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Property profile & analytics
FOR LEASE
Office Spaces
201 Devonshire Dr Champaign, IL 61820
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2457835
For Lease
1 / 10
$12 SF/Yr
201 Devonshire Dr, Champaign, IL 61820
View Listing →
Property summary
AI-generated overview
This exceptional 19,086 square foot Class B medical office building in Champaign, IL, offers a unique opportunity. Situated on 2.05 acres within Corporate Center Office Park, this single-story building boasts 86 parking spaces and is conveniently located near Neil Street, Willard Airport, downtown Champaign, and the University of Illinois. Built in 1995, the property features a welcoming reception area, 21 private offices, 9 open work areas, 6 conference rooms, a kitchen, server room with dedicated Liebert CRAC system and anti-static flooring, 4 restrooms, shipping/receiving area, and ample storage. The building is divisible into approximately 9,153 square feet and 9,933 square feet. It includes 3-phase power and an uninterruptible power system. The property is zoned CG (Commercial General) and has a total of two suites. Currently, 9,153 square feet of space is vacant. Landlord pays real estate taxes and building insurance
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Lot
2.4 ac (104,544 SF)
APN
452024401004
UPID
US28-2457835
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
-
WHMS Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Niemann Holdings LLC · 5 yrs held
Niemann Holdings LLC
since 2021
Last sale
$2.5M
3 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 Champaign submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Champaign 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
$2,580,000
ML approach
$2,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±10% · vs last sale $2.50M (Jul 9 2021)
Last sale anchor
$2.50M
Jul 9 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
$69,547
Tax year 2023
Assessed value
$771,210
Assessed 2023
Previous assessed
$711,450
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$157,990
Assessed improvement
$613,220
Land market value
$473,970
Improvement market value
$1,839,660
Total market value
$2,313,630
Applied tax rate
4,502.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Heating
NONE
Lot
2.4 ac (104,544 SF)
APN
452024401004
UPID
US28-2457835
Jurisdiction
CHAMPAIGN
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
2.4 ac
Current owner
From public records · entity-resolved
Niemann Holdings LLC
Entity
Mailing address
1501 N 12TH ST, QUINCY, IL 62301-1916
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
$2,500,000
Niemann Holdings LLC
Elveven Forteen Holdings LLC
Warranty Deed
$2,000,000 · Bankchampaign NA
Jun 17, 2021
—
Eleven Fourteen Holdings LLC
Aprkhill Devonshire LLC
Warranty Deed
—
Aug 24, 2020
—
Parkhill Devonshire LLC
Trust Number 031-938-921
Grant Deed
—
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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