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Property profile & analytics
OFF-MARKET
Warehouses
206 Derby St, Pekin, IL 61554-5504
Individually Owned
~
Est. High Equity
Property ID
US28-5855723
Property summary
AI-generated overview
This 2,000-square-foot flex space, located at 206 Derby St in Pekin, Illinois, presents a unique investment opportunity. Priced at $99,900 ($49.95/SF), this single-unit, Class B building boasts a versatile layout ideal for various uses. Built in 1978, the structure features a durable steel roof, trusses, and siding, ensuring longevity. The property includes a temperature-controlled (heated and air-conditioned) warehouse with an open floor plan, perfect for a contractor or similar business. A convenient overhead door in the rear provides access to a sizable yard. Previously used as a machine shop, this space offers ample potential. The property sits on a 0.22-acre lot and is zoned I-1. Some existing office furniture may be available upon request. This prime location within Pekin's Derby Street Commercial/Industrial Corridor offers excellent accessibility and visibility. The building consists of one story and is situated in Tazewell County, Illinois, zip code 61554.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
2,080 SF
Lot
0.22 ac (9,583 SF)
APN
04-10-03-310-003
UPID
US28-5855723
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
-
SMB Tool Room Industrial Manufacturer
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
Kayla J Adams
Kayla J Adams
since 2025
Last sale
$68,000
7 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
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
$3,407
Tax year 2023
Assessed value
$37,190
Assessed 2023
Previous assessed
$37,190
+0.0% YoY
Effective rate
9.16%
On assessed value
Assessed land
$7,660
Assessed improvement
$29,530
Land market value
$22,980
Improvement market value
$88,590
Total market value
$111,570
Applied tax rate
4,031.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
2,080 SF
Lot
0.22 ac (9,583 SF)
APN
04-10-03-310-003
UPID
US28-5855723
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
1978
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Kayla J Adams
Individual
Mailing address
225 E NORWOOD ST, MORTON, IL 61550-2836
Ownership since
2025
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
Dec 10, 2025
$68,000
Kayla J Adams
William A Baird
Warranty Deed
—
Jan 10, 2005
—
Kenneth E Vogel
Vogel,james S
Quit Claim Deed
related
—
Jan 10, 2005
$60,000
William A Baird
Vogel,kenneth E & Vicki L
Warranty Deed
$60,000 · First Capital Bank Ssb
Oct 7, 2002
—
Wayne Stockert
Beimfohr,hallie
Quit Claim Deed
related
—
—
—
William A Baird
—
Loan Modification
related
—
—
—
William A Baird
—
Deed Of Trust
related
$51,547 · Busey Bank
—
—
William A Baird
—
Deed Of Trust
related
$60,935 · Busey Bank
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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