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Property profile & analytics
FOR LEASE
Flex space
410 E University Ave Champaign, IL 61820
Trust Owned
19-yr Hold
~
Est. High Equity
Property ID
US28-1368114
For Lease
1 / 3
$22 SF/Yr
410 E University Ave, Champaign, IL 61820
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
APN
462107329014
UPID
US28-1368114
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
-
Multicoreware, Inc Champaign (Bike/Boat/Book/etc) Store Corporate Office
-
The HDF Group (Bike/Boat/Book/etc) Store Corporate Office
-
Dr. Thomas E. Standley, DMD Dental Office
-
Home Instead Home Help Service Agency Aged Care
-
Comprehensive Prosthetics & Orthotics Orthotics & Prosthetics Service Medical Clinic
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
Sullivan K & L R Living Trust · 19 yrs held
Sullivan K & L R Living Trust
since 2007
5 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 Champaign submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Champaign 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
$50,270
Tax year 2023
Assessed value
$557,450
Assessed 2023
Previous assessed
$514,250
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$91,500
Assessed improvement
$465,950
Land market value
$274,500
Improvement market value
$1,397,850
Total market value
$1,672,350
Applied tax rate
4,602.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Heating
NONE
APN
462107329014
UPID
US28-1368114
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
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Sullivan K & L R Living Trust
Trust
Mailing address
3262 GREENWOOD DR, DEWEY, IL 61840-9700
Ownership since
2007
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
Aug 14, 2023
—
Kenwood Sullivan
—
Deed
related
$675,000 · First State Bank & Trust
Sep 21, 2018
—
Kenwood Sullivan
—
Deed
related
$750,000 · First State Bank
Apr 27, 2007
—
Sullivan K & L R Living Trust
Sullivan,kenwood & Laurel R
Quit Claim Deed
related
—
—
—
Kenwood Sullivan
—
Deed Of Trust
related
$100,000 · National City Bank Michigan/il
—
—
Kenwood Sullivan
—
Deed Of Trust
related
$250,000 · National City Bank Michigan/il
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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