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Property profile & analytics
OFF-MARKET
Commercial real estate
3499 Tower Rd, Byron, IL 61010-8824
Individually Owned
2-yr Hold
Free & Clear
Property ID
US28-2882807
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
288 SF
Lot
27.21 ac (1,185,268 SF)
APN
05-30-300-022
UPID
US28-2882807
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
-
Byron Blacktop General Contractor Construction Company
-
Rabine Paving General Contractor Construction Company
-
King Blacktop, Asphalt, Driveways of Byron General Contractor Construction Company
-
Martin Asphalt Construction Company
-
King Sealcoating LLC General Contractor Construction Company
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
John J King · 2 yrs held
John J King
since 2024
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 Byron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Byron 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
$8,291
Tax year 2023
Assessed value
$98,337
Assessed 2023
Previous assessed
$98,337
+0.0% YoY
Effective rate
8.43%
On assessed value
Assessed land
$55,472
Assessed improvement
$42,865
Land market value
$166,416
Improvement market value
$128,595
Total market value
$295,011
Applied tax rate
340.0000
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
1999
Heating
NONE
Stories
1
Total area
288 SF
Lot
27.21 ac (1,185,268 SF)
APN
05-30-300-022
UPID
US28-2882807
Jurisdiction
OGLE
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
1999
Heating
NONE
Stories
1
Lot
27.21 ac
Current owner
From public records · entity-resolved
John J King
Individual
Free & Clear · 2 yrs held
Mailing address
12048 N TOWER RD, BYRON, IL 61010-9618
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
John J King
—
Deed
related
$757,057 · Holcomb State Bank
Apr 10, 2024
—
John J King
King Blacktop & Concrete LLC
Corporation Deed
—
May 31, 2022
—
King Blacktop & Concrete LLC
—
Deed
related
$322,097 · Holcomb State Bank
Apr 9, 2020
—
King Blacktop & Concrete LLC
—
Deed
related
$100,000 · Northern Il Cmnty Dev Corp
May 1, 2017
$133,333
King Blacktop & Concrete LLC
Raytek Dev Corp
Grant Deed
—
May 1, 2017
—
King Blacktop & Concrete LLC
—
Deed
related
$710,876 · Holcomb St Bk
Nov 4, 2016
$425,000
David A Luepkes
Myers,carolyn
Warranty Deed
—
Sep 1, 2016
—
King Blacktop & Concrete LLC
—
Deed
related
$479,700 · Holcomb St Bk
Apr 14, 2016
—
King Blacktop & Concrete LLC
—
Trustees Deed
related
$479,700 · Holcomb St Bk
Jun 21, 2013
$425,000
King Blacktop & Concrete LLC
Raytek Dev Corp
Warranty Deed
$342,503 · Holcomb State Bank
—
—
King Blacktop & Concrete LLC
—
Loan Modification
related
$342,102 · Holcomb St Bk
—
—
King Blacktop & Concrete LLC
—
Loan Modification
related
$109,754 · Holcomb St Bk
—
—
King Blacktop & Concrete LLC
—
Deed Of Trust
related
$710,876 · Holcomb St 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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