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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Grocery and convenience stores
202 Pearl St, Tremont, IL 61568-7921
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-5665568
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Total area
6,452 SF
Lot
0.57 ac (24,829 SF)
APN
12-12-18-327-017
UPID
US28-5665568
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
-
Stop 24 CAR WASH Car Wash
-
Shell Gas Station
-
ATM Atm
-
Krispy Krunchy Chicken Restaurant
-
Athena Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$1.04M
Owner & transaction history
Mkd Properties LLC · 5 yrs held
Mkd Properties LLC
since 2021
Last sale
$1.1M
6 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 Tremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tremont 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
$980,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$655,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.10M (Mar 17 2021)
Last sale anchor
$1.10M
Mar 17 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
$161 / 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
$30,365
Tax year 2023
Assessed value
$388,090
Assessed 2023
Previous assessed
$388,090
+0.0% YoY
Effective rate
7.82%
On assessed value
Assessed land
$28,700
Assessed improvement
$359,390
Land market value
$86,100
Improvement market value
$1,078,170
Total market value
$1,164,270
Applied tax rate
12,006.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
6,452 SF
Lot
0.57 ac (24,829 SF)
APN
12-12-18-327-017
UPID
US28-5665568
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Mkd Properties LLC
Entity
Mailing address
24355 GOLDEN SUNSET DR, PLAINFIELD, IL 60585-5156
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
$1,075,000
Mkd Properties LLC
Narmada Retails LLC
Warranty Deed
—
Mar 17, 2021
$1,100,000
Tremont Pearl Partners LLC
Mkd Properties LLC
Warranty Deed
$825,000 · Morton Community Bank
Apr 1, 2020
—
Narmada Retails LLC
—
Deed
related
$161,135 · Morton Community Bank
Jul 1, 2016
$1,000,000
Narmada Retails LLC
Cd Properties LLC
Warranty Deed
$907,500 · Morton Community Bank
Oct 31, 2013
$1,579,500
Cd Properties LLC
Shreeji Oil INC
Warranty Deed
$120,454 · Morton Community Bank
Jul 1, 2005
$273,000
Shreeji Oil INC
Tremont Oil
Deed Of Trust
related
$1,225,000 · Tremont Oil Co
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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