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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Industrial properties
2832 5th St Rock Island, IL 61201-4027
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2110415
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Total area
44,218 SF
Lot
5.84 ac (254,390 SF)
Zoning code
RI
APN
16-10-201-047
UPID
US28-2110415
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
-
Tibor Machine Industrial Manufacturer
-
HarbisonWalker International Distribution Center Logistics Company
-
Storage of America Storage Facility
-
Control Application Maintenance Inc Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.43M
Owner & transaction history
Coachman Joint Venture LLP · 28 yrs held
Coachman Joint Venture LLP
since 1997
7 recorded transactions
Zoning & alternative use
RI · Rock Island, 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 Rock Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rock Island 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,485,000
Current use
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10%
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
$32 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$73,164
Tax year 2022
Assessed value
$715,263
Assessed 2022
Previous assessed
$679,262
+5.3% YoY
Effective rate
10.23%
On assessed value
Assessed land
$84,833
Assessed improvement
$630,430
Land market value
$254,499
Improvement market value
$1,891,290
Total market value
$2,145,789
Applied tax rate
10,002.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
4
Stories
1
Total area
44,218 SF
Lot
5.84 ac (254,390 SF)
Zoning code
RI
APN
16-10-201-047
UPID
US28-2110415
Jurisdiction
ROCK ISLAND
Zoning & alternative use
RI · Rock Island, IL
Zoning RI · permitted uses
RI · Rock Island, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rock Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
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
1965
Heating
NONE
Stories
1
Buildings
4
Lot
5.84 ac
Current owner
From public records · entity-resolved
Coachman Joint Venture LLP
Entity
Mailing address
4225 W 62ND ST, INDIANAPOLIS, IN 46268-2519
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Soa Rock Island LLC
—
Deed
related
$63,500,000 · Bank Of America
Apr 20, 2023
—
Soa Rock Island LLC
—
Deed
related
$3,450,000 · Transamerica Life Ins & Annuit
Jan 25, 2021
—
Soa Rock Island LLC
—
Deed
related
$13,320,000 · First Tech FCU
Nov 6, 1997
$1,000,000
Coachman Joint Venture LLP
Northwest Ba & Tr Trustee
Grant Deed
$1,000,000 · Northwest Bank & Trust
—
—
Jv Coachman
—
Deed Of Trust
related
$150,000 · Northwest Bank
—
—
Coachman Joint Venture LP
—
Deed Of Trust
related
$1,400,000 · Homesteaders Life Co
—
—
Soa Rock Island LLC
—
Deed Of Trust
related
$13,320,000 · First Tech FCU
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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