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Property profile & analytics
OFF-MARKET
Estimated value
$4,225,000
Flex space
1021 Birchwood St, Morton, IL 61550-9617
Entity Owned
~
Est. High Equity
Property ID
US28-1268070
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1963
Total area
109,343 SF
Lot
15.79 ac (687,812 SF)
APN
06-06-19-100-006
UPID
US28-1268070
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
$3.67M
Blend (final)
Blend
$4.23M
Owner & transaction history
Tiber Morton 1021 Holdings LLC
Tiber Morton 1021 Holdings LLC
since 2026
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.9M
+170.7%
Retail stores
$6.0M
+133.2%
Warehouse, storage
$4.7M
+81.9%
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 Morton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton 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
INDUSTRIAL (GENERAL)
$2,565,000
Current use
AUTO REPAIR, GARAGE
$6,935,000
Change: +171% · Conversion: Easy
RETAIL STORES
$5,975,000
Change: +133% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,660,000
Change: +82% · Conversion: Easy
Blend value · Realmo final
$4.23M
Range $3.80M – $4.65M · ±10% · vs last sale $4.50M (Jan 5 2026)
Last sale anchor
$4.50M
Jan 5 2026
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
$39 / 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
$128,447
Tax year 2023
Assessed value
$1,751,520
Assessed 2023
Previous assessed
$1,751,520
+0.0% YoY
Effective rate
7.33%
On assessed value
Assessed land
$247,460
Assessed improvement
$1,504,060
Land market value
$742,380
Improvement market value
$4,512,180
Total market value
$5,254,560
Applied tax rate
6,002.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1963
Heating
NONE
Buildings
2
Stories
1
Total area
109,343 SF
Lot
15.79 ac (687,812 SF)
APN
06-06-19-100-006
UPID
US28-1268070
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$4.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1963
Heating
NONE
Stories
1
Buildings
2
Lot
15.79 ac
Current owner
From public records · entity-resolved
Tiber Morton 1021 Holdings LLC
Entity
Mailing address
1021 W BIRCHWOOD ST, MORTON, IL 61550-9617
Ownership since
2026
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
Jan 5, 2026
$4,500,000
Tiber Morton 1021 Holdings LLC
Matcor Metal Fabrication Illinois I
Special Warranty Deed
—
Oct 8, 2025
—
People Of The State Of Illinois
Matcor Metal Fabrication Illinois I
Warranty Deed
—
Sep 28, 2009
—
Matcor Metal Fabrication Il
—
Deed Of Trust
related
$28,500,000 · Wachovia Cap Fin
Jul 8, 2009
$5,000,000
Matcor Metal Fabrication INC
Morton Metalcraft
Quit Claim Deed
related
—
Aug 30, 2006
—
Morton Metalcraft Co
—
Deed Of Trust
related
$62,000,000 · National City Bank
May 25, 2006
—
Morton Metalcraft Co
—
Deed Of Trust
related
$4,000,000 · Harris NA
Mar 14, 2003
—
Morton Metalcraft Co
—
Deed Of Trust
related
$32,965,419 · Harris Trust & Savings Bank Tt
Jan 20, 1998
—
Morton Metalcraft Co
—
Deed Of Trust
related
$35,000,000 · Harris Trust & Savings Bank
—
—
Morton Metalcraft Co
—
Deed Of Trust
related
$21,000 · Harris Trust & Savings Bank
—
—
Matcor Metal Fabrication Illi
—
Loan Modification
related
$42,000,000 · Wells Fargo Cap Fin
—
—
Morton Metalcraft Co
—
Deed Of Trust
related
$10,000,000 · Bmo Nesbitt Burns Capital Ttee
—
—
Morton Metalcraft Co
—
Deed Of Trust
related
$21,000,000 · Harris Trust & Savings Bank Tt
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.
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