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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Commercial real estate
1600 Main St, Normal, IL 61761-1114
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5145171
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Total area
37,892 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B-1
APN
14-21-128-003
UPID
US28-5145171
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
-
Motel 6 Normal, IL - Bloomington Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.65M
Owner & transaction history
Jayram Hospitality INC · 1 yrs held
Jayram Hospitality INC
since 2024
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
B-1 · Normal, 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 Normal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Normal 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Sep 12 2024)
Last sale anchor
$1.65M
Sep 12 2024
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
$44 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$35,571
Tax year 2023
Assessed value
$415,616
Assessed 2023
Previous assessed
$415,616
+0.0% YoY
Effective rate
8.56%
On assessed value
Assessed land
$202,614
Assessed improvement
$213,002
Land market value
$607,843
Improvement market value
$639,007
Total market value
$1,246,850
Applied tax rate
3,001.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
ELECTRIC
Stories
2
Total area
37,892 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B-1
APN
14-21-128-003
UPID
US28-5145171
Jurisdiction
MCLEAN
Zoning & alternative use
B-1 · Normal, IL
Zoning B-1 · permitted uses
B-1 · Normal, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Normal. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
ELECTRIC
Stories
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
Jayram Hospitality INC
Entity
Mailing address
940 N CARLOW DR, DES PLAINES, IL 60016-8721
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
$1,650,000
Jayram Hospitality INC
Bmk Hotels LLC
Special Warranty Deed
$1,242,500 · State Bank Of Texas
Sep 7, 2016
—
Bmk Hotels LLC
—
Deed
related
$600,000 · Grand Ridge National Bank
Mar 7, 2016
$1,300,000
G6 Hospitality Real Estate LLC
Michael G Kaplan
Special Warranty Deed
—
Mar 7, 2016
$1,045,000
Bmk Hotels LLC
06 Hospitality Real Estate LLC
Special Warranty Deed
—
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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