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Property profile & analytics
OFF-MARKET
Office Spaces
505 University Ave Champaign, IL 61820-3915
Entity Owned
~
Est. High Equity
Property ID
US28-1821192
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
APN
422012376017
UPID
US28-1821192
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
-
Brave Beginnings Counseling, PLLC Crisis Center Medical Clinic
-
Kallembach & Associates Tax Preparation
-
Fida Abdelrasoul Counselor Practitioner Service Location
-
Laurie Gilbert Foster Care Service Social Service Agency
-
Lauren Kampwirth Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Meadows Realty LLC
The Meadows Realty LLC
since 2026
Last sale
$135,000
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 Champaign submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Champaign 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,402
Tax year 2023
Assessed value
$403,660
Assessed 2023
Previous assessed
$372,380
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$96,340
Assessed improvement
$307,320
Land market value
$289,020
Improvement market value
$921,960
Total market value
$1,210,980
Applied tax rate
4,202.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
APN
422012376017
UPID
US28-1821192
Jurisdiction
CHAMPAIGN
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
Current owner
From public records · entity-resolved
The Meadows Realty LLC
Entity
Mailing address
505 W UNIVERSITY AVE, CHAMPAIGN, IL 61820-3915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
$2,425,000
The Meadows Realty LLC
505 University Plaza LLC
Warranty Deed
$1,576,250 · First State Bank & Trust
Jun 21, 2023
$2,250,000
505 Univercity Plaza LLC
Fast Track Realty LLC
Special Warranty Deed
—
Feb 13, 2023
—
Helenmark LLC
Christie L Ramshaw
Quit Claim Deed
related
—
Dec 27, 2022
$135,000
Christie L Ramshaw
Cjcm LLC
Warranty Deed
—
Jun 14, 2021
—
Fast Track Realty LLC
—
Deed
related
$1,760,000 · Prairie State Bank & Trust
Nov 13, 2019
—
Des 2015 LLC
Des 2015 LLC
Quit Claim Deed
related
—
Oct 3, 2019
—
Cjcm LLC-series Cv505
—
Loan Modification
related
$4,265,977 · Busey Bk
Aug 29, 2019
—
Fast Track Realty LLC
Barr Properties Master LLC
Deed
related
—
Jun 3, 2019
$2,200,000
Fast Track Realty LLC
Barr Properties Master LLC
Special Warranty Deed
$1,760,000 · Morton Community Bank
Dec 18, 2017
—
Cjcm,llc-series Cv505
Champaign Vlg 2 LLC
Grant Deed
—
Apr 20, 2012
—
Champaign Village 2 LLC-series
—
Deed Of Trust
related
$3,000,000 · Busey Bank
Dec 16, 2011
$1,278,000
Champaign Village 2 LLC-series
Stadiumview North LLC
Warranty Deed
—
Jun 1, 2007
$1,300,000
Stadiumview North LLC
Richardson,ivan D & Mary L
Grant Deed
$1,300,000 · Busey Bank
Jul 12, 2000
$550,000
Ivan D Richardson
Applied Research Associates
Grant Deed
$152,347 · Central Illinois Bank
Jul 12, 2000
—
Ivan D Richardson
—
Deed Of Trust
related
$1,750,000 · Central Illinois Bank
—
—
Ivan D Richardson
—
Deed Of Trust
related
$850,000 · Busey Bank
—
—
Champaign Village 2 LLC-series
—
Deed Of Trust
related
$460,099 · Dennis E Smith
—
—
Richardson D
—
Deed Of Trust
related
$950,000 · Central Illinois Bank
—
—
Champaign Village 2 LLC-series
—
Deed Of Trust
related
$479,863 · Edgar County Bank & Trust Co
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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