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Property profile & analytics
OFF-MARKET
Industrial properties
232 14th NE St Milan, IL 61264-2630
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-2322800
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
FRAME
Total area
19,666 SF
Lot
6 ac (261,360 SF)
Zoning code
MIL
APN
16-24-200-014
UPID
US28-2322800
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
Knot Brothers INC · 6 yrs held
Knot Brothers INC
since 2019
6 recorded transactions
Zoning & alternative use
MIL · Milan, 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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,943
Tax year 2022
Assessed value
$124,181
Assessed 2022
Previous assessed
$117,596
+5.6% YoY
Effective rate
9.62%
On assessed value
Assessed land
$40,107
Assessed improvement
$84,074
Land market value
$120,321
Improvement market value
$252,222
Total market value
$372,543
Applied tax rate
11,006.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
NONE
Total area
19,666 SF
Lot
6 ac (261,360 SF)
Zoning code
MIL
APN
16-24-200-014
UPID
US28-2322800
Jurisdiction
ROCK ISLAND
Zoning & alternative use
MIL · Milan, IL
Zoning MIL · permitted uses
MIL · Milan, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
NONE
Lot
6 ac
Current owner
From public records · entity-resolved
Knot Brothers INC
Entity
Mailing address
232 14TH ST NE, MILAN, IL 61264-2630
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
—
Knot Brothers INC
—
Deed
related
$700,000 · Us Small Business Admn
Dec 29, 2020
—
Knot Brothers INC
—
Deed
related
—
Sep 18, 2019
$600,000
Knot Brothers INC
D & K Properties Of Illinois LLC
Warranty Deed
$600,000 · Tbk Bank Ssb
Sep 11, 2015
$455,000
D & K Properties Of Illinois LLC
Arnold,mary E
Warranty Deed
—
—
—
Mary E Arnold
—
Deed Of Trust
related
$273,000 · Bankorion
—
—
Knot Brothers INC
—
Loan Modification
related
—
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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