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Property profile & analytics
OFF-MARKET
Estimated value
$220,000
Commercial real estate
340 Illinois Rte 29 Pana, IL 62557-8904
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-3578423
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
FRAME
Total area
6,820 SF
Lot
1.99 ac (86,597 SF)
Zoning code
C-2
APN
11-25-16-314-003-00
UPID
US28-3578423
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
$210k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
Department Of Transportation · 1 yrs held
Department Of Transportation
since 2025
Last sale
$220,000
5 recorded transactions
Zoning & alternative use
C-2 · Pana, 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 Pana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pana 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
$220,000
ML approach
$210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$220k
Range $198k – $242k · ±10% · vs last sale $220k (Jan 31 2023)
Last sale anchor
$220k
Jan 31 2023
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
$32 / SF
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
$7,289
Tax year 2023
Assessed value
$73,850
Assessed 2023
Previous assessed
$97,387
-24.2% YoY
Effective rate
9.87%
On assessed value
Assessed land
$8,453
Assessed improvement
$65,397
Land market value
$25,359
Improvement market value
$196,191
Total market value
$221,550
Applied tax rate
355.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
FRAME
Cooling
YES
Stories
1
Rooms
19
Total area
6,820 SF
Lot
1.99 ac (86,597 SF)
Zoning code
C-2
APN
11-25-16-314-003-00
UPID
US28-3578423
Jurisdiction
CHRISTIAN
Zoning & alternative use
C-2 · Pana, ILZoning C-2 · permitted uses
C-2 · Pana, IL
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
2000
Construction
FRAME
Cooling
Yes
Stories
1
Rooms
19
Lot
1.99 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 1 yrs held
Mailing address
12741 ROSE RD, TRENTON, IL 62293-4517
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
$9,500
Department Of Transportation
Rinderer Farms Gp
Warranty Deed
—
Jan 31, 2023
—
Rinderer Farms Gp
A To Z Realty Invest LLC
Warranty Deed
—
Jan 30, 2023
$220,500
Rinderer Farms Gp
A To Z Realty Invest LLC
Warranty Deed
—
Jul 15, 2021
—
A To Z Realty Investments
Sabra Health Care Hldgs
Warranty Deed
—
Dec 9, 2008
$245,000
Keal Development LLC
Stanley A Wilburn
Warranty Deed
$400,000 · The First National Bank Of Dieterich
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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