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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Commercial real estate
500 Evergreen Ln Mount Morris, IL 61054-9723
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-2866448
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
20 ac (871,200 SF)
APN
08-34-200-008
UPID
US28-2866448
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
-
Mt Morris Chiropractic Alternative Medicine Practice
-
Pine Crest Manor Retirement Community Nursing Home
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Audiologist
-
Bruce Denton Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Healthcare Property LLC · 3 yrs held
Healthcare Property LLC
since 2022
Last sale
$1.3M
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 Mount Morris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Morris 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
$1,245,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.29M (Dec 9 2022)
Last sale anchor
$1.29M
Dec 9 2022
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
—
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
$2,022
Tax year 2022
Assessed value
$383,442
Assessed 2023
Previous assessed
$383,442
+0.0% YoY
Effective rate
0.53%
On assessed value
Assessed land
$72,054
Assessed improvement
$311,388
Land market value
$216,162
Improvement market value
$934,164
Total market value
$1,150,326
Applied tax rate
1,640.0000
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
Heating
NONE
Lot
20 ac (871,200 SF)
APN
08-34-200-008
UPID
US28-2866448
Jurisdiction
OGLE
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
Lot
20 ac
Current owner
From public records · entity-resolved
Healthcare Property LLC
Entity
Mailing address
2711 W HOWARD ST, CHICAGO, IL 60645-1303
Ownership since
2022
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
Dec 9, 2022
$1,294,000
Healthcare Property LLC
Pinecrest Grove INC
Special Warranty Deed
$5,250,000 · Midland States Bank
Apr 8, 2009
—
Pinecrest Grove INC
Brethren Home
Grant Deed
related
—
—
—
Brethren Home
—
Deed Of Trust
related
$600,000 · Midland States Bank
—
—
Pinecrest Grove INC
—
Deed Of Trust
related
$8,575,000 · Midland States Bank
—
—
Pinecrest Village
—
Loan Modification
related
$300,000 · Amcore Bank
—
—
Pinecrest Grove INC
—
Deed Of Trust
related
$100,000 · Harris NA
—
—
Pinecrest Village
—
Deed Of Trust
related
$10,067,610 · Amcore Bank
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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