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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office buildings
355 Ash Ave, Decatur, IL 62526-6136
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-4258890
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Lot
1.01 ac (43,996 SF)
Zoning code
MUNICIPAL
APN
07-07-26-301-026
UPID
US28-4258890
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
-
Jeremy Youse MD Physician Medical Clinic
-
VitalSkin Dermatology - Decatur Ash Avenue Physician Medical Clinic
-
Will Miller, PA-C Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Luxury Holdings Cu LLC · 3 yrs held
Luxury Holdings Cu LLC
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
MUNICIPAL · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$1,355,000
ML approach
$1,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.44M (Jul 19 2022)
Last sale anchor
$1.44M
Jul 19 2022
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
—
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
$39,401
Tax year 2023
Assessed value
$391,162
Assessed 2023
Previous assessed
$362,788
+7.8% YoY
Effective rate
10.07%
On assessed value
Assessed land
$73,544
Assessed improvement
$317,618
Land market value
$220,654
Improvement market value
$952,949
Total market value
$1,173,603
Applied tax rate
7,122.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Lot
1.01 ac (43,996 SF)
Zoning code
MUNICIPAL
APN
07-07-26-301-026
UPID
US28-4258890
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Decatur, IL
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Decatur, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Lot
1.01 ac
Current owner
From public records · entity-resolved
Luxury Holdings Cu LLC
Entity
Mailing address
1711 W KIRBY AVE, CHAMPAIGN, IL 61821-5507
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
$1,440,000
Luxury Holdings Cu LLC
Chicago Title Land Trust Co
Foreclosure
related
$1,152,000 · First Financial Bank NA
Mar 5, 2020
—
Chicago Title Land Trust Co Trustee
—
Deed
related
$3,600,000 · Prairie State Bank & Trust
Apr 10, 2017
—
Chicago Title Land Trust Company
—
Deed
related
$350,000 · Prairie State Bank & Trust
Feb 25, 2005
$3,150,000
Bank Calumet NA
B & R Development LLP
Warranty Deed
$250,020 · Busey 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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