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    Property profile & analytics

    600 Holton St Galesburg, IL 61401

    • Churches & religious facilities
    • 2,832 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2942196
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sacred Church of God / Church

    Property Details for 600 Holton St

    Property size
    2,832 SF
    Property type
    Churches & religious facilities
    Property subtype
    Commercial real estate

    Description

    Discover a charming opportunity that blends tradition and community in one idyllic setting. Nestled within a neighborhood, this quaint brick church is more than just a place of worship – it's a versatile haven for connection and gathering. The church presents a canvas of possibilities for those seek ... ing a unique space to call their own. What sets this property apart is its lower level, a spacious haven perfectly suited for a variety of gatherings, events, and communal activities. Whether you envision cozy book clubs, engaging workshops, or vibrant social events, the lower level offers a welcoming environment for all. Embrace the chance to own not just a property, but a hub of togetherness and where cherished memories are waiting to be made. Don't miss the chance to own this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.381387
    Latitude
    40.9398993

    Comparable in this City

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      2,832 SF

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      Versatile church with spacious lower level for gatherings and events.
      600 Holton St, Galesburg, IL 61401
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      3,682 SF

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      Retail Space For Sale

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      Galesburg Outlot Opportunity

      0.8 acre commercial land for sale or lease.
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      Galesburg Warehouse - Great Investment

      Heavy industrial warehouse, 9,760 sq ft, fenced lot.
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    Similar Nearby for Sale

    • Contact for pricing
      2,832 SF

      Charming Brick Church For Sale

      Versatile church with spacious lower level for gatherings and events.
      600 Holton St, Galesburg, IL 61401
      View Details
    • Contact for pricing
      3,682 SF

      Galesburg Commercial Real Estate For Sale

      Commercial real estate with drive-thru, leased to Steak n Shake.
      1066 N Henderson St, Galesburg, IL 61401
      View Details
    • Contact for pricing
      4,687 SF

      Retail Space For Sale

      Retail space with 4,687 square feet available for purchase.
      1727 N Henderson St, Galesburg, IL 61401
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      Galesburg Outlot Opportunity

      0.8 acre commercial land for sale or lease.
      National Blvd, Galesburg, IL 61401
      View Details
    • $425,000
      9,760 SF

      Galesburg Warehouse - Great Investment

      Heavy industrial warehouse, 9,760 sq ft, fenced lot.
      1006 Monmouth Blvd, Galesburg, IL 61401
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      7,462 SF

      Freestanding Retail Property Sublease Opportunity

      Freestanding retail property for sublease on a half-acre lot.
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      Versatile Commercial Building on State Route

      Commercial building with office, retail, and customizable space for lease.
      825 N Henderson St, Galesburg, IL 61401
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      Office Space Available For Rent

      Office space available for rent at Veterans Drive, Galesburg, IL.
      2470-2474 Veterans Dr, Galesburg, IL 61401
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    • $16 SF/Yr
      4,647 SF

      Galesburg Restaurant - For Lease

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      Retail Build-to-Suit Site

      Retail space for rent in Galesburg, Illinois.
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      5,000 SF

      Retail Space Available For Lease

      Former Shoe Sensation endcap space available for lease.
      2472 Veterans Dr, Galesburg, IL 61401
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    600 Holton St
    Galesburg, IL 61401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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