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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Office buildings
2727 Oakland Ave Decatur, IL 62526-1586
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-4059491
Property summary
AI-generated overview
This exceptional 13,200 square foot medical office building, located at 2727 N Oakland Ave, Decatur, IL 62526, presents a compelling investment opportunity. The property boasts a strong 8.50% cap rate and a current NOI of $126,745, with an asking price of $1,491,125 ($112.96/sq ft). Currently 87% occupied, the multi-tenant building features three tenants, including Smile Brands, the largest DSO in the United States, which contributes 75% of the NOI. Hage Orthodontics recently signed a new lease, demonstrating market confidence. Smile Brands' early execution of a lease option further solidifies their commitment to this location. The property sits on a 1.64-acre lot and benefits from a recently installed (2024) 20-ton HVAC unit. Detailed lease information, including rent bumps and options, is available in the offering memorandum. This represents a low price point for a medical asset with strong unit-level financials, making it an attractive addition to any portfolio. The property is classified as a Modified Gross Net Lease investment. Tenant credit information is not available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
1.58 ac (68,825 SF)
Zoning code
MUNICIPAL
APN
04-12-04-277-002
UPID
US28-4059491
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
-
Jurgens Alan R DDS Dental Office
-
Spring Creek Plaza Shopping Center Shopping Center & Mall
-
Rachel Ingram Dental Office
-
Midwest Dental - Decatur Dental Office
-
Decatur Profesional Building Orthotics & Prosthetics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Decatur Professional Office LLC · 3 yrs held
Decatur Professional Office LLC
since 2022
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
MUNICIPAL · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$940,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.00M (Sep 20 2022)
Last sale anchor
$1.00M
Sep 20 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
—
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
$40,858
Tax year 2023
Assessed value
$410,526
Assessed 2023
Previous assessed
$379,881
+8.1% YoY
Effective rate
9.95%
On assessed value
Assessed land
$64,970
Assessed improvement
$345,556
Land market value
$194,929
Improvement market value
$1,036,772
Total market value
$1,231,701
Applied tax rate
4,055.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Lot
1.58 ac (68,825 SF)
Zoning code
MUNICIPAL
APN
04-12-04-277-002
UPID
US28-4059491
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Decatur, IL
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Decatur, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
1.58 ac
Current owner
From public records · entity-resolved
Decatur Professional Office LLC
Entity
Mailing address
30 N GOULD ST, SHERIDAN, WY 82801-6317
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
Decatur Professional Office LLC
—
Deed
related
$800,000 · Synovus Bank
Sep 20, 2022
$1,000,000
Decatur Professional Office LLC
Chad Burmeister
Warranty Deed
—
May 9, 2014
—
Worl Play Managments LLC
Ronald N Cole
Quit Claim Deed
related
—
Nov 15, 2013
$165,000
Chad Burmeister
Ray E Atteberry
Warranty Deed
—
Apr 19, 2013
$165,000
Ronald N Cole
Robert R Farrington
Warranty Deed
—
Feb 1, 2005
$165,000
Chad Burmeister
Ray E Atteberry
Warranty Deed
$50,000 · Bickeswilson Moss
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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