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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Office Spaces
11475 2nd St, Machesney Park, IL 61115-1285
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-0526024
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
5,840 SF
Lot
1.45 ac (63,144 SF)
APN
08-09-351-004
UPID
US28-0526024
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
Current use
Occupant on record · Public records
-
Dr. Joshua L. Newman, MD Pediatrician Physician
-
Schuld Lisa Physician
-
Dr. Terry L. Strawser, MD Pediatrician Physician
-
Dr. Terry L. Buzzard, MD Pediatrician Physician
-
Sy Esther MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.64M
Owner & transaction history
Machesney 11475 LLC · 4 yrs held
Machesney 11475 LLC
since 2022
Last sale
$2.1M
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 Machesney Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Machesney Park 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
$1,470,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±10% · vs last sale $2.09M (Mar 4 2022)
Last sale anchor
$2.09M
Mar 4 2022
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
$281 / 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
$22,779
Tax year 2023
Assessed value
$260,569
Assessed 2023
Previous assessed
$237,658
+9.6% YoY
Effective rate
8.74%
On assessed value
Assessed land
$90,063
Assessed improvement
$170,506
Land market value
$270,189
Improvement market value
$511,518
Total market value
$781,707
Applied tax rate
133.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1996
Heating
CENTRAL
Stories
1
Total area
5,840 SF
Lot
1.45 ac (63,144 SF)
APN
08-09-351-004
UPID
US28-0526024
Jurisdiction
WINNEBAGO
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
1996
Heating
CENTRAL
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Machesney 11475 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11475 N 2ND ST, MACHESNEY PARK, IL 61115-1285
Ownership since
2022
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
Mar 4, 2022
—
Machesney 11475 LLC
Gateway 10 LLC
Quit Claim Deed
related
—
Jan 19, 2021
$2,085,000
Gateway 10 LLC
Broadstone Pic Illinois LLC
Special Warranty Deed
—
Apr 1, 2009
$1,530,588
Broadstone Pic Il LLC
Machesney Park Properties LLC
Warranty Deed
—
Aug 26, 2005
—
Machesney Park Properties LLC
Trust 28-3092
Grant Deed
—
Jan 17, 2005
$500,000
M T Lott LLC
Regal-beloit Corp
Quit Claim Deed
related
—
—
—
Machesney Park Properties LLC
—
Deed Of Trust
related
$1,400,000 · Associated Bank
—
—
Machesney Park Properties LLC
—
Deed Of Trust
related
$450,000 · Associated Bank
—
—
Chicago Title Land Tr Co Ttee
—
Deed Of Trust
related
$500,000 · Associated Bank Illinois NA
—
—
Trust 28-3092
—
Deed Of Trust
related
$1,000,000 · Associated Bank
—
—
Chicago Title & Trust Co Ttee
—
Deed Of Trust
related
$880,341 · First Of America Bank Illinois
—
—
Chicago Trust Co Trustee
—
Deed Of Trust
related
$550,000 · First Of America Bank Illinois
—
—
Broadstone Pic Illinois LLC
—
Deed Of Trust
related
$900,000 · Standard Insurance Co
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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