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Property profile & analytics
OFF-MARKET
Commercial real estate
404 Garfield St, Pana, IL 62557-1278
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-4475912
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
2,040 SF
Lot
3.34 ac (145,490 SF)
Zoning code
C-1
APN
11-25-15-400-006-01
UPID
US28-4475912
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Justin W Saathoff · 2 yrs held
Justin W Saathoff
since 2023
Last sale
$300,000
5 recorded transactions
Zoning & alternative use
C-1 · Pana, 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 Pana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pana 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,512
Tax year 2023
Assessed value
$45,710
Assessed 2023
Previous assessed
$47,591
-4.0% YoY
Effective rate
9.87%
On assessed value
Assessed land
$11,120
Assessed improvement
$34,590
Land market value
$33,360
Improvement market value
$103,770
Total market value
$137,130
Applied tax rate
355.0000
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
1999
Total area
2,040 SF
Lot
3.34 ac (145,490 SF)
Zoning code
C-1
APN
11-25-15-400-006-01
UPID
US28-4475912
Jurisdiction
CHRISTIAN
Zoning & alternative use
C-1 · Pana, IL
Zoning C-1 · permitted uses
C-1 · Pana, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pana. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Lot
3.34 ac
Current owner
From public records · entity-resolved
Justin W Saathoff
Individual
Mailing address
PO BOX 33, MATTOON, IL 61938-0033
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
—
Justin W Saathoff
Jtk Innovations LLC
Warranty Deed
$296,000 · First Fsla Of Central Illinois
Apr 9, 2020
$38,000
Robin K Moss
Grover R Green
Warranty Deed
—
May 29, 2018
—
Jtk Innovations LLC 2
Justin W Saathoff
Quitclaim Deed
related
—
May 12, 2016
$178,000
Justin W Saathoff
Timothy O Mooney
Warranty Deed
$151,000 · Illinois National Bank
Aug 3, 2011
—
Shirley M Reynolds
Shirley M Reynolds
Warranty 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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