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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Commercial real estate
450 1st St Aviston, IL 62216-3440
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-2808004
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
CONCRETE
Total area
28,870 SF
Lot
3.34 ac (145,490 SF)
Zoning code
51
APN
05-05-24-105-049
UPID
US28-2808004
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
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.67M
Owner & transaction history
450 West First Street Snf LLC · 6 yrs held
450 West First Street Snf LLC
since 2020
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
51 · Aviston, 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 Aviston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aviston 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
$1,725,000
ML approach
$1,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10% · vs last sale $1.60M (Mar 9 2020)
Last sale anchor
$1.60M
Mar 9 2020
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 2022Property tax & assessments
Tax year 2022
Tax billed
$35,779
Tax year 2022
Assessed value
$543,670
Assessed 2022
Previous assessed
$517,780
+5.0% YoY
Effective rate
6.58%
On assessed value
Assessed land
$32,820
Assessed improvement
$510,850
Land market value
$98,460
Improvement market value
$1,532,550
Total market value
$1,631,010
Applied tax rate
5,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1988
Construction
CONCRETE
Heating
NONE
Total area
28,870 SF
Lot
3.34 ac (145,490 SF)
Zoning code
51
APN
05-05-24-105-049
UPID
US28-2808004
Jurisdiction
CLINTON
Zoning & alternative use
51 · Aviston, IL
Zoning 51 · permitted uses
51 · Aviston, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aviston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Lot
3.34 ac
Current owner
From public records · entity-resolved
450 West First Street Snf LLC
Entity
Mailing address
31100 SOLON RD, SOLON, OH 44139-3462
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
450 West First Street Snf LLC
—
Deed
related
$5,576,000 · Greystone Funding Corp
Mar 9, 2020
$1,600,000
450 West First Street Snf LLC
Aviston Countryside Manor INC
Grant Deed
$28,300,000 · Greystone Svcng Corp
Jul 13, 2015
—
Aviston Countrysidee Manor INC
King Jerry Trust
Warranty Deed
—
Jan 17, 2013
—
Jrk Taylorville LLC
King Jerry Living Trust
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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