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Property profile & analytics
FOR SALE
Car washes
540 W Camp St, East Peoria, IL 61611
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-5665350
For Sale
1 / 2
$5,600,000
540 W Camp St, East Peoria, IL 61611
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2019
Total area
5,400 SF
Lot
1.54 ac (67,082 SF)
APN
01-01-29-405-010
UPID
US28-5665350
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$610k
Owner & transaction history
Corkar LLC · 7 yrs held
Corkar LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$835,000
+82.6%
Commercial (general)
$470,000
+2.1%
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 East Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Peoria 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$460,000
Current use
APARTMENT HOUSE (5+ UNITS)
$835,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: +2% · Conversion: Moderate
RESTAURANT
$380,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$113 / 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
$21,929
Tax year 2023
Assessed value
$226,530
Assessed 2023
Previous assessed
$226,530
+0.0% YoY
Effective rate
9.68%
On assessed value
Assessed land
$97,070
Assessed improvement
$129,460
Land market value
$291,210
Improvement market value
$388,380
Total market value
$679,590
Applied tax rate
1,018.0000
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
Car washes
Use group
CAR WASH
Status
For Sale
Year built
2019
Heating
NONE
Stories
1
Total area
5,400 SF
Lot
1.54 ac (67,082 SF)
APN
01-01-29-405-010
UPID
US28-5665350
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$460,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RESTAURANT
Est. value
$380,000
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Corkar LLC
Entity
Mailing address
PO BOX 107, PRINCEVILLE, IL 61559-0107
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Corkar LLC
—
Deed
related
$639,082 · Community State Bank
Oct 27, 2020
—
Corkar LLC
—
Deed
related
$4,009,000 · Community St Bk
Sep 2, 2020
—
Corkar LLC
—
Deed
related
$4,009,000 · Community St Bk
Jan 8, 2020
—
Corkar LLC
—
Deed
related
$4,009,000 · Community St Bk
Apr 25, 2019
—
Corkar LLC
—
Deed
related
$3,784,000 · Community State Bank
Dec 13, 2018
$840,000
Corkar LLC
Community State Bank
Warranty Deed
$688,653 · Community State Bank
Dec 13, 2018
—
Community St Bk
Gem At Camp Street LLC
Deed In Lieu Of Foreclosure
related
—
Jul 9, 2018
—
Gem At Camp Street LLC
—
Deed
related
$802,962 · Community St Bk
Sep 28, 2016
—
Gem At Camp Street LLC
—
Deed
related
$827,119 · Community St Bk
Oct 26, 2007
—
Gem At Campstreet LLC
Wct Properties INC
Warranty Deed
$1,957,714 · Morton Community Bank
Mar 9, 2006
$656,500
Wct Properties INC
Ruan INC
Warranty Deed
$656,250 · Heartland Bank
—
—
Gem At Camp Street LLC
—
Loan Modification
related
$805,520 · Community St Bk/starke
—
—
Corkar LLC
—
Loan Modification
related
$4,009,000 · Community St Bk
—
—
Gem At Camp Street LLC
—
Loan Modification
related
$827,119 · Community St Bk
—
—
Gem At Camp Street LLC
—
Loan Modification
related
$802,962 · Community St Bk
—
—
Corkar LLC
—
Loan Modification
related
$4,009,000 · Community St Bk
—
—
Corkar LLC
—
Loan Modification
related
$4,009,000 · Community St Bk
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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