New search
Property profile & analytics
FOR LEASE
Retail space
4200 E Washington St, East Peoria, IL 61611
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-4269494
For Lease
1 / 2
$5 SF/Yr
4200 E Washington St, East Peoria, IL 61611
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Total area
17,100 SF
Lot
6.86 ac (298,822 SF)
APN
01-01-25-210-011
UPID
US28-4269494
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
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
East Peoria Commerce Park LLC · 1 yrs held
East Peoria Commerce Park LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+44.9%
Auto repair, garage
$1.5M
+42.0%
Restaurant
$1.2M
+18.2%
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 East Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Peoria 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,020,000
Current use
COMMERCIAL (GENERAL)
$1,480,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,450,000
Change: +42% · Conversion: Difficult
RESTAURANT
$1,210,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$820,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Nov 14 2024)
Last sale anchor
$1.00M
Nov 14 2024
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
$58 / 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
$19,730
Tax year 2023
Assessed value
$184,180
Assessed 2023
Previous assessed
$184,180
+0.0% YoY
Effective rate
10.71%
On assessed value
Assessed land
$37,860
Assessed improvement
$146,320
Land market value
$113,580
Improvement market value
$438,960
Total market value
$552,540
Applied tax rate
1,008.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1986
Heating
NONE
Buildings
3
Stories
1
Total area
17,100 SF
Lot
6.86 ac (298,822 SF)
APN
01-01-25-210-011
UPID
US28-4269494
Jurisdiction
TAZEWELL
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
RETAIL STORES Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$820,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
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
1986
Heating
NONE
Stories
1
Buildings
3
Lot
6.86 ac
Current owner
From public records · entity-resolved
East Peoria Commerce Park LLC
Entity
Mailing address
2415 W CARRIAGE LN, PEORIA, IL 61614-2502
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
$1,000,000
East Peoria Commerce Park LLC
Timothy A Behm
Warranty Deed
$1,127,329 · First Mid Bank & Trust NA
Sep 30, 2022
$800,000
Timothy A Behm
Central Illinois Civic Center LLC
Warranty Deed
—
Sep 29, 2016
—
Central Illinois Civic Center
—
Deed
related
$4,400,000 · Morton Community Bank
Feb 2, 2015
—
Central Illinois Civic Center
Jj Bachman Family Farms LLC
Warranty Deed
—
Aug 25, 2014
$902,000
Johh Obery
Elhisco LLC
Grant Deed
—
Aug 25, 2014
—
Jj Bachman Family Farms LLC
Obery,john
Grant Deed
related
—
Jun 19, 2014
$902,000
John Obery
Elhisco LLC
Warranty Deed
—
Jun 19, 2014
—
Jj Bachman Family Farms LLC
Mark Obery
Warranty Deed
$2,677,088 · Morton Cmnty Bk
Jun 9, 2006
—
Elhisco LLC
—
Trustees Deed
related
$500,000 · Busey Bk/rantoul
May 24, 2006
—
Elhisco LLC
Hofmann,e Lee
Quit Claim Deed
related
—
Apr 26, 2006
—
Elhisco LLC
International Supply
Quit Claim Deed
related
—
Mar 31, 2006
—
International Supply Co
—
Trustees Deed
related
$250,000 · Busey Bk/rantoul
Feb 13, 2006
—
E Lee Hofmann Intl Supply Co
Campbell,roland E & Melody L
Quit Claim Deed
related
—
—
—
Jj Bachman Family Farms LLC
—
Deed Of Trust
related
$1,900,000 · Morton Cmnty Bk
—
—
Jj Bachman Family Farms LLC
—
Deed Of Trust
related
$3,200,000 · Morton Cmnty Bk
—
—
International Supply Co
—
Deed Of Trust
related
$3,700,000 · Busey Bk
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
