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Property profile & analytics
FOR SALE
Commercial real estate
1610 W Altorfer Dr, Peoria, IL 61615
Entity Owned
5-yr Hold
Free & Clear
Property ID
US28-5799449
For Sale
1 / 7
$2,637,914
1610 W Altorfer Dr, Peoria, IL 61615
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
APN
14-05-352-027
UPID
US28-5799449
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
-
WCR Incorporated Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Lre Peoria LLC · 5 yrs held
Lre Peoria LLC
since 2021
Last sale
$1.7M
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 Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peoria 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
$1,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Apr 29 2021)
Last sale anchor
$1.70M
Apr 29 2021
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
—
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
$30,710
Tax year 2023
Assessed value
$356,770
Assessed 2023
Previous assessed
$356,030
+0.2% YoY
Effective rate
8.61%
On assessed value
Assessed land
$67,630
Assessed improvement
$289,140
Land market value
$202,890
Improvement market value
$867,420
Total market value
$1,070,310
Applied tax rate
21.0000
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
For Sale
Heating
NONE
APN
14-05-352-027
UPID
US28-5799449
Jurisdiction
PEORIA
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
Lre Peoria LLC
Entity
Free & Clear · 5 yrs held
Mailing address
418 CLIFTON AVE STE #200, LAKEWOOD, NJ 08701-3749
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
Lre Peoria LLC
—
Deed
related
$3,308,819 · The Huntington National Bank
May 3, 2021
—
Lre Peoria LLC
—
Deed
related
$2,750,000 · Tcf National Bank
Apr 29, 2021
$1,700,000
Lre Peoria LLC
Radical Limited Partnership
Special Warranty Deed
—
Apr 30, 2015
—
Radical LP
Green Global Energy LLC
Quit Claim Deed
related
—
Apr 23, 2012
—
Green Global Energy LLC
Sheriff Of County Of Peoria
Grant Deed
related
—
Aug 14, 2007
—
Globe Energy Eco-system LLC
—
Deed Of Trust
related
$2,400,000 · Busey Bank
Feb 12, 2007
—
Globe Energy Eco-system LLC
—
Trustees Deed
related
$150,000 · Busey Bank
May 31, 2006
$600,000
Globe Energy Eco-system LLC
Pitcher LLC
Warranty Deed
—
Sep 16, 1999
—
Pitcher LLC
Pitcher Trust
Quit Claim Deed
related
—
Jan 17, 1997
—
Pitcher Trust
Chicago Trust Co Trustee
Grant Deed
related
—
—
—
Globe Energy Eco-system LLC
—
Deed Of Trust
related
$150,000 · County Of Peoria
—
—
Globe Energy Eco-system LLC
—
Deed Of Trust
related
$2,000,000 · Busey Bank
—
—
Globe Energy Eco-systems LLC
—
Deed Of Trust
related
$150,000 · Busey Bank
—
—
Globe Energy Eco-system LLC
—
Deed Of Trust
related
$759,515 · J P Morgan Chase Bank
—
—
Globe Energy Eco-system LLC
—
Deed Of Trust
related
$150,000 · Peoria City (il)
—
—
Pitcher LLC
—
Deed Of Trust
related
$1,400,000 · National City Bank Michigan/il
—
—
Pitcher LLC
—
Deed Of Trust
related
$295,000 · National City Bank Michigan/il
—
—
Charles D Pitcher
—
Deed Of Trust
related
$477,000 · Bank One Illinois NA
—
—
Chicago Title & Trust Co Ttee
—
Deed Of Trust
related
$115,000 · Bank One NA
—
—
Charles D Pitcher Trustee
—
Deed Of Trust
related
$246,036 · Bank One Illinois NA
—
—
Globe Energy Eco-system LLC
—
Deed Of Trust
related
$1,087,500 · Busey Bank
—
—
Globe Energy Eco-system LLC
—
Deed Of Trust
related
$889,000 · Illinois Business Fin'l Svcs
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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