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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Commercial real estate
525 Walnut St, Oglesby, IL 61348-1454
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-4454900
Property summary
AI-generated overview
This exceptional self-storage opportunity, Bon Voyage Storage, is listed at $2,200,000. Located at 525 W Walnut St, Oglesby, IL 61348, this custom-built facility boasts 70,000 square feet of net rentable space, ideal for boat and RV storage. Its prime location in downtown Oglesby, near Starved Rock State Park, benefits from the area's significant tourism, attracting 2.3 million visitors annually. With over 5,200 vehicles passing daily, this highly visible facility enjoys a strong competitive advantage, being the closest option for boat and RV storage for over 10 miles. Opened in May 2024, the facility is already experiencing strong leasing activity, with 20+ tenants secured. Features include a fully automated gate, state-of-the-art security, and various storage options (outdoor, covered, and indoor). The facility's valet-style operation maximizes space utilization. The surrounding area has a population density of 25,108 within a 5-mile radius, ensuring a robust customer base. This is a turnkey investment poised for continued growth and profitability in a high-demand market.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Total area
46,860 SF
Lot
5.43 ac (236,531 SF)
APN
18-35-209-000
UPID
US28-4454900
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
-
Cindy’s Restaurant
-
Bon Voyage Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Bon Voyage Storage LLC · 2 yrs held
Bon Voyage Storage LLC
since 2023
Last sale
$400,000
5 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 Oglesby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oglesby 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
$375,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $400k (Sep 1 2023)
Last sale anchor
$400k
Sep 1 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
$13 / 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
$2,182
Tax year 2023
Assessed value
$22,566
Assessed 2023
Previous assessed
$22,566
+0.0% YoY
Effective rate
9.67%
On assessed value
Assessed land
$21,458
Assessed improvement
$1,108
Land market value
$64,374
Improvement market value
$3,324
Total market value
$67,698
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1945
Buildings
12
Total area
46,860 SF
Lot
5.43 ac (236,531 SF)
APN
18-35-209-000
UPID
US28-4454900
Jurisdiction
LASALLE
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
1945
Buildings
12
Lot
5.43 ac
Current owner
From public records · entity-resolved
Bon Voyage Storage LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3823 13TH AVE, BROOKLYN, NY 11218-3600
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
$400,000
Bon Voyage Storage LLC
Triple 7 Properties LLC
Warranty Deed
—
May 31, 2019
$63,000
Triple 7 Properties LLC
Tc Enterprises Of Oglesby
Warranty Deed
$150,000 · First National Bank
Jul 8, 2013
$63,863
Tc Enterprises Of Oglesby INC
Heartland Real Estate Holdings LLC
Special Warranty Deed
—
Jan 21, 2013
—
Heartland Real Estate Holdings LLC
Federal Deposit Insurance Corporati
Quit Claim Deed
related
—
Sep 24, 2010
—
Citizens First National Bank
Amcore Investment Group NA
Sheriffs Deed
related
—
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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