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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Investment properties
505 Poplar St Carbondale, IL 62901-2778
Entity Owned
~
Est. High Equity
Property ID
US28-2844478
Property summary
AI-generated overview
This exceptional investment opportunity presents a ten-unit apartment complex located at 505 S. Poplar Street, Carbondale, Illinois, 62901. The property boasts a total square footage of 7,308 and is classified as multifamily and commercial. The building comprises a mix of unit sizes: five units feature two bedrooms each, while the remaining five units offer one bedroom each. All units are equipped with essential appliances including a range, dishwasher, and refrigerator. A significant convenience for residents, eight of the ten units include in-unit washer and dryer hookups. Ample parking is available for residents and guests. Please note that the 2022 financial records reflect the negative impact of the COVID-19 pandemic. Despite this, the property presents a strong potential for future growth and profitability, making it an attractive investment opportunity in the thriving Carbondale market. The asking price for this property is $319,000. This is a prime opportunity for investors seeking a multifamily property in a desirable location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.44 ac (19,166 SF)
APN
15-21-327-006
UPID
US28-2844478
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
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Loyd Holdings LLC
Loyd Holdings LLC
since 2025
Last sale
$500
5 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 Carbondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carbondale 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
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±10% · vs last sale $500 (Nov 24 2025)
Last sale anchor
$500
Nov 24 2025
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
$11,668
Tax year 2022
Assessed value
$94,290
Assessed 2022
Previous assessed
$89,706
+5.1% YoY
Effective rate
12.37%
On assessed value
Assessed land
$9,568
Assessed improvement
$84,722
Land market value
$28,704
Improvement market value
$254,166
Total market value
$282,870
Applied tax rate
1,006.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
0.44 ac (19,166 SF)
APN
15-21-327-006
UPID
US28-2844478
Jurisdiction
JACKSON
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
0.44 ac
Current owner
From public records · entity-resolved
Loyd Holdings LLC
Entity
Mailing address
182 PONDER LN, TAYLORS, SC 29687-7138
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
$500
Loyd Holdings LLC
Michael J Karakas
Warranty Deed
$250,000 · Loyd Lending LLC
Sep 18, 2019
$249,000
Michael J Karakas
Rosewood Prop Of Sthrn Illinois L
Warranty Deed
—
Dec 22, 2017
—
Rosewood Props Of Sthrn Illinois
—
Deed
related
$471,839 · Bank Of Carbondale
Jul 9, 2013
$287,000
Rosewood Props Of Sthrn Illinois
Bryant Marsha G
Grant Deed
related
—
—
—
Rosewood Props Of Sthrn Illinois
—
Deed Of Trust
related
$471,839 · Bank Of Carbondale
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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