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Property profile & analytics
OFF-MARKET
Estimated value
$26,830,000
Commercial real estate
1700 Hickory Grv Rd, Dunlap, IL 61525-9592
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5573326
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
11.62 ac (506,167 SF)
APN
09-29-104-005
UPID
US28-5573326
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
by Request
Blend (final)
Blend
$26.83M
Owner & transaction history
Timberland Peoria LLC · 1 yrs held
Timberland Peoria LLC
since 2025
Last sale
$27.3M
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 Dunlap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunlap 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
$25,905,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.83M
Range $24.15M – $29.51M · ±10% · vs last sale $27.29M (Apr 2 2025)
Last sale anchor
$27.29M
Apr 2 2025
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
$406,478
Tax year 2023
Assessed value
$4,537,270
Assessed 2023
Previous assessed
$3,130,350
+44.9% YoY
Effective rate
8.96%
On assessed value
Assessed land
$255,860
Assessed improvement
$4,281,410
Land market value
$767,580
Improvement market value
$12,844,230
Total market value
$13,611,810
Applied tax rate
177.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
11.62 ac (506,167 SF)
APN
09-29-104-005
UPID
US28-5573326
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
Lot
11.62 ac
Current owner
From public records · entity-resolved
Timberland Peoria LLC
Entity
Mailing address
5005 TOUHY AVE #2000, SKOKIE, IL 60077-3548
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
$27,289,787
Timberland Peoria LLC
Kp Il LLC
Warranty Deed
$19,409,000 · Northmarq Capital Finance LLC
Sep 27, 2023
$21,000,000
Kp Il LLC
Knoxville Pointe Owner LLC
Warranty Deed
$19,810,985 · Centier Bank
Jul 10, 2019
$10,084,500
Knoxville Pointe Owener LLC
Roco Knoxville Pointe LLC
Warranty Deed
$481,000 · Jp Morgan Chase Bank
Mar 7, 2017
$17,250,000
Roco-knoxville Pointe LLC
Knoxville Pointe Spe-1 LLC
Warranty Deed
$175,000,000 · Federal Home Loan Mtg Corp
Aug 21, 2012
—
Knoxville Pointe Spe-1 LLC
—
Deed Of Trust
related
$11,550,000 · Morton Community Bank
Nov 26, 2007
$5,792,000
Knoxville Pointe Spe-1 LLC
Knoxville Pointe Tic LLC
Warranty Deed
related
—
Oct 24, 2007
$15,710,000
Knoxville Pointe Tic LLC
Hickory Apartments LLC
Grant Deed
$11,550,000 · Pnc Bank
Dec 27, 2004
—
Creek Dev INC
—
Trustees Deed
related
$109,724 · Heartland Bank
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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