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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Warehouses
22319 22325th 22333rd R, Tremont, IL 61568
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-1359618
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
8,100 SF
Lot
2.63 ac (114,563 SF)
APN
11-11-13-300-002
UPID
US28-1359618
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
$740k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$760k
Owner & transaction history
J & J Affordable Storage LLC · 1 yrs held
J & J Affordable Storage LLC
since 2025
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+222.1%
Commercial (general)
$695,000
+78.3%
Auto repair, garage
$685,000
+76.4%
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
$685,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,255,000
Change: +222% · Conversion: Difficult
COMMERCIAL (GENERAL)
$695,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +76% · Conversion: Easy
RESTAURANT
$570,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $950k (Jan 5 2023)
Last sale anchor
$950k
Jan 5 2023
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
$94 / 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
$12,780
Tax year 2023
Assessed value
$181,430
Assessed 2023
Previous assessed
$181,430
+0.0% YoY
Effective rate
7.04%
On assessed value
Assessed land
$17,910
Assessed improvement
$163,520
Land market value
$53,730
Improvement market value
$490,560
Total market value
$544,290
Applied tax rate
11,008.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
8,100 SF
Lot
2.63 ac (114,563 SF)
APN
11-11-13-300-002
UPID
US28-1359618
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
$1.3M
COMMERCIAL (GENERAL)
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$685,000
RESTAURANT
Est. value
$570,000
RETAIL STORES
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
2006
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
J & J Affordable Storage LLC
Entity
Mailing address
5 LEGACY, GOODFIELD, IL 61742-9627
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
$1,050,000
J & J Affordable Storage LLC
Legacy Investment Group LLC
Warranty Deed
$840,000 · Morton Community Bank
Jan 8, 2024
—
Legacy Investment Group LLC
—
Deed
related
$316,448 · Goodfield State Bank
Jan 5, 2023
$950,000
Legacy Investment Group LLC
Associated Interior Construction In
Warranty Deed
$800,000 · Goodfield State Bank
Aug 25, 2022
—
Associated Interior Construction In
—
Deed
related
$207,852 · Morton Community Bank
Sep 21, 2020
—
Associated Interior Const INC
—
Deed
related
$235,344 · Busey Bk
—
—
Interior Const In Associated
—
Deed Of Trust
related
$331,901 · Herget Bank NA
—
—
Associated Interior Const
—
Deed Of Trust
related
$345,200 · First National Bank Tremont
—
—
Associated Interior Const INC
—
Loan Modification
related
$313,085 · South Side Tr & Svgs Bk
—
—
Associated Interior Const
—
Deed Of Trust
related
$331,901 · Herget National Bank Of Pekin
—
—
Associated Interior Constructi
—
Deed Of Trust
related
$300,000 · First National Bank Tremont
—
—
Associated Interior Const INC
—
Loan Modification
related
$235,344 · Busey Bk
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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