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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Industrial properties
105 Chessen Ave Wood River, IL 62095
Entity Owned
10-yr Hold
Free & Clear
Property ID
US28-3373312
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Total area
9,600 SF
Lot
8.35 ac (363,726 SF)
APN
19-1-08-20-00-000-002
UPID
US28-3373312
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
$610k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$910k
Owner & transaction history
Jaf Properties LLC · 10 yrs held
Jaf Properties LLC
since 2016
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 Wood River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wood River 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%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$800,000
Current use
COMMERCIAL (GENERAL)
$715,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$95 / 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 2013Property tax & assessments
Tax year 2013
Tax billed
$15,998
Tax year 2013
Assessed value
$372,740
Assessed 2023
Previous assessed
$372,740
+0.0% YoY
Effective rate
4.29%
On assessed value
Assessed land
$30,200
Assessed improvement
$342,540
Land market value
$90,600
Improvement market value
$1,027,621
Total market value
$1,118,221
Applied tax rate
151.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
NONE
Total area
9,600 SF
Lot
8.35 ac (363,726 SF)
APN
19-1-08-20-00-000-002
UPID
US28-3373312
Jurisdiction
MADISON
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
$800,000
COMMERCIAL (GENERAL)
Est. value
$715,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2005
Heating
NONE
Lot
8.35 ac
Current owner
From public records · entity-resolved
Jaf Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
105 CHESSEN LN, ALTON, IL 62002-2050
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
—
Firefly Development LLC
—
Deed
related
$2,000,000 · Busey Bank
Sep 2, 2020
—
Jaf Properties LLC
—
Deed
related
$350,000 · United Cmnty Bk
Jul 8, 2016
—
Jaf Properties LLC
—
Deed
related
$1,000,662 · Liberty Bank
Jan 19, 2016
—
Jaf Properties LLC
Fleming,jeffrey A
Warranty Deed
—
Nov 15, 2000
$70,000
Jeffrey A Fleming
Dale A Benner Estate
Grant Deed
$56,000 · Firstar Bank
—
—
Jeffrey A Fleming
—
Deed Of Trust
related
—
—
—
Jeffrey A Fleming
—
Deed Of Trust
related
—
—
—
Jeffrey A Fleming
—
Loan Modification
related
—
—
—
Jaf Properties LLC
—
Deed Of Trust
related
$350,000 · United Cmnty Bk
—
—
Jeffrey A Fleming
—
Deed Of Trust
related
$200,000 · Liberty 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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