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Property profile & analytics
OFF-MARKET
Commercial real estate
2-4 Frnt St, Newark, IL 60541
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-2056480
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
2,640 SF
Lot
0.69 ac (30,056 SF)
APN
07-06-282-001
UPID
US28-2056480
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
by Request
Owner & transaction history
Jordan Seanard · 11 yrs held
Jordan Seanard
since 2015
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,820
Tax year 2023
Assessed value
$46,000
Assessed 2023
Previous assessed
$45,768
+0.5% YoY
Effective rate
8.30%
On assessed value
Assessed land
$10,000
Assessed improvement
$36,000
Land market value
$30,000
Improvement market value
$108,000
Total market value
$138,000
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
Year built
1920
Heating
NONE
Total area
2,640 SF
Lot
0.69 ac (30,056 SF)
APN
07-06-282-001
UPID
US28-2056480
Jurisdiction
KENDALL
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
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
Year built
1920
Heating
NONE
Lot
0.69 ac
Current owner
From public records · entity-resolved
Jordan Seanard
Individual
Mailing address
2 E FRNT ST, NEWARK, IL 60541-4106
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2015
$93,000
Jordan Seanard
Old Second National Bank
Warranty Deed
$73,600 · The First National Bank Of Ottawa
Oct 8, 2014
—
Old Second Natl Bk
4 K Properties LLC
Grant Deed
—
Mar 21, 2007
$200,000
4 K Properties LLC
Wade,steven A & Doris J
Warranty Deed
$170,000 · Old Second National Bank
Jan 7, 2004
$190,000
Steven A Wade
Hopkins,daniel
Grant Deed
$140,000 · Castle Bank NA
Nov 10, 1998
$110,000
Daniel Hopkins
Stanford,larry N & Pamela A
Grant Deed
$40,000 · Bank Of Yorkville
—
—
Ak Properties LLC
—
Deed Of Trust
related
$1,271,000 · Old Second National Bank
—
—
Daniel Hopkins
—
Deed Of Trust
related
$68,000 · Champion Mortgage Co INC
—
—
Daniel Hopkins
—
Deed Of Trust
related
$5,000 · Bank Of Yorkville
—
—
Daniel Hopkins
—
Deed Of Trust
related
$20,000 · Farmers State Bank
—
—
Steven A Wade
—
Deed Of Trust
related
$143,000 · Eureka Savings Bank
—
—
Daniel Hopkins
—
Deed Of Trust
related
$27,500 · Farmers State Bank
—
—
Daniel Hopkins
—
Deed Of Trust
related
$79,940 · Farmers State Bank
—
—
Larry N Stanford
—
Deed Of Trust
related
$101,400 · National Lending Center INC
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.
Try Rey
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