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Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Office Spaces
1212 Broadway, Highland, IL 62249-1918
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1990635
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Total area
11,304 SF
Lot
0.35 ac (15,050 SF)
APN
01-2-24-05-08-201-043
UPID
US28-1990635
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
$2.51M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Anderson Real Estate LLC · 3 yrs held
Anderson Real Estate LLC
since 2022
Last sale
$2.3M
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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$2,460,000
ML approach
$2,510,000
CAP Approach
CAP Return
Estimation
6%
$1,840,000
6.5%
$1,700,000
7%
$1,575,000
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10% · vs last sale $2.27M (Aug 12 2022)
Last sale anchor
$2.27M
Aug 12 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
$211 / 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
$20,052
Tax year 2013
Assessed value
$285,930
Assessed 2022
Previous assessed
$285,930
+0.0% YoY
Effective rate
7.01%
On assessed value
Assessed land
$21,940
Assessed improvement
$263,990
Land market value
$65,886
Improvement market value
$792,763
Total market value
$858,649
Applied tax rate
2.0000
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
1976
Heating
NONE
Total area
11,304 SF
Lot
0.35 ac (15,050 SF)
APN
01-2-24-05-08-201-043
UPID
US28-1990635
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
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
Anderson Real Estate LLC
Entity
Mailing address
6810 STATE RTE 162ND STE #215, MARYVILLE, IL 62062-8566
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
Aug 12, 2022
$2,273,000
Anderson Real Estate LLC
Downtown Medical Properties LLC
Warranty Deed
$1,818,400 · Busey Bank
Oct 4, 2011
—
Downtown Medical Props LLC
—
Deed Of Trust
related
$1,275,000 · First Mid Illinois Bk & Tr NA
Sep 30, 2003
—
Downtown Medical Properties
—
Deed Of Trust
related
$1,300,000 · First Mid Illinois Bk & Tr NA
Oct 22, 2001
$94,480
Downtown Medical Properties
Elaine A Stratton Trustee
Grant Deed
$700,000 · First Mid Illinois Bk & Tr NA
Sep 17, 2001
$105,000
Downtown Medical Properties
Stratton,elaine A
Grant Deed
$700,000 · First Mid Illinois Bk & Tr NA
Sep 17, 2001
—
Downtown Medical Properties
Fulton,roger L
Grant Deed
related
—
Sep 17, 2001
$100,000
Debra A Fulton
Fulton,debra A
Grant Deed
related
—
Aug 16, 2000
$62,500
Debra A Fulton
Edward L Hediger Estate
Grant Deed
—
Aug 15, 1997
$96,000
Debra A Fulton
Chaney,judith A
Quit Claim Deed
related
$145,809 · Central Bank & Trust
—
—
Edward L Hediger
—
Deed Of Trust
related
$73,198 · Central Bank
—
—
Edward L Hediger
—
Deed Of Trust
related
$56,595 · Central Bank
—
—
Downtown Medical Properties
—
Deed Of Trust
related
$600,000 · First Mid Illinois Bk & Tr NA
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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