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Property profile & analytics
OFF-MARKET
Hotels
230 Lucile Ave, Forsyth, IL 62535-4084
Entity Owned
12-yr Hold
Free & Clear
Property ID
US28-4180893
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2014
Lot
3.72 ac (162,043 SF)
Zoning code
MUNICIPAL
APN
07-07-23-101-004
UPID
US28-4180893
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
-
Residence Inn Decatur Forsyth Hotel & Motel
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
R I Heritage Inn Of Forsyth LLC · 12 yrs held
R I Heritage Inn Of Forsyth LLC
since 2014
7 recorded transactions
Zoning & alternative use
MUNICIPAL · Forsyth, 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 Forsyth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forsyth 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
$188,155
Tax year 2023
Assessed value
$2,398,009
Assessed 2023
Previous assessed
$2,224,065
+7.8% YoY
Effective rate
7.85%
On assessed value
Assessed land
$227,237
Assessed improvement
$2,170,772
Land market value
$681,779
Improvement market value
$6,512,967
Total market value
$7,194,746
Applied tax rate
7,315.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2014
Lot
3.72 ac (162,043 SF)
Zoning code
MUNICIPAL
APN
07-07-23-101-004
UPID
US28-4180893
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Forsyth, IL
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Forsyth, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forsyth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Lot
3.72 ac
Current owner
From public records · entity-resolved
R I Heritage Inn Of Forsyth LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1201 PAGE DR S, FARGO, ND 58103-2337
Ownership since
2014
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
Feb 11, 2019
—
Ri Heritage Inn & Forsyth LLC
—
Deed
related
$2,250,000 · Hickory Point Bank & Trust Fsb
Mar 28, 2014
$575,000
R I Heritage Inn Of Forsyth LLC
Hickory Point Bank And Trust Fsb
Deed
—
Feb 15, 2007
—
Hickory Point Bank And Trust
Steve Halford
Deed
—
Feb 15, 2007
$152,500
Steve Halford
New K S Merchandise LLC
Limited Warranty Deed
—
May 23, 2006
—
New Ks Merchandise LLC
Ks Merchandise Mart INC
Special Warranty Deed
$47,000,000 · NA
Sep 7, 2005
$550,000
Kimberlea Jacobus Robinson
Citizens National Bank Of Paris
Trustees Deed
related
—
Aug 29, 2005
—
Citizens National Bank Of Paris
Dewey C Barr
Deed
—
May 5, 2005
—
Forsyth Commons LLC
Ks Merchandise Mart INC
Warranty 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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