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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Hotels
200 Eastlight Ct, East Peoria, IL 61611-2013
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1200292
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
13,530 SF
Lot
2.3 ac (100,188 SF)
APN
01-01-33-107-007
UPID
US28-1200292
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
$665k
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$620k
Owner & transaction history
East Peoria Hotel Partners LLC · 6 yrs held
East Peoria Hotel Partners LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+98.5%
Commercial (general)
$790,000
+53.0%
Warehouse, storage
$670,000
+29.3%
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 East Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$515,000
Current use
AUTO REPAIR, GARAGE
$1,025,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: +53% · Conversion: Difficult
WAREHOUSE, STORAGE
$670,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$46 / 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
$154,535
Tax year 2023
Assessed value
$1,596,350
Assessed 2023
Previous assessed
$1,596,350
+0.0% YoY
Effective rate
9.68%
On assessed value
Assessed land
$275,610
Assessed improvement
$1,320,740
Land market value
$826,830
Improvement market value
$3,962,220
Total market value
$4,789,050
Applied tax rate
1,013.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Heating
NONE
Stories
4
Total area
13,530 SF
Lot
2.3 ac (100,188 SF)
APN
01-01-33-107-007
UPID
US28-1200292
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$670,000
RETAIL STORES
Est. value
$645,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Stories
4
Lot
2.3 ac
Current owner
From public records · entity-resolved
East Peoria Hotel Partners LLC
Entity
Mailing address
10065 US HWY 98TH W, MIRAMAR BEACH, FL 32550-4924
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
East Peoria Hotel Partners LLC
—
Deed
related
$3,800,000 · First Horizon Bank
Aug 23, 2019
$6,600,000
East Peoria Hotel Partners LLC
Ncb Florida Real Est LLC
Warranty Deed
$4,600,000 · Citi Real Estate Funding INC
Sep 10, 2018
—
Ncb Florida Real Estate LLC
Sheriff Of Tazewell County|em Lodgings LLC
Trustees Deed
related
—
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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