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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Grocery and convenience stores
1040 Cp St, East Peoria, IL 61611-2012
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2729039
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Total area
5,464 SF
Lot
1.02 ac (44,431 SF)
APN
01-01-29-404-003
UPID
US28-2729039
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
$617k
Blend (final)
Blend
$690k
Owner & transaction history
City Of East Peoria · 5 yrs held
City Of East Peoria
since 2020
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 East Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Peoria 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
APARTMENT HOUSE (5+ UNITS)
$795,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: 0% · Conversion: Difficult
RESTAURANT
$455,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$126 / 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
$34,727
Tax year 2023
Assessed value
$358,730
Assessed 2023
Previous assessed
$358,730
+0.0% YoY
Effective rate
9.68%
On assessed value
Assessed land
$255,790
Assessed improvement
$102,940
Land market value
$767,370
Improvement market value
$308,820
Total market value
$1,076,190
Applied tax rate
1,013.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
5,464 SF
Lot
1.02 ac (44,431 SF)
APN
01-01-29-404-003
UPID
US28-2729039
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$795,000
MEDICAL BUILDING
Est. value
$485,000
RESTAURANT
Est. value
$455,000
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RESTAURANT
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
2001
Heating
NONE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
City Of East Peoria
Entity
Mailing address
1800 ATRIUM PKWY, NAPA, CA 94559-4837
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2020
$8,400
City Of East Peoria
Terra De Lincoln LLC
Warranty Deed
—
Jan 26, 2018
$1,900,000
Terra De Lincoln LLC
James May
Deed
—
Nov 21, 2017
$1,400,000
James May
Ktaap Properties LLC
Grant Deed
$1,120,000 · First Bankers Tr
Oct 31, 2014
$1,350,000
Ktaap Properties LLC
Morton Cmnty Bk
Grant Deed
$1,313,137 · Morton Cmnty Bk
Sep 12, 2007
—
Em Drake LLC
—
Trustees Deed
related
$3,034,823 · Morton Community Bank
Aug 9, 2006
$1,400,000
Em Drake LLC
Drake Associates
Warranty Deed
$1,600,000 · Main Street Bank & Trust
Jun 19, 2001
—
Peoria City (il)
Drake Associates LP
Grant Deed
related
—
Jan 29, 2001
—
Drake Associates Ltd
—
Grant Deed
related
$1,400,000 · Central Illinois Bank
May 9, 2000
$685,500
Drake Associates LP
Riverside Associates
Grant Deed
$548,333 · Central Illinois Bank
Jan 5, 2000
—
Riverside Associates
—
Deed Of Trust
related
$3,685,000 · Central Illinois Bank
—
—
Riverside Retail Of East Peoria
—
Deed Of Trust
related
$490,000 · Morton Community Bank
—
—
Em Drake LLC
—
Loan Modification
related
—
—
—
Em Drake LLC
—
Deed Of Trust
related
$1,604,909 · Morton Community Bank
—
—
Em Drake LLC
—
Deed Of Trust
related
$2,900,956 · Morton Community Bank
—
—
Em Drake LLC
—
Deed Of Trust
related
$650,213 · Morton Community Bank
—
—
Em Drake LLC
—
Deed Of Trust
related
$150,165 · Morton Community Bank
—
—
Em Drake LLC
—
Deed Of Trust
related
$600,000 · Main Street Bank & Trust
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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