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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
119 Jadewood St, Morton, IL 61550-2843
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2439745
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Total area
12,480 SF
Lot
4.05 ac (176,418 SF)
APN
06-06-29-100-006
UPID
US28-2439745
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
$1.20M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$1.20M
Owner & transaction history
Morton Mini Storage LLC · 1 yrs held
Morton Mini Storage LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+222.1%
Auto repair, garage
$1.1M
+76.4%
Commercial (general)
$1.0M
+71.8%
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 Morton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,935,000
Change: +222% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,060,000
Change: +76% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,030,000
Change: +72% · Conversion: Difficult
RESTAURANT
$880,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Sep 10 2024)
Last sale anchor
$1.20M
Sep 10 2024
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
$96 / 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
$32,333
Tax year 2023
Assessed value
$440,890
Assessed 2023
Previous assessed
$440,890
+0.0% YoY
Effective rate
7.33%
On assessed value
Assessed land
$149,650
Assessed improvement
$291,240
Land market value
$448,950
Improvement market value
$873,720
Total market value
$1,322,670
Applied tax rate
6,002.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Buildings
3
Stories
1
Total area
12,480 SF
Lot
4.05 ac (176,418 SF)
APN
06-06-29-100-006
UPID
US28-2439745
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
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$880,000
RETAIL STORES
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1984
Heating
NONE
Stories
1
Buildings
3
Lot
4.05 ac
Current owner
From public records · entity-resolved
Morton Mini Storage LLC
Entity
Mailing address
119 W JADEWOOD ST, MORTON, IL 61550-2843
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$1,200,000
Morton Mini Storage LLC
Thomas N Stanesa JR
Deed
$500,000 · Thomas N Stanesa JR Trust
Jan 11, 2019
—
Stanesa,thomas N JR Trust
Stanesa,thomas N JR
Quit Claim Deed
related
—
—
—
Thomas N Stanesa
—
Deed Of Trust
related
$221,982 · Morton Community Bank
—
—
Thomas N Stanesa
—
Deed Of Trust
related
$511,518 · Morton Community Bank
—
—
Thomas N Stanesa
—
Deed Of Trust
related
$502,000 · Morton Community Bank
—
—
Thomas N Stanesa
—
Deed Of Trust
related
$106,000 · Morton Community Bank
—
—
Thomas N Stanesa
—
Deed Of Trust
related
$325,000 · Morton Community 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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