1633564
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.5M
RESTAURANT
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Buildings
3
Units
6
Lot
12.59 ac
Current owner
From public records · entity-resolved
Washington Plaza Management LLC
Entity
Mailing address
810 W TRAILCREEK DR, PEORIA, IL 61614-1862
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2025
$2,183,600
Washington Plaza Management LLC
Sunnyland Development Partners LLC
Special Warranty Deed
—
Jan 20, 2021
—
Sunnyland Development Partners LLC
—
Deed
related
$2,600,000 · Citizens Equity First Cu
Jun 26, 2017
—
Sunnyland Dev Partners LLC
—
Deed
related
$75,000 · Citizens Equity First Cu
Sep 21, 2016
—
Sunnyland Dev Partners LLC
—
Deed
related
$2,751,623 · Citizens Equity First Cu
Oct 29, 2014
—
Servus INC
—
Grant Deed
related
$45,954,722 · Huntington Nat'l Bk
Sep 19, 2012
—
Sunnyland Dev Partners LLC
—
Trustees Deed
related
$600,000 · Citizens Equity First Cu
Dec 7, 2011
—
Sunnyland Dev Partners LLC
—
Trustees Deed
related
$900,000 · Citizens Equity First Cu
Aug 3, 2011
—
Sunnyland Dev Partners LLC
Acs Properties LLC
Quit Claim Deed
related
—
—
—
Sunnyland Dev Partners LLC
—
Deed Of Trust
related
$1,986,433 · Citizens Equity First Cu
—
—
Sunnyland Dev Partners LLC
—
Deed Of Trust
related
$2,751,623 · Citizens Equity First Cu
—
—
Sunnyland Dev Partners LLC
—
Deed Of Trust
related
$75,000 · Citizens Equity First Cu
—
—
Acs Properties LLC
—
Deed Of Trust
related
$650,000 · Oak Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1 Washington Plz?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
