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Property profile & analytics
FOR SALE
Commercial real estate
1205 S Mattis Ave Champaign, IL 61821
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US28-2440313
For Sale
1 / 38
$850,000
1205 S Mattis Ave, Champaign, IL 61821
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
APN
442015432017
UPID
US28-2440313
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
-
Noy Tailoring & Alterations (Bike/Boat/Book/etc) Store
-
Perfectionist Dry Cleaning & Laundromat Hardware & Home Improvement
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
Noval Hong · 26 yrs held
Noval Hong
since 2000
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 Champaign submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Champaign 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
$12,107
Tax year 2023
Assessed value
$134,260
Assessed 2023
Previous assessed
$123,860
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$46,870
Assessed improvement
$87,390
Land market value
$140,610
Improvement market value
$262,170
Total market value
$402,780
Applied tax rate
4,402.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
NONE
APN
442015432017
UPID
US28-2440313
Jurisdiction
CHAMPAIGN
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
Heating
NONE
Current owner
From public records · entity-resolved
Noval Hong
Individual
Mailing address
1205 S MATTIS AVE, CHAMPAIGN, IL 61821-4859
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
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
Oct 11, 2016
—
Man Hong Novel
—
Deed
related
$77,118 · Busey Bank
Jan 20, 2000
$350,000
Noval Hong
Vaughn Trust
Grant Deed
$330,000 · Busey Bank
—
—
Novel M Hong
—
Deed Of Trust
related
$16,000 · Busey Bank
—
—
Novel Hong
—
Deed Of Trust
related
$123,891 · Busey Bank
—
—
Novel M Hong
—
Deed Of Trust
related
$5,000 · Busey Bank
—
—
Noval Hong
—
Deed Of Trust
related
$141,000 · Prairie State Bank & Trust
—
—
Novel M Hong
—
Deed Of Trust
related
$136,000 · Busey Bank
—
—
Novel M Hong
—
Deed Of Trust
related
$6,000 · Busey Bank
—
—
Novel Hong
—
Deed Of Trust
related
$25,000 · Busey Bank
—
—
Novel Hong
—
Deed Of Trust
related
$67,000 · Busey 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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