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Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Industrial properties
1410 11th W St Milan, IL 61264-2264
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-1485141
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
FRAME
Total area
71,000 SF
Lot
2.34 ac (101,930 SF)
Zoning code
MIL
APN
16-26-101-008
UPID
US28-1485141
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.75M
Owner & transaction history
Tealco LLC · 7 yrs held
Tealco LLC
since 2019
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,515,000
Current use
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±10%
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
$25 / 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
$73,238
Tax year 2022
Assessed value
$761,540
Assessed 2022
Previous assessed
$721,155
+5.6% YoY
Effective rate
9.62%
On assessed value
Assessed land
$23,167
Assessed improvement
$738,373
Land market value
$69,501
Improvement market value
$2,215,119
Total market value
$2,284,620
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
1999
Construction
FRAME
Heating
NONE
Stories
1
Total area
71,000 SF
Lot
2.34 ac (101,930 SF)
Zoning code
MIL
APN
16-26-101-008
UPID
US28-1485141
Jurisdiction
ROCK ISLAND
Zoning & alternative use
MIL · Milan, ILZoning MIL · permitted uses
MIL · Milan, IL
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
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
1999
Construction
FRAME
Heating
NONE
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Tealco LLC
Entity
Mailing address
1410 11TH ST W, MILAN, IL 61264-2264
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Tealco LLC
—
Deed
related
$7,000,000 · Bankorion
Oct 19, 2020
—
Tealco LLC
—
Deed
related
$7,000,000 · Bankorion
Jul 3, 2019
$6,046,703
Tealco LLC
Fifth Bucket LLC
Grant Deed
$4,000,000 · Bankorion
Jul 14, 2016
—
Fifth Bucket LLC
Moore Wendell H Trust
Grant Deed
—
Jul 11, 2016
—
Fifth Bucket LLC
Moore Wendell H Trust
Grant Deed
related
—
—
—
Tealco LLC
—
Deed Of Trust
related
$7,000,000 · Bankorion
—
—
Tealco LLC
—
Deed Of Trust
related
$7,000,000 · Bankorion
—
—
Tealco LLC
—
Loan Modification
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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