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Property profile & analytics
OFF-MARKET
Industrial properties
1122 State Rte 3rd Ave 3, National Stock Yards, IL 62071
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1612708
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Construction
BRICK
Total area
26,956 SF
Lot
4.17 ac (181,645 SF)
APN
01-12-0-105-001
UPID
US28-1612708
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
by Request
Owner & transaction history
Fip Master Funding Xxiv LLC · 2 yrs held
Fip Master Funding Xxiv LLC
since 2023
Last sale
$13.0M
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 National Stock Yards submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National Stock Yards 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$27,453
Tax year 2023
Assessed value
$216,034
Assessed 2023
Previous assessed
$216,034
+0.0% YoY
Effective rate
12.71%
On assessed value
Assessed land
$16,462
Assessed improvement
$199,572
Land market value
$49,386
Improvement market value
$598,716
Total market value
$648,102
Applied tax rate
13,031.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1940
Construction
BRICK
Heating
NONE
Buildings
6
Total area
26,956 SF
Lot
4.17 ac (181,645 SF)
APN
01-12-0-105-001
UPID
US28-1612708
Jurisdiction
ST CLAIR
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
Year built
1940
Construction
BRICK
Heating
NONE
Buildings
6
Lot
4.17 ac
Current owner
From public records · entity-resolved
Fip Master Funding Xxiv LLC
Entity
Mailing address
2425 E CAMELBACK RD STE #800, PHOENIX, AZ 85016-4208
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$12,970,000
Fip Master Funding Xxiv LLC
Sbc National City LLC
Special Warranty Deed
$120,000,000 · Citibank NA
Sep 28, 2021
—
Sbc National City LLC
Sbc Holdings LLC
Quit Claim Deed
related
—
Jan 7, 2020
$3,300,000
Sbc Holdings LLC
Soho Investments INC
Correction Deed
related
—
Mar 5, 2019
$3,300,000
Sbc Holdings LLC
Soho Investments INC
Trustees Deed
related
$2,805,000 · Busey Bk
Apr 1, 2009
—
Soho Investment INC
—
Deed Of Trust
related
$5,600,000 · Southwest Bank
—
—
Soho Investments INC
—
Deed Of Trust
related
$2,000,000 · Southwest Bank Of St Louis
—
—
Dennis E Parker
—
Deed Of Trust
related
$15,000 · Citibank Fsb
—
—
Soho Investments INC
—
Deed Of Trust
related
$4,000,000 · St Louis Bank
—
—
Soho Investments INC
—
Deed Of Trust
related
$1,440,000 · Southern Commercial 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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