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Property profile & analytics
OFF-MARKET
Commercial real estate
402 4th Ave Coal Valley, IL 61240-9173
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-1307891
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
7,211 SF
Lot
2.15 ac (93,654 SF)
Zoning code
CV
APN
17-23-300-017
UPID
US28-1307891
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
-
Crusader Coating and Arms Gun Shop
-
Indoor Outdoor Productions (Bike/Boat/Book/etc) Store Printing Service
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
Toby A Spicer · 4 yrs held
Toby A Spicer
since 2022
5 recorded transactions
Zoning & alternative use
CV · Coal Valley, 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 Coal Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coal Valley 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,428
Tax year 2022
Assessed value
$95,914
Assessed 2022
Previous assessed
$123,585
-22.4% YoY
Effective rate
8.79%
On assessed value
Assessed land
$37,893
Assessed improvement
$58,021
Land market value
$113,679
Improvement market value
$174,063
Total market value
$287,742
Applied tax rate
2,003.0000
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
Heating
NONE
Total area
7,211 SF
Lot
2.15 ac (93,654 SF)
Zoning code
CV
APN
17-23-300-017
UPID
US28-1307891
Jurisdiction
ROCK ISLAND
Zoning & alternative use
CV · Coal Valley, IL
Zoning CV · permitted uses
CV · Coal Valley, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coal Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Lot
2.15 ac
Current owner
From public records · entity-resolved
Toby A Spicer
Individual
Free & Clear · 4 yrs held
Mailing address
602 E 13TH AVE CT, COAL VALLEY, IL 61240-9134
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
$275,000
Toby A Spicer
Crusader Coating & Arms LLC
Warranty Deed
—
Mar 1, 2018
—
Crusader Coating & Arms LLC
—
Deed
related
$224,586 · Bankorion
Oct 25, 2016
$295,000
Crusader Coating & Arms LLC
Roro LLC
Warranty Deed
$221,250 · Bankorion
Sep 8, 2005
—
Roro LLC
—
Trustees Deed
related
$260,000 · Ih Mississippi Valley Cu
—
—
Crusader Coating & Arms LLC
—
Deed Of Trust
related
$224,586 · Bankorion
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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