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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Warehouses
506 High Pt Ln 526, East Peoria, IL 61611-9327
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-3413533
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Total area
9,750 SF
Lot
2.07 ac (90,169 SF)
APN
05-05-03-300-003
UPID
US28-3413533
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
$1.31M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$1.33M
Owner & transaction history
Lopez LLC Series 5 · 1 yrs held
Lopez LLC Series 5
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+222.1%
Commercial (general)
$845,000
+80.1%
Auto repair, garage
$825,000
+76.4%
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
$1,285,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,510,000
Change: +222% · Conversion: Difficult
COMMERCIAL (GENERAL)
$845,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +76% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.44M (May 25 2021)
Last sale anchor
$1.44M
May 25 2021
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
$136 / 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
$35,846
Tax year 2023
Assessed value
$371,100
Assessed 2023
Previous assessed
$371,100
+0.0% YoY
Effective rate
9.66%
On assessed value
Assessed land
$37,500
Assessed improvement
$333,600
Land market value
$112,500
Improvement market value
$1,000,800
Total market value
$1,113,300
Applied tax rate
5,010.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
3
Stories
1
Total area
9,750 SF
Lot
2.07 ac (90,169 SF)
APN
05-05-03-300-003
UPID
US28-3413533
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1992
Heating
NONE
Stories
1
Buildings
3
Lot
2.07 ac
Current owner
From public records · entity-resolved
Lopez LLC Series 5
Entity
Mailing address
640 INDUSTRIAL DR, CARY, IL 60013-1944
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Lopez LLC Series 5
Lopez LLC
Intrafamily Transfer
related
—
May 25, 2021
$1,440,000
Lopez LLC
Ptnecrest High Point Lane LLC
Warranty Deed
$1,152,000 · First State Bank
Mar 30, 2020
—
Pinecrest High Point Lane LLC
—
Deed
related
$966,769 · First Mid Bk&tr NA
Nov 26, 2019
—
Pinecrest High Point Lane LLC
—
Deed
related
$177,180 · First Mid Bk&tr NA
Jun 27, 2019
—
Pinecrest High Point Lane LLC
—
Deed
related
$178,375 · First Mid Bk&tr NA
Apr 24, 2018
—
Pinecrest High Point Lane LLC
—
Deed
related
$180,000 · Soy Cap Bk&tr
May 27, 2008
$1,800,000
Pinecrest High Point Lane LLC
Mbd
Warranty Deed
$1,600,000 · Soy Cap Bk&tr
—
—
Pinecrest High Point Lane LLC
—
Deed Of Trust
related
$100,000 · Soy Cap Bk&tr
—
—
Pinecrest High Point Lane LLC
—
Loan Modification
related
$178,375 · First Mid Bk&tr NA
—
—
Pinecrest High Point Lane LLC
—
Loan Modification
related
$971,854 · First Mid Bk&tr NA
—
—
Pinecrest High Point Lane LLC
—
Loan Modification
related
$984,277 · First Mid Bk&tr NA
—
—
Pinecrest High Point Lane LLC
—
Loan Modification
related
$177,180 · First Mid Bk&tr NA
—
—
Pinecrest High Point Lane LLC
—
Loan Modification
related
$176,503 · First Mid Bk&tr NA
—
—
Pinecrest High Point Lane LLC
—
Loan Modification
related
$966,769 · First Mid Bk&tr NA
—
—
Pinecrest High Point Lane LLC
—
Deed Of Trust
related
$180,000 · Soy Cap Bk&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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