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Property profile & analytics
FOR SALE
Industrial properties
3520 W Farmington Rd Peoria, IL 61604
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2391738
No photos on file
For Sale
$550,000
3520 W Farmington Rd, Peoria, IL 61604
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
23.3 ac (1,014,948 SF)
APN
17-01-402-005
UPID
US28-2391738
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
-
Peoria Speedway Car Racing Track
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
Illinois Dept Of Transportatio · 8 yrs held
Illinois Dept Of Transportatio
since 2018
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 Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$10,149
Tax year 2023
Assessed value
$105,230
Assessed 2023
Previous assessed
$88,970
+18.3% YoY
Effective rate
9.64%
On assessed value
Assessed land
$44,460
Assessed improvement
$60,770
Land market value
$133,380
Improvement market value
$182,310
Total market value
$315,690
Applied tax rate
387.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Heating
NONE
Lot
23.3 ac (1,014,948 SF)
APN
17-01-402-005
UPID
US28-2391738
Jurisdiction
PEORIA
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
Heating
NONE
Lot
23.3 ac
Current owner
From public records · entity-resolved
Illinois Dept Of Transportatio
Entity
Free & Clear · 8 yrs held
Mailing address
1031 W OLYMPIA DR, PEORIA, IL 61615-2084
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2019
—
Peoria Speedway LLC
—
Deed
related
$315,000 · Heartland Bk
Jun 25, 2019
—
Peoria Speedway LLC
—
Deed
related
$630,000 · Heartland Bank & Trust Co
Feb 16, 2018
$47,000
Illinois Dept Of Transportatio
Peoria Speedway LLC
Warranty Deed
—
Jan 7, 2014
$400,000
Peoria Dirt Racing LLC
Hamilton,sherrie J
Warranty Deed
—
Feb 28, 2000
—
Patricia A Proesel
Pitcher,charles D
Quit Claim Deed
related
—
Feb 28, 2000
$25,000
Hamilton,charles A & Sherrie J
Proesel,patricia A
Trustees Deed
related
—
Feb 28, 2000
$150,000
Hamilton,charles A & Sherrie J
Gateway Milling Co
Trustees Deed
related
—
—
—
Peoria Speedway LLC
—
Deed Of Trust
related
$315,000 · Heartland 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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