Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1505 Patton Dr Mahomet, IL 61853-8115

    • Assisted living facilities
    • 76,108 SF
    OFF-MARKET
    Value Estimation
    $855,000
    Last Sale
    Oct 18, 2021
    $821,000
    Location Intelligence
    Property ID
    US28-1591364
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ann Graham / Occupational Therapist
    • Mary Dizon / Physical Therapist
    • Bridle Brook Assisted Living & Memory Care Community / Assisted Living Facility / Retirement Community

    Property Details for 1505 Patton Dr

    Property size
    76,108 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    151323101036
    APU
    151323101036

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $885,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $805,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $795,000
      Retail
      $880,000
      Mixed-Use
      $845,000
      Hospitality
      $705,000
      Educational
      $770,000
      Residential Income
      $865,000
      Energy
      $760,000
      Income-Based Land
      $840,000
      Food Service
      $740,000

    Location Insight

    • Map
    • Local Demand
    City
    Mahomet
    County
    Champaign
    State
    Illinois
    Longitude
    -88.3805
    Latitude
    40.1854
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $197,860
    $240,470
    $2,259,530
    $2,500,000
    -
    $721,410
    $6,778,590
    $7,500,000

    Comparable in this City

    • Value Estimation by Request
      41,020 SF

      1709 Division St

      HOMES (RETIRED, NURSING) • 41,020 SF
      1709 Division St, Mahomet, IL 61853-3745
      View Details
    • Value Estimation
      $395,000
      2,464 SF

      1504 Patton Dr Ste, Unit 1

      DENTAL BUILDING • 2,464 SF
      1504 Patton Dr Ste, Mahomet, IL 61853-8126
      View Details
    • Value Estimation by Request
      1,868 SF

      1504 Patton Dr Ste, Unit 3

      MEDICAL BUILDING • 1,868 SF
      1504 Patton Dr Ste, Mahomet, IL 61853-8126
      View Details
    • Value Estimation
      $280,000
      2,219 SF

      200 Eastwood Dr

      DENTAL BUILDING • 2,219 SF
      200 Eastwood Dr, Mahomet, IL 61853-7035
      View Details
    • Value Estimation by Request
      1,891 SF

      207 Oak St

      MEDICAL BUILDING • 1,891 SF
      207 Oak St, Mahomet, IL 61853-9663
      View Details
    • Value Estimation by Request
      2,157 SF

      1504 Patton Dr Ste, Unit 2

      MEDICAL BUILDING • 2,157 SF
      1504 Patton Dr Ste, Mahomet, IL 61853-8126
      View Details

    Similar Nearby for Sale

    • $490,000
      23.41 Acres

      Mahomet Land with Development Potential

      Over 22 acres in Mahomet, suitable for various development projects.
      205 S Ranch Ln, Mahomet, IL 61853
      View Details
    • $475,000
      7.00 Acres

      Mahomet Subdivision: 22 Lots

      7-Acre Development Opportunity in Mahomet, IL
      1715 Tin Cup Rd, Mahomet, IL 61853
      View Details
    • $475,000
      0.99 Acres

      Mahomet Commercial Land - $475K

      Prime 0.99-acre lot, I-74 proximity.
      603 Prairie View Rd, Mahomet, IL 61853
      View Details
    • Contact for pricing
      0.70 Acres

      Mahomet Commercial Land for Sale

      Prime Commercial Lots in Growing Mahomet, IL
      0 Farm Credit Dr, Mahomet, IL 61853
      View Details
    • $475,000

      Former Gas Station with Potential

      Former gas station on under an acre near Interstate.
      603 South Prairie View Rd, Mahomet, IL 61853
      View Details
    • $1,050,000
      1.00 Acre

      Prime Commercial Lot in Mahomet

      High-visibility 1-acre commercial lot near established national brands.
      700 Eastwood Dr, Mahomet, IL 61853
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      35,000 SF

      Mahomet Office Space: Coworking & More

      Prime Mahomet location, flexible suites, all utilities included.
      601 Main St, Mahomet, IL 61853
      View Details
    • $27 SF/Yr
      2,000 SF

      New Construction Retail/Office Space

      2,000 SF space with drive-thru, high visibility, easy access.
      1000 Purnell Dr, Mahomet, IL 61853
      View Details
    • $22 SF/Yr
      16,874 SF

      Churchill Commons Retail Space

      Mahomet, IL Retail Center - Prime Location
      1608 Patton Dr, Mahomet, IL 61853
      View Details
    • $14 SF/Yr
      2,873 SF

      Eastwood Center Retail/Office Suites

      Mahomet, IL Retail & Office Space
      804 Eastwood Dr, Mahomet, IL 61853
      View Details
    • Contact for pricing

      New Commercial Space For Lease

      Prime new construction commercial space with unmatched visibility and drive-thru.
      1002 Purnell Dr, Mahomet, IL 61853
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1505 Patton Dr
    Mahomet, IL 61853-8115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.