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Property profile & analytics
OFF-MARKET
Warehouses
2899 2901st N Main St East Peoria, IL 61611
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-0064739
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Total area
11,550 SF
Lot
4.13 ac (179,903 SF)
APN
01-01-23-100-010
UPID
US28-0064739
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
Joseph D Lahood · 10 yrs held
Joseph D Lahood
since 2016
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 East Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Peoria 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
$15,177
Tax year 2023
Assessed value
$159,120
Assessed 2023
Previous assessed
$159,120
+0.0% YoY
Effective rate
9.54%
On assessed value
Assessed land
$85,990
Assessed improvement
$73,130
Land market value
$257,970
Improvement market value
$219,390
Total market value
$477,360
Applied tax rate
1,010.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Heating
NONE
Stories
1
Total area
11,550 SF
Lot
4.13 ac (179,903 SF)
APN
01-01-23-100-010
UPID
US28-0064739
Jurisdiction
TAZEWELL
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
Year built
1967
Heating
NONE
Stories
1
Lot
4.13 ac
Current owner
From public records · entity-resolved
Joseph D Lahood
Individual
Mailing address
2210 E GRANDVIEW AVE, PEORIA, IL 61614-6615
Ownership since
2016
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
Apr 11, 2016
$410,000
Joseph D Lahood
Heritage Bk Of Ctrl Il
Grant Deed
$328,000 · Heritage Bk/ctrl Il
Jul 17, 2015
—
Heritage Bk Of Ctrl Il
Newnam,carroll L & Sandra J
Warranty Deed
—
Jun 2, 2006
$425,000
Carroll L Newman
Donald L Taylor
Deed
$382,500 · Heritage Bank Of Central Illinois
Apr 10, 2006
—
Taylor D L & M J Living Trust
—
Trustees Deed
related
$50,000 · Busey Bank
Aug 11, 2005
—
Taylor D L & J Trust Agreement
—
Trustees Deed
related
$100,000 · Busey Bank
—
—
Carroll L Newnam
—
Deed Of Trust
related
$348,265 · Heritage Bank Central Illinois
—
—
Carroll L Newman
—
Deed Of Trust
related
$317,610 · Heritage Bank Central Illinois
—
—
Carroll L Newnam
—
Deed Of Trust
related
$45,604 · Heritage Bank Central Illinois
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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