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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Residential income homes
2032 Westgate Dr, Pekin, IL 61554-2450
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-0489845
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1972
Total area
6,420 SF
Lot
1.71 ac (74,488 SF)
APN
04-04-36-106-023
UPID
US28-0489845
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
-
Westgate Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$980k
Owner & transaction history
Clear Capital Pekin · 3 yrs held
Clear Capital Pekin
since 2022
Last sale
$1.3M
5 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 Pekin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pekin 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
$905,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.25M (Sep 1 2022)
Last sale anchor
$1.25M
Sep 1 2022
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
$153 / 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
$28,283
Tax year 2023
Assessed value
$308,710
Assessed 2023
Previous assessed
$308,710
+0.0% YoY
Effective rate
9.16%
On assessed value
Assessed land
$43,280
Assessed improvement
$265,430
Land market value
$129,840
Improvement market value
$796,290
Total market value
$926,130
Applied tax rate
4,014.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
5
Stories
2
Units
2
Total area
6,420 SF
Lot
1.71 ac (74,488 SF)
APN
04-04-36-106-023
UPID
US28-0489845
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
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
2
Buildings
5
Units
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Clear Capital Pekin
Entity
Free & Clear · 3 yrs held
Mailing address
2700 CENTRAL RD, GLENVIEW, IL 60025-4135
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
—
Clear Capital Pekin
Clear Capital LLC
Intrafamily Transfer
related
—
Jul 31, 2019
$1,250,000
Clear Capital LLC
Buffalo Properties I LLC
Trustees Deed
$1,362,800 · Lima One Cap
Feb 23, 2009
$729,500
Buffalo Properties I LLC
Andrada,wilmer V
Warranty Deed
$918,000 · Morton Community Bank
Jun 1, 1999
$685,000
Wilmer V Andrada
Connor,ronald E & Barbara F
Grant Deed
$548,000 · Herget National Bank Of Pekin
—
—
Ronald E Connor
—
Deed Of Trust
related
$300,000 · Herget National Bk Of Pekin
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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