Property profile

510 Broadway Normal, IL 61761

OFF-MARKET
Commercial real estate
Property ID
US28-3207436
34,966 SF 1.7 ac lot Built 1962
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1962
Total area 34,966 SF
Lot 1.7 ac (73,920 SF)
Zoning code R-3A
APN 14-28-479-009
UPID US28-3207436

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home

Location

510 Broadway Normal, IL 61761-3762
Normal metro Census 400 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.31M
Blend (final) Blend
$690k

Owner & transaction history

since 2018
3 recorded transactions
2018
$2.4M
2018
Price N/A
2008
Price N/A

Zoning & alternative use

R-3A · Normal, IL
Zoning description

The intent of this R-3A Residence District is to facilitate the development of residential districts for primarily multiple family residences, which may generally serve as a zone of transition between non residential dis…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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