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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Auto shops
2130 8th St, Pekin, IL 61554-1541
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1185607
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2011
Total area
4,500 SF
Lot
1.25 ac (54,450 SF)
APN
04-04-26-102-001
UPID
US28-1185607
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
-
Mile Post 7 TZPR Railway Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.04M
Owner & transaction history
River City Land Ventures LLC · 4 yrs held
River City Land Ventures LLC
since 2022
Last sale
$4.7M
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
Method
Estimation
Statistic approach
$3,425,000
ML approach
$3,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±10% · vs last sale $4.73M (Mar 10 2022)
Last sale anchor
$4.73M
Mar 10 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
$898 / 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
$13,918
Tax year 2023
Assessed value
$158,830
Assessed 2023
Previous assessed
$158,830
+0.0% YoY
Effective rate
8.76%
On assessed value
Assessed land
$29,510
Assessed improvement
$129,320
Land market value
$88,530
Improvement market value
$387,960
Total market value
$476,490
Applied tax rate
4,032.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
2
Stories
1
Total area
4,500 SF
Lot
1.25 ac (54,450 SF)
APN
04-04-26-102-001
UPID
US28-1185607
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
2011
Heating
NONE
Stories
1
Buildings
2
Lot
1.25 ac
Current owner
From public records · entity-resolved
River City Land Ventures LLC
Entity
Mailing address
2200 N 8TH ST, PEKIN, IL 61554-1543
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$4,725,000
River City Land Ventures LLC
Timothy J Saurs
Deed
$5,000,000 · Live Oak Banking Company
Mar 2, 2022
—
City Of Pekin
Timothy J Saurs
Deed
—
Mar 24, 2015
—
Timothy J Saurs
Velde-saurs Trust 1
Quit Claim Deed
$3,877,827 · Morton Community Bank
Jun 16, 1998
—
Velde-saurs Trust
Herget Nat'l Bk Of Pekin Ttee
Grant Deed
related
—
—
—
Velde-saurs,land Trust 1
—
Loan Modification
related
—
—
—
Velde-saurs Land Trust 1
—
Deed Of Trust
related
$401,918 · Morton Community Bank
—
—
Timothy J Saurs Trustee
—
Deed Of Trust
related
$4,300,000 · Heartland Bank & Trust Co
—
—
Velde-saurs,land Trust 1
—
Deed Of Trust
related
$7,000,000 · Morton Community 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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