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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Industrial properties
1305 11th W St Milan, IL 61264-2260
Individually Owned
Free & Clear
Property ID
US28-1783624
Property summary
AI-generated overview
This exceptional 10,560-square-foot warehouse, located at 1305 11TH Street West in Milan, Illinois, presents a compelling investment opportunity. Built in 1994, this single-building property sits on a generous 1.92-acre lot and is zoned I-1. The warehouse features one 16' x 16' overhead door, ensuring efficient loading and unloading of goods. A significant advantage is the inclusion of a loading dock complete with seals, bumpers, and levelers, streamlining logistics and enhancing operational efficiency. Office space is also available within the building, providing a convenient workspace for administrative functions or management. The property is ready for occupancy on November 1, 2024. This well-maintained warehouse offers a practical and functional space ideal for a variety of industrial uses. Its strategic location in Milan, Illinois, within Rock Island County, and its ample size and features make it an attractive option for businesses seeking a versatile and efficient warehouse solution. The asking price is $0, and further details are available upon request.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Construction
FRAME
Total area
25,295 SF
Lot
1.92 ac (83,635 SF)
Zoning code
MIL
APN
16-26-101-011
UPID
US28-1783624
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
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$775k
Owner & transaction history
Applied Science & Technology Resear
Applied Science & Technology Resear
since 2025
Last sale
$775,000
5 recorded transactions
Zoning & alternative use
MIL · Milan, IL
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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
$690,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$895,000
Current use
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Dec 1 2022)
Last sale anchor
$775k
Dec 1 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
$31 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,134
Tax year 2022
Assessed value
$344,527
Assessed 2022
Previous assessed
$326,257
+5.6% YoY
Effective rate
9.62%
On assessed value
Assessed land
$19,009
Assessed improvement
$325,518
Land market value
$57,027
Improvement market value
$976,554
Total market value
$1,033,581
Applied tax rate
11,006.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1994
Construction
FRAME
Heating
NONE
Stories
1
Total area
25,295 SF
Lot
1.92 ac (83,635 SF)
Zoning code
MIL
APN
16-26-101-011
UPID
US28-1783624
Jurisdiction
ROCK ISLAND
Zoning & alternative use
MIL · Milan, IL
Zoning MIL · permitted uses
MIL · Milan, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$895,000
INDUSTRIAL (GENERAL) Current
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
1994
Construction
FRAME
Heating
NONE
Stories
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Applied Science & Technology Resear
Individual
Free & Clear · 0 yrs held
Mailing address
3885 ELMORE AVE STE #100, DAVENPORT, IA 52807-2580
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
$2,100,000
Applied Science & Technology Resear
Jjo LLC
Warranty Deed
—
Dec 1, 2022
—
Jjo LLC
Obros LLC
Quit Claim Deed
related
—
Oct 26, 2022
$775,000
Obros LLC
Karl R Lewis
Warranty Deed
—
Jul 29, 2009
—
Karl R Lewis
Lewis,michelle A
Quit Claim Deed
related
—
—
—
Karl R Lewis
—
Loan Modification
related
$630,000 · Quad City Bank & Trust 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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