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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Commercial land
505 Locust St, Delavan, IL 61734-9225
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1661757
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1969
Total area
9,728 SF
Lot
0.56 ac (24,394 SF)
APN
21-21-09-403-004
UPID
US28-1661757
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$880k
Owner & transaction history
City Of Delano · 6 yrs held
City Of Delano
since 2019
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 Delavan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delavan 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Current use
AUTO REPAIR, GARAGE
$825,000
Change: -1% · Conversion: Difficult
RESTAURANT
$685,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
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
$90 / 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
Applied tax rate
21,008.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1969
Heating
NONE
Total area
9,728 SF
Lot
0.56 ac (24,394 SF)
APN
21-21-09-403-004
UPID
US28-1661757
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
COMMERCIAL (GENERAL) Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$825,000
RESTAURANT
Est. value
$685,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1969
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
City Of Delano
Entity
Mailing address
219 S LOCUST ST, DELAVAN, IL 61734-7566
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2019
$50,000
City Of Delano
Gayln Clark
Warranty Deed
—
Oct 21, 2019
—
Gayln Clark
Go Delavan LLC
Quit Claim Deed
related
—
Jul 1, 2014
$20,000
Go Delavan LLC
Delavan INC
Warranty Deed
—
Sep 20, 2012
$130,000
Delavan INC
Abbed,jarallah
Warranty Deed
$305,000 · Heartland Bank
May 1, 2008
$80,000
Jarallah Abbed
Swami Food Mart INC
Warranty Deed
$264,000 · Heartland Bank
Oct 11, 2007
—
Swami Food Mart INC
—
Trustees Deed
related
$330,000 · Bank Of Holland
Jun 28, 2006
$325,500
Swami Food Mart INC
W Eugene Oney
Deed
$220,000 · First Farmers State Bank
Jun 28, 2006
—
Swami Food Mart INC
Oney,w Eugene & Sherry
Quit Claim Deed
related
—
—
—
Wallace E Oney
—
Deed Of Trust
related
$137,000 · First Delavan Banking Center
—
—
Oney W E & Sherry Tr
—
Deed Of Trust
related
$1,350,000 · Havana National Bank
—
—
Jarallah A Abbed
—
Deed Of Trust
related
$200,000 · Heartland 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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