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Property profile & analytics
OFF-MARKET
Estimated value
$6,765,000
Commercial real estate
2860 Main St, Galesburg, IL 61401-8502
Entity Owned
Absentee Owner
Free & Clear
Property ID
US28-2847577
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.11 ac (91,912 SF)
APN
99-17-126-006
UPID
US28-2847577
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
-
Thrushwood Farms Quality Meats, Inc. Food Processing Plant
-
SnackStick Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.77M
Owner & transaction history
Store Master Funding Xxiv LLC
Store Master Funding Xxiv LLC
since 2025
7 recorded transactions
Zoning & alternative use
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 Galesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Galesburg 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
$6,850,000
ML approach
$6,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.77M
Range $6.09M – $7.44M · ±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
—
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
$29,616
Tax year 2023
Assessed value
$1,090,950
Assessed 2023
Previous assessed
$1,090,950
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$7,850
Assessed improvement
$1,083,100
Land market value
$23,550
Improvement market value
$3,249,300
Total market value
$3,272,850
Applied tax rate
36.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
2.11 ac (91,912 SF)
APN
99-17-126-006
UPID
US28-2847577
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
2.11 ac
Current owner
From public records · entity-resolved
Store Master Funding Xxiv LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Store Master Funding Xxiv LLC
Store Master Funding Xviii LLC
Warranty Deed
—
Jun 25, 2021
$6,406,000
Store Master Funding Xviii LLC
Thrushwood Farms Quality Meats INC
Warranty Deed
$12,820,000 · Citibank
Jan 7, 2020
—
Thrushwood Farms Quality Meats
James F Hankes
Quit Claim Deed
related
—
Dec 31, 2019
—
Thrushwood Farms Quality Meats
James F Hankes
Quit Claim Deed
related
—
Jul 3, 2019
—
James Hankes
—
Deed
related
$105,000 · Farmers & Mechanics Bank
Jul 3, 2018
—
James Hankes
—
Deed
related
$1,885,000 · Farmers & Mechanics Bank
May 24, 2012
—
Hankes,james F & Kae E
—
Grant Deed
related
$3,051,234 · First Mid Il Bk&tr
May 10, 2012
—
Hankes,james F & Kae E
Hankes,james F & Kae E
Quit Claim Deed
related
—
—
—
Hankes,james F & Kae E
—
Loan Modification
related
$3,151,234 · First Mid Il Bk&tr
—
—
Hankes,james F & Kae E
—
Deed Of Trust
related
$75,000 · First Mid Il Bk&tr
—
—
Hankes,james F & Kae E
—
Loan Modification
related
—
—
—
Hankes,james F & Kae E
—
Loan Modification
related
$45,003 · First Mid Il Bk&tr
—
—
James F Hankes
—
Loan Modification
related
$75,000 · First Mid Illinois Bk & Tr NA
—
—
James Hankes
—
Deed Of Trust
related
$3,268,986 · Farmers & Mechanics Bank
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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