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Property profile & analytics
OFF-MARKET
Commercial real estate
403 Main St, Hillsdale, IL 61257-9659
Individually Owned
8-yr Hold
Free & Clear
Property ID
US28-1452521
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1922
Construction
FRAME
Total area
1,950 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R1
APN
06-29-300-008
UPID
US28-1452521
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
-
Graphic Concepts West Marketing & Advertising 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
John A Vanwatermeulch · 8 yrs held
John A Vanwatermeulch
since 2017
2 recorded transactions
Zoning & alternative use
R1 · Hillsdale, 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 Hillsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsdale 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
$1,041
Tax year 2022
Assessed value
$12,315
Assessed 2022
Previous assessed
$11,673
+5.5% YoY
Effective rate
8.45%
On assessed value
Assessed land
$1,607
Assessed improvement
$10,708
Land market value
$4,821
Improvement market value
$32,124
Total market value
$36,945
Applied tax rate
3,004.0000
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
1922
Construction
FRAME
Heating
NONE
Stories
1
Total area
1,950 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R1
APN
06-29-300-008
UPID
US28-1452521
Jurisdiction
ROCK ISLAND
Zoning & alternative use
R1 · Hillsdale, IL
Zoning R1 · permitted uses
R1 · Hillsdale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
John A Vanwatermeulch
Individual
Free & Clear · 8 yrs held
Mailing address
12254 E PO BOX 32ND ST, COLONA, IL 61241-0032
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2017
—
John A Vanwatermeulch
Rock Island County
Grant Deed
—
Nov 6, 2017
—
Rock Island County
County Clerk Of Rock Island Count|graphic Concepts
Tax Deed
related
—
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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