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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Bars & Pubs
401 Main St Mahomet, IL 61853-7426
Entity Owned
14-yr Hold
Free & Clear
Property ID
US28-2298156
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Total area
5,424 SF
APN
151315157001
UPID
US28-2298156
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
-
ATM (Super Pantry) Grocery & Convenience Store Food Market
-
Chophouse on Main Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Rjr Empire Ents LLC · 14 yrs held
Rjr Empire Ents LLC
since 2012
Last sale
$707,500
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 Mahomet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mahomet 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$575,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $708k (Sep 18 2025)
Last sale anchor
$708k
Sep 18 2025
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
$131 / 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
$11,359
Tax year 2023
Assessed value
$143,520
Assessed 2023
Previous assessed
$132,270
+8.5% YoY
Effective rate
7.91%
On assessed value
Assessed land
$6,100
Assessed improvement
$137,420
Land market value
$18,300
Improvement market value
$412,260
Total market value
$430,560
Applied tax rate
1,551.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Heating
NONE
Total area
5,424 SF
APN
151315157001
UPID
US28-2298156
Jurisdiction
CHAMPAIGN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$575,000
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Rjr Empire Ents LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 146, MAHOMET, IL 61853-0146
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2012
—
Rjr Empire Ents LLC
Rjr Empire Ents LLC
Quit Claim Deed
—
Jan 8, 2008
$273,500
Taylor Richard W Trust
Manthei-everhardt,mary
Grant Deed
—
Jan 8, 2008
—
Rjr Empire Ents LLC
Taylor Richard W Trust
Grant Deed
—
Nov 17, 2000
$59,000
Mary M Everhart
Hatfield,connie N
Grant Deed
$84,000 · Busey Bank
—
—
Rjr Empire Ents LLC
—
Deed Of Trust
related
$470,000 · First Mid Il Bk&tr
—
—
Rjr Empire Ents LLC
—
Loan Modification
related
$404,782 · First Mid Il Bk&tr
—
—
Rjr Empire Enterprises LLC
—
Loan Modification
related
$414,985 · First Mid Il Bk&tr
—
—
Rjr Empire Ents LLC
—
Loan Modification
related
$410,855 · First Mid Il Bk&tr
—
—
Rjr Empire Ents LLC
—
Deed Of Trust
related
$325,678 · First Mid Illinois Bk & Tr NA
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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