Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Washington St Peoria, IL 61602-1519

    • Industrial properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1061590
    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

    • CEFCU (ATM) / Atm
    • First Baptist Church / Church

    Property Details for 600 Washington St

    Property type
    Industrial properties
    APN
    18-09-335-001
    APU
    1809335001

    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
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5951
    Latitude
    40.6862
    CBSA code
    37900
    CBSA name
    PEORIA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,575
    $123,020
    $0.00
    $123,020
    -
    $369,060
    $0.00
    $369,060

    Comparable in this City

    • Value Estimation by Request

      100 Walnut St

      INDUSTRIAL (GENERAL)
      100 Walnut St, Peoria, IL 61602-1552
      View Details
    • Value Estimation by Request

      1616 Washington St

      INDUSTRIAL (GENERAL)
      1616 Washington St, Peoria, IL 61602-1750
      View Details
    • Value Estimation by Request

      1506 Washington St

      INDUSTRIAL (GENERAL)
      1506 Washington St, Peoria, IL 61602-1748
      View Details
    • Value Estimation by Request

      66 Sanger St

      INDUSTRIAL (GENERAL)
      66 Sanger St, Peoria, IL 61602-1935
      View Details
    • Value Estimation by Request
      1.60 Acres

      Sanger St

      INDUSTRIAL (GENERAL) • 1.60 Acres
      Sanger St, Peoria, IL 61602
      View Details
    • Value Estimation by Request

      Cedar Ave

      INDUSTRIAL (GENERAL)
      Cedar Ave, Peoria, IL 61602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,658 SF

      Downtown Commercial Building For Sale

      Two-story commercial building with usable basement in central business district.
      201 NE Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing
      12,658 SF

      Downtown Commercial Building with Usable Basement

      Two-story commercial building with a usable basement in downtown Peoria.
      201 NE Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing
      6,626 SF

      Downtown Peoria Office Condominium

      6,626 SF office space with downtown views for sale.
      456 Fulton St, Peoria, IL 61602
      View Details
    • Contact for pricing
      20,038 SF

      Luxury Lofts in Waterfront Place

      Premier residential portfolio in Peoria's vibrant Warehouse District.
      311 Southwest Water St, Peoria, IL 61602
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial/Retail Building Near CBD

      Industrial/retail building in close proximity to the CBD.
      1819 SW Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing
      3,300 SF

      Warehouse District Flex Building

      3,300 SF flex building in Peoria's Warehouse District.
      718 SW Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Loft Style Space For Lease

      Street-level loft space in warehouse district, suitable for office/fitness.
      428 SW Washington St, Peoria, IL 61602
      View Details
    • Sponsored
      Contact for pricing

      IL, Peoria - Main St

      Discover many ways to work your way in IL, Peoria - Main St
      416 Main St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Mixed-Use Property in Warehouse District

      20,112 SF mixed-use property near downtown Peoria entertainment.
      906 SW Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      3,111 SF space with covered and rooftop parking.
      114 NE Madison Ave, Peoria, IL 61602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Washington St
    Peoria, IL 61602-1519
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!