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Property profile & analytics
OFF-MARKET
Estimated value
$5,775,000
Commercial real estate
1028 Hillcrest Dr, Chillicothe, IL 61523-2258
Entity Owned
~
Est. High Equity
Property ID
US28-1950013
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
4.91 ac (213,880 SF)
APN
05-29-376-016
UPID
US28-1950013
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
$5.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.78M
Owner & transaction history
Arc At Chillcothe LLC
Arc At Chillcothe LLC
since 2025
Last sale
$5.7M
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 Chillicothe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chillicothe 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
$5,785,000
ML approach
$5,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.78M
Range $5.20M – $6.35M · ±10% · vs last sale $5.75M (Jul 12 2023)
Last sale anchor
$5.75M
Jul 12 2023
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
—
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
$101,621
Tax year 2023
Assessed value
$1,233,330
Assessed 2023
Previous assessed
$1,113,280
+10.8% YoY
Effective rate
8.24%
On assessed value
Assessed land
$77,910
Assessed improvement
$1,155,420
Land market value
$233,730
Improvement market value
$3,466,260
Total market value
$3,699,990
Applied tax rate
102.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
4.91 ac (213,880 SF)
APN
05-29-376-016
UPID
US28-1950013
Jurisdiction
PEORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
4.91 ac
Current owner
From public records · entity-resolved
Arc At Chillcothe LLC
Entity
Mailing address
4655 W CHASE AVE, LINCOLNWOOD, IL 60712-1605
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Arc At Chillcothe LLC
Arc 6 Master Tenant LLC
Deed
related
$1,148,820 · Walker & Dunlop LLC
Jul 12, 2023
$5,748,500
1028 Hillcrest Dr LLC
Heritage Manor Real Estate LLC
Special Warranty Deed
$5,000,000 · Oxford Finance LLC
Dec 28, 2020
—
Heritage Manor Real Estate LLC
—
Deed
related
—
Sep 16, 2020
—
Heritage Manor Real Estate LLC
—
Deed
related
—
Jun 12, 2020
—
I Heritage Mnr R & E LLC
—
Deed
related
—
Sep 27, 2019
—
Heritage Manor Real Estate LLC
—
Deed
related
—
Aug 21, 2007
—
Heritage Mnr R/e LLC Chillicot
Heritage Ents INC
Quit Claim Deed
related
$9,155,012 · Busey Bank
Jun 12, 1998
—
Heritage Enterprises INC
Illinois Care INC
Grant Deed
$3,460,000 · First Of America Bank Illinois
—
—
Heritage Manor Real Estate LLC
—
Loan Modification
related
—
—
—
Heritage Manor Real Estate LLC
—
Deed Of Trust
related
—
—
—
I Heritage Mnr R & E LLC
—
Loan Modification
related
—
—
—
Heritage Manor Real Estate LLC
—
Loan Modification
related
—
—
—
Heritage Manor Real Estate LLC
—
Loan Modification
related
—
—
—
Heritage Manor Real Estate LLC
—
Deed Of Trust
related
$316,000 · Busey 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.
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