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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Retail space
507 University Ave Champaign, IL 61820-3828
Entity Owned
~
Est. High Equity
Property ID
US28-1123819
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
APN
462107380004
UPID
US28-1123819
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
-
Yatai Restaurant Restaurant
-
KBD217 Pop Up Shop Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Thrifty Nickel's American Classifieds Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.25M
Owner & transaction history
The Meadows Realty LLC
The Meadows Realty LLC
since 2026
Last sale
$2.3M
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 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
Method
Estimation
Statistic approach
$2,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Jun 21 2023)
Last sale anchor
$2.25M
Jun 21 2023
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,492
Tax year 2023
Assessed value
$116,350
Assessed 2023
Previous assessed
$107,340
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$105,090
Assessed improvement
$11,260
Land market value
$315,270
Improvement market value
$33,780
Total market value
$349,050
Applied tax rate
4,602.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
APN
462107380004
UPID
US28-1123819
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
510 S NEIL ST, CHAMPAIGN, IL 61820-5220
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
8 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
$1,687,500 · First State Bank Of Forrest
Aug 29, 2019
—
Fast Track Realty LLC
Barr Prop Master LLC-series 1
Correction 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
Jan 2, 2015
—
Barr Properties Master LLC-ser
Mid-illinois Realty Group Vi
Quit Claim Deed
related
—
Apr 3, 2009
—
Dwb Family LLC Series 507 Univ
Barr,leslie
Quit Claim Deed
related
—
Mar 6, 2009
—
J Vance Barr
Mid-il Realty Group Vi LLC
Quit Claim Deed
related
—
Sep 27, 2006
—
Mid-il Realty Group Vi LLC
Trust 01-1195
Grant Deed
—
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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