Technical
Financial
Distress signals
Property profile

1833 Hovey Ave Normal, IL 61761

OFF-MARKET
Commercial real estate
Property ID
US28-0753100
31,380 SF 1.38 ac lot Built 1979
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1979
Total area 31,380 SF
Lot 1.38 ac (60,000 SF)
Zoning code M-1
APN 14-31-226-016
UPID US28-0753100

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor
  • Electrical Service General Contractor

Location

1833 Hovey Ave Normal, IL 61761-4315
Normal metro Census 302 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2020
Last sale
$450,000
2 recorded transactions
2020
$450,000
2009
$685,000

Zoning & alternative use

M-1 · Normal, IL
Zoning description

The intent of this M-1 Restricted Manufacturing District is to provide for industrial uses and land uses housed in light industrial types of buildings, all with an absence of objectionable external effects in areas that…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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