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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Individual retail properties
535 Marion Ave, Forsyth, IL 62535-1070
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-3705552
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1999
Lot
1.01 ac (43,996 SF)
Zoning code
MUNICIPAL
APN
07-07-15-453-003
UPID
US28-3705552
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
-
Kids-N-Fitness North Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
Cadet 23 LLC · 2 yrs held
Cadet 23 LLC
since 2023
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
MUNICIPAL · Forsyth, IL
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 Forsyth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forsyth 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
$2,545,000
ML approach
$2,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10% · vs last sale $2.50M (Aug 29 2023)
Last sale anchor
$2.50M
Aug 29 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
$23,355
Tax year 2023
Assessed value
$297,659
Assessed 2023
Previous assessed
$276,068
+7.8% YoY
Effective rate
7.85%
On assessed value
Assessed land
$41,412
Assessed improvement
$256,247
Land market value
$124,248
Improvement market value
$768,818
Total market value
$893,066
Applied tax rate
7,415.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1999
Lot
1.01 ac (43,996 SF)
Zoning code
MUNICIPAL
APN
07-07-15-453-003
UPID
US28-3705552
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Forsyth, IL
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Forsyth, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forsyth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Lot
1.01 ac
Current owner
From public records · entity-resolved
Cadet 23 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
120 S LA SALLE ST STE #1200, CHICAGO, IL 60603-3427
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$2,500,000
Cadet 23 LLC
Stecknell LLC
Special Warranty Deed
—
Aug 29, 2023
—
Cadet 23 LLC
Stecknell LLC
Quit Claim Deed
related
—
Apr 14, 2005
$343,000
Stecknell LLC
Dowd Developmen Co INC
Warranty 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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