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Property profile & analytics
OFF-MARKET
Retail space
312 Locust St, Delavan, IL 61734-7528
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5270104
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Total area
1,200 SF
Lot
0.06 ac (2,614 SF)
APN
21-21-10-118-006
UPID
US28-5270104
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
-
Rocking Chair Art Gallery Department Store Grocery & Convenience Store
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
Jeffrey Hoverson · 3 yrs held
Jeffrey Hoverson
since 2022
Last sale
$95,000
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 Delavan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delavan 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
$1,098
Tax year 2023
Assessed value
$11,920
Assessed 2023
Previous assessed
$11,920
+0.0% YoY
Effective rate
9.21%
On assessed value
Assessed land
$1,270
Assessed improvement
$10,650
Land market value
$3,810
Improvement market value
$31,950
Total market value
$35,760
Applied tax rate
21,008.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Heating
NONE
Stories
2
Units
1
Total area
1,200 SF
Lot
0.06 ac (2,614 SF)
APN
21-21-10-118-006
UPID
US28-5270104
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
1890
Heating
NONE
Stories
2
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jeffrey Hoverson
Individual
Mailing address
312 S LOCUST ST, DELAVAN, IL 61734-7528
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
$95,000
Jeffrey Hoverson
Elser Enterprises INC
Warranty Deed
—
Aug 1, 2018
—
Elser Ents INC
—
Deed
related
$74,000 · Citizens Equity First Cu
Feb 7, 2017
—
Elser Enterprises INC
—
Deed
related
$50,000 · First National Bank Tremont
Sep 17, 2015
$92,000
Elser Enterprises INC
Dtb Holdings LLC
Warranty Deed
$57,200 · Morton Community Bank
Aug 22, 2013
—
312 Locust
—
Trustees Deed
related
$86,011 · Catalyst Construction INC
Sep 10, 2012
$42,000
312 Locust
Mathers,elizabeth
Warranty Deed
—
Jul 6, 2012
$45,000
Elizabeth Mathers
Shadid,gary T & Jennifer M
Warranty Deed
—
Mar 3, 2011
—
Gary T Shadid
Penn,nick
Quit Claim Deed
related
—
Jul 14, 2008
$41,000
Gary T Shadid
Richard R Harp
Warranty Deed
$36,900 · South Side Trust & Savings Bank
Jul 14, 2008
$47,000
Richard R Harp
Kiehl,robert G & Sharon L
Warranty Deed
—
—
—
Elser Ents INC
—
Deed Of Trust
related
$74,000 · Citizens Equity First Cu
—
—
Robert G Kiehl
—
Deed Of Trust
related
$22,872 · First Farmers State Bank Minie
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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