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Property profile & analytics
OFF-MARKET
Office Spaces
300 State St, Cherry Valley, IL 61016-9294
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US28-0532190
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
FRAME
Total area
468 SF
Lot
0.05 ac (2,178 SF)
Zoning code
CC
APN
16-01-133-004
UPID
US28-0532190
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
-
Rebecca Fox Hair Studios Hair Salon
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
Benny Salamone · 24 yrs held
Benny Salamone
since 2002
5 recorded transactions
Zoning & alternative use
CC · Cherry Valley, 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 Cherry Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cherry Valley 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
$1,210
Tax year 2023
Assessed value
$14,611
Assessed 2023
Previous assessed
$13,764
+6.2% YoY
Effective rate
8.28%
On assessed value
Assessed land
$4,449
Assessed improvement
$10,162
Land market value
$13,347
Improvement market value
$30,486
Total market value
$43,833
Applied tax rate
119.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
468 SF
Lot
0.05 ac (2,178 SF)
Zoning code
CC
APN
16-01-133-004
UPID
US28-0532190
Jurisdiction
WINNEBAGO
Zoning & alternative use
CC · Cherry Valley, IL
Zoning CC · permitted uses
CC · Cherry Valley, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cherry Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Benny Salamone
Individual
Mailing address
528 GENOA ST, CHERRY VALLEY, IL 61016-9411
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
—
Benny Salamone
—
Deed
related
$56,250 · Byron Bk
Oct 24, 2018
—
Benny Salamone
—
Deed
related
$50,000 · German American St Bk
May 31, 2002
$35,000
Benny Salamone
Shaffer,patrick B & Susan K
Grant Deed
$28,000 · Durand State Bank
—
—
Benny Salamone
—
Deed Of Trust
related
$50,000 · German American St Bk
—
—
Benny Salamone
—
Deed Of Trust
related
$56,250 · Byron Bk
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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