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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Residential income homes
508 Elm St, Urbana, IL 61801-3134
Individually Owned
~
Est. High Equity
Property ID
US28-0499470
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1898
Total area
1,655 SF
Lot
0.16 ac (6,758 SF)
APN
922117110025
UPID
US28-0499470
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
-
Roundtable House Housing Cooperative
-
Roundtable House RT1 Student Housing Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Tina Butler
Tina Butler
since 2026
Last sale
$1.5M
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 Urbana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbana 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
$1,655,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.48M (Oct 15 2020)
Last sale anchor
$1.48M
Oct 15 2020
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
$955 / 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
$11,216
Tax year 2023
Assessed value
$105,440
Assessed 2023
Previous assessed
$97,090
+8.6% YoY
Effective rate
10.64%
On assessed value
Assessed land
$47,360
Assessed improvement
$58,080
Land market value
$142,080
Improvement market value
$174,240
Total market value
$316,320
Applied tax rate
9,203.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1898
Heating
CENTRAL
Stories
2
Total area
1,655 SF
Lot
0.16 ac (6,758 SF)
APN
922117110025
UPID
US28-0499470
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
Year built
1898
Heating
CENTRAL
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Tina Butler
Individual
Mailing address
1201 STEPHEN CT, INDIANOLA, IA 50125-1025
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
$340,000
Tina Butler
Mithona LLC
Warranty Deed
$255,000 · Cardinal Financial Company LP
Jun 9, 2022
—
Mithona LLC
—
Deed
related
$3,120,000 · First Fsb Of Champaign Urbana
Oct 15, 2020
$1,480,000
Mithona LLC
Norman Baxley
Warranty Deed
$1,814,500 · First Fsb Of Champaign Urbana
Aug 30, 2018
—
Norman Baxley
—
Deed
related
$248,500 · First Fsb/champaign-urbana
Jan 19, 2018
—
B Norman
—
Deed
related
$160,000 · First Fsb/champaign-urbana
Jul 10, 2017
—
Norman Baxley
—
Deed
related
$160,000 · First Fsb/champaign-urbana
Apr 16, 2009
$171,500
Norman Baxley
Urbana Development Group Nfp
Corporation Deed
$355,000 · Strategic Capital Bank
Jan 13, 2009
$168,000
Urbana Development Group Nfp
Julian B Gorski
Warranty Deed
$243,000 · First Fsb Of Champaign Urbana
May 3, 2001
$96,000
Julian B Gorski
Billhymer,stephen J
Grant Deed
$150,000 · First Fsb Champaign-urbana
Nov 12, 1996
—
Stephen J Billhymer
Bankillinois Trust Co Trustee
Grant Deed
related
—
—
—
Norman Baxley
—
Deed Of Trust
related
$100,000 · First Fsb/champaign-urbana
—
—
Norman E Baxley
—
Deed Of Trust
related
$55,000 · Scb Bank
—
—
Norman Baxley
—
Deed Of Trust
related
$40,000 · First Fsb/champaign-urbana
—
—
Norman Baxley
—
Deed Of Trust
related
$160,000 · First Fsb/champaign-urbana
—
—
B Norman
—
Deed Of Trust
related
$160,000 · First Fsb/champaign-urbana
—
—
Norman Baxley
—
Deed Of Trust
related
$248,500 · First Fsb/champaign-urbana
—
—
Norman E Baxley
—
Deed Of Trust
related
$1,370,000 · Scb Bank
—
—
Norman E Baxley
—
Deed Of Trust
related
$30,000 · Scb 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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