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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Drive through restaurants
496 Washington St, East Peoria, IL 61611-2445
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-3975060
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2020
Total area
4,404 SF
Lot
0.8 ac (34,848 SF)
APN
01-01-32-205-009
UPID
US28-3975060
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
$3.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
Tanzey Properties II LLC · 5 yrs held
Tanzey Properties II LLC
since 2020
Last sale
$3.5M
7 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 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
$3,130,000
ML approach
$3,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±10% · vs last sale $3.50M (Aug 21 2020)
Last sale anchor
$3.50M
Aug 21 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
$764 / 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
$124,800
Tax year 2023
Assessed value
$1,289,190
Assessed 2023
Previous assessed
$1,289,190
+0.0% YoY
Effective rate
9.68%
On assessed value
Assessed land
$71,090
Assessed improvement
$1,218,100
Land market value
$213,270
Improvement market value
$3,654,300
Total market value
$3,867,570
Applied tax rate
1,017.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Total area
4,404 SF
Lot
0.8 ac (34,848 SF)
APN
01-01-32-205-009
UPID
US28-3975060
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
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Tanzey Properties II LLC
Entity
Mailing address
1850 MSN RDG RD, SANTA BARBARA, CA 93103-1858
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2020
$3,500,000
Tanzey Properties II LLC
Ep Downtown LLC
Special Warranty Deed
$1,300,000 · Symetra Life Insurance Co
Nov 14, 2019
—
Ep Downtown LLC
—
Trustees Deed
related
$2,450,000 · Morton Cmnty Bk
Jun 23, 2017
—
Ep Downtown LLC
—
Loan Modification
related
$34,700,000 · Privatebank & Tr
Jun 6, 2017
—
Ep Downtown LLC
—
Loan Modification
related
$33,950,000 · Great Sthrn Bk
Mar 29, 2017
—
Ep Downtown LLC
—
Deed
related
$33,950,000 · Privatebank & Tr
Jun 15, 2012
—
Ep Downtown LLC
City Of East Peoria
Special Warranty Deed
$1,614,032 · The City Of East Peoria
—
—
Ep Downtown LLC
—
Loan Modification
related
$33,950,000 · Privatebank & Tr
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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