New search
Property profile & analytics
OFF-MARKET
Showrooms
2035 Olive St, Decatur, IL 62526-5136
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-4138469
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
0.69 ac (30,056 SF)
Zoning code
MUNICIPAL
APN
04-12-12-128-005
UPID
US28-4138469
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
Omarion Properties LLC · 2 yrs held
Omarion Properties LLC
since 2023
Last sale
$451,250
7 recorded transactions
Zoning & alternative use
MUNICIPAL · Decatur, IL
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$3,749
Tax year 2023
Assessed value
$37,666
Assessed 2023
Previous assessed
$50,855
-25.9% YoY
Effective rate
9.95%
On assessed value
Assessed land
$12,575
Assessed improvement
$25,091
Land market value
$37,729
Improvement market value
$75,281
Total market value
$113,010
Applied tax rate
4,055.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Lot
0.69 ac (30,056 SF)
Zoning code
MUNICIPAL
APN
04-12-12-128-005
UPID
US28-4138469
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Decatur, IL
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Decatur, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
0.69 ac
Current owner
From public records · entity-resolved
Omarion Properties LLC
Entity
Mailing address
101 S MAIN ST STE #800, DECATUR, IL 62523-1209
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2023
$451,250
Omarion Properties LLC
Robert C Tipsword Trust
Deed
—
May 24, 2021
—
Robert C Tipsword Trust
Robert C Tipsword
Warranty Deed
—
Jan 11, 2017
—
Robert C Tipsword
Decatur One Properties LLC
Warranty Deed
$144,000 · First Mid Illinois Bank & Trust NA
May 13, 2016
—
Decatur One Properties LLC
—
Deed
related
$10,322,400 · Morton Community Bank
Feb 14, 2011
$160,000
Decatur One Properties LLC
Sandra G Ullman
Warranty Deed
—
Feb 14, 2011
—
Decatur One Properties LLC
Marilyn L Ullman
Warranty Deed
—
Oct 16, 2009
—
Commercial Natioanl Bank Of Peoria
Chicago Title Land Trsut Com
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2035 Olive St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
