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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Commercial real estate
4017 State Rte 159, Smithton, IL 62285-2510
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-5863836
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
WOOD
Total area
7,410 SF
Lot
0.85 ac (37,026 SF)
APN
13-28-0-206-010
UPID
US28-5863836
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$961k
Blend (final)
Blend
$1.11M
Owner & transaction history
Tejinder Singh · 3 yrs held
Tejinder Singh
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+142.5%
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 Smithton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithton 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
$990,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,155,000
7%
$1,070,000
Alternative Use
Use
Estimation
RESTAURANT
$1,485,000
Change: +142% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.30M (Aug 2 2022)
Last sale anchor
$1.30M
Aug 2 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
$149 / 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
$25,014
Tax year 2023
Assessed value
$296,120
Assessed 2023
Previous assessed
$296,120
+0.0% YoY
Effective rate
8.45%
On assessed value
Assessed land
$40,344
Assessed improvement
$255,776
Land market value
$121,032
Improvement market value
$767,328
Total market value
$888,360
Applied tax rate
21,022.0000
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
2006
Construction
WOOD
Heating
NONE
Total area
7,410 SF
Lot
0.85 ac (37,026 SF)
APN
13-28-0-206-010
UPID
US28-5863836
Jurisdiction
ST CLAIR
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
RESTAURANT
Est. value
$1.5M
RESTAURANT
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
Year built
2006
Construction
WOOD
Heating
NONE
Lot
0.85 ac
Current owner
From public records · entity-resolved
Tejinder Singh
Individual
Free & Clear · 3 yrs held
Mailing address
1422 241ST PL SE, BOTHELL, WA 98021-5063
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
$1,299,500
Tejinder Singh
Dr Shank LLC
Special Warranty Deed
—
Feb 28, 2019
—
Dr Shank LLC
—
Deed
related
—
May 17, 2013
—
Dr Shank LLC
—
Trustees Deed
related
$14,700 · Midland States Bank
Mar 30, 2009
—
Dr Shank LLC
—
Trustees Deed
related
$928,000 · Midland States Bank
Nov 15, 2006
$681,500
Dr Shank LLC
Gdi INC
Warranty Deed
$729,500 · Commercial State Bank
May 2, 2006
—
Gdi INC
—
Trustees Deed
related
$600,000 · Community First Bank
Jul 12, 2004
$93,000
Gdi INC
Smithton Dev LLC
Warranty Deed
$413,000 · Community First Bank
—
—
Dr Shank LLC
—
Deed Of Trust
related
$943,723 · Midland States Bank
—
—
Dr Shank LLC
—
Loan Modification
related
—
—
—
Dr Shank LLC
—
Deed Of Trust
related
$940,000 · Citizens Cmnty Bk
—
—
Dr Shank LLC
—
Deed Of Trust
related
$924,000 · Midland States Bank
—
—
Dr Shank LLC
—
Deed Of Trust
related
$728,125 · Commercial State 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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