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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3322 Mdw Ave, East Peoria, IL 61611-4639
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US28-1583159
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1976
Total area
3,000 SF
Lot
0.33 ac (14,375 SF)
APN
05-05-12-212-009
UPID
US28-1583159
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
Dinesh A Patel · 17 yrs held
Dinesh A Patel
since 2008
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
$6,245
Tax year 2023
Assessed value
$64,650
Assessed 2023
Previous assessed
$64,650
+0.0% YoY
Effective rate
9.66%
On assessed value
Assessed land
$17,720
Assessed improvement
$46,930
Land market value
$53,160
Improvement market value
$140,790
Total market value
$193,950
Applied tax rate
5,010.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
3,000 SF
Lot
0.33 ac (14,375 SF)
APN
05-05-12-212-009
UPID
US28-1583159
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
1976
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Dinesh A Patel
Individual
Mailing address
3322 MDW AVE, EAST PEORIA, IL 61611-4639
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
—
Dinesh A Patel
—
Deed
related
$54,384 · Morton Community Bank
Apr 30, 2021
—
Dinesh A Patel
—
Deed
related
$100,630 · Morton Community Bank
Nov 21, 2018
—
Dinesh A Patel
—
Deed
related
$324,976 · Morton Cmnty Bk
Sep 11, 2018
—
Dinesh A Patel
—
Trustees Deed
related
$1,022,861 · Morton Cmnty Bk
Sep 15, 2008
$840,000
Dinesh A Patel
Bnb Corp
Warranty Deed
$572,347 · Morton Community Bank
May 9, 2007
—
Bnb Corp
Feerasta,nizar N & Bernice I
Quit Claim Deed
related
$402,616 · Morton Community Bank
Jun 1, 1998
$99,000
Nizar Feerasta
Sleevar,john D
Grant Deed
$75,000 · Morton Community Bank
—
—
Dinesh A Patel
—
Loan Modification
related
$324,976 · Morton Cmnty Bk
—
—
Dinesh A Patel
—
Loan Modification
related
—
—
—
Bnb Corp
—
Deed Of Trust
related
$121,135 · Morton Community Bank
—
—
Bnb Corp
—
Deed Of Trust
related
$89,317 · Morton Community 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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