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Property profile & analytics
OFF-MARKET
Hotels
1417 Neil St, Champaign, IL 61820-6529
Entity Owned
Free & Clear
Property ID
US28-1478843
Property profile
Verified
Property type
Hotels
Use group
HOTEL
APN
432013457016
UPID
US28-1478843
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
-
Homewood Suites by Hilton Champaign-Urbana Hotel & Motel Vacation Rental
-
Illini Hospitality Hotel & Motel
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
Witness Champaign II LLC
Witness Champaign II LLC
since 2025
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
$185,733
Tax year 2023
Assessed value
$2,059,600
Assessed 2023
Previous assessed
$1,900,000
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$562,780
Assessed improvement
$1,496,820
Land market value
$1,688,340
Improvement market value
$4,490,460
Total market value
$6,178,800
Applied tax rate
4,302.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
APN
432013457016
UPID
US28-1478843
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
Witness Champaign II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1503 LYNDON B JOHNSON FWY STE #300, DALLAS, TX 75234-6011
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$11,750,000
Witness Champaign II LLC
Mcr Champaign 2 LLC
Special Warranty Deed
—
Nov 20, 2024
—
Mcr Champaign 2 LLC
Mcr Champaign 2 LLC
Deed
$300,000,000 · Jpmorgan Chase Bank NA
Jul 14, 2022
—
Mcr Champaign 2 LLC
—
Deed
related
$370,000,000 · Wells Fargo Bank NA
Mar 29, 2018
$1,204,500
Mcr Development LLC
Illini Hospitality LLC
Special Warranty Deed
$2,800,000 · Bmo Harris Bank NA
Dec 22, 2010
—
Illini Hospitality LLC
—
Deed Of Trust
related
$1,000,000 · Busey Bank
Jul 11, 2007
—
Illini Hospitality LLC
—
Deed Of Trust
related
$9,000,000 · Busey Bank
Feb 8, 2007
—
Illini Hospitality LLC
—
Deed Of Trust
related
$10,500,000 · Busey Bk/rantoul
Nov 2, 2006
—
Illini Hospitality LLC
—
Trustees Deed
related
$500,000 · Busey Bank
Dec 20, 2005
—
Illini Hospitality LLC
—
Trustees Deed
related
$8,000,000 · Busey Bank
—
—
Illini Hospitality LLC
—
Deed Of Trust
related
$500,000 · Busey Bank
—
—
Illini Hospitality LLC
—
Loan Modification
related
$22,215,000 · Busey Bk
—
—
Illini Hospitality LLC
—
Loan Modification
related
$9,105,000 · Busey Bk
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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