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Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Commercial land
3615 Kelly Ave, Pekin, IL 61554-8595
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1051680
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
APN
11-11-07-400-016
UPID
US28-1051680
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
-
Holiday Inn Express & Suites Pekin (Peoria Area), an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Niramay Hotels Group LLC · 2 yrs held
Niramay Hotels Group LLC
since 2023
Last sale
$8.0M
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 Pekin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pekin 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
$5,775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $8.00M (Dec 28 2023)
Last sale anchor
$8.00M
Dec 28 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
—
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
$64
Tax year 2023
Assessed value
$690
Assessed 2023
Previous assessed
$690
+0.0% YoY
Effective rate
9.28%
On assessed value
Assessed land
$690
Land market value
$2,070
Total market value
$2,070
Applied tax rate
11,018.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
APN
11-11-07-400-016
UPID
US28-1051680
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
Heating
NONE
Current owner
From public records · entity-resolved
Niramay Hotels Group LLC
Entity
Mailing address
2217 KNOLLBROOK WAY, BLOOMINGTON, IL 61705-6303
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$8,000,000
Niramay Hotels Group LLC
Yatika INC
Warranty Deed
$5,000,000 · Gbank
Apr 6, 2021
$4,950,000
Yatika INC
Shiva Siddhi LLC
Special Warranty Deed
$5,000,000 · United Midwest Savings Bank NA
Dec 3, 2019
—
Shiva Siddhi LLC
—
Deed
related
$1,700,000 · Heartland Bank & Trust Co
Oct 19, 2017
$5,250,000
Shiva Siddhi LLC
Pekin Investments LLC
Deed
$8,704,000 · Heartland Bank & Trust Co
Jan 31, 2017
—
Pekin Investments LLC
—
Grant Deed
related
$1,500,000 · Heartland Bk
Oct 26, 2009
—
Pekin Investments LLC
—
Deed Of Trust
related
$1,744,000 · Somercor 504 INC
Oct 14, 2009
—
Pekin Investments LLC
—
Deed Of Trust
related
$1,702,500 · Heartland Bank
Oct 1, 2008
$450,000
Pekin Investments LLC
Pekin Lodging Associates LLC
Grant Deed
$2,782,500 · Heartland Bank
Oct 25, 2007
—
Pekin Lodging Associates LLC
—
Trustees Deed
related
$2,000,000 · Morton Community Bank
Jul 27, 2007
—
Pekin Lodging Associates LLC
—
Grant Deed
related
$6,100,000 · Morton Community Bank
Mar 20, 2007
—
Pekin Lodging Associates LLC
—
Trustees Deed
related
$600,000 · Morton Community Bank
Jan 21, 2005
—
Pekin Lodging Associates LLC
—
Deed Of Trust
related
$5,700,000 · Pekin Savings Bank
Sep 20, 1996
—
Bank One Springfield Trustee
First Of America Trust Co Ttee
Grant Deed
related
—
—
—
Pekin Lodging Associates LLC
—
Deed Of Trust
related
$100,000 · Pekin Savings Bank
—
—
Pekin Lodging Assoc LLC
—
Deed Of Trust
related
$2,400,000 · Heritage National Bank Pekin
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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