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Property profile & analytics
OFF-MARKET
Commercial real estate
605 1st Ave Colona, IL 61241-9054
Individually Owned
10-yr Hold
Free & Clear
Property ID
US28-2912792
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Total area
1,548 SF
Lot
1.36 ac (59,242 SF)
APN
06-03-451-016
UPID
US28-2912792
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David Kershaw · 10 yrs held
David Kershaw
since 2016
6 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 Colona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colona 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,415
Tax year 2021
Assessed value
$14,470
Assessed 2023
Previous assessed
$14,470
+0.0% YoY
Effective rate
9.78%
On assessed value
Assessed land
$14,134
Assessed improvement
$336
Land market value
$42,402
Improvement market value
$1,008
Total market value
$43,410
Applied tax rate
60,012.0000
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
1958
Heating
NONE
Total area
1,548 SF
Lot
1.36 ac (59,242 SF)
APN
06-03-451-016
UPID
US28-2912792
Jurisdiction
HENRY
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
1958
Heating
NONE
Lot
1.36 ac
Current owner
From public records · entity-resolved
David Kershaw
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 657, DES MOINES, IA 50306-0657
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2016
—
David Kershaw
Veloz,brenda
Quit Claim Deed
related
—
Jan 14, 2016
—
Duane Kershaw
Kershaw Darwin D Trust
Quit Claim Deed
related
—
Jul 22, 2014
—
Kershaw,darwin D Trust
Kershaw,darwin D & Barbara J
Quit Claim Deed
related
—
Oct 15, 2008
—
Darwin D Kershaw
Darwin D Kershaw
Quit Claim Deed
related
—
Mar 24, 2008
$874,000
Colona Park LLC
Berniece Kershaw Revocable Living T
Trustees Deed
related
$607,750 · Wells Fargo Bank NA
—
—
Jocebee LLC
—
Deed Of Trust
$1,200,000 · Ih Ms Vly Cu
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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