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Property profile & analytics
OFF-MARKET
Estimated value
$6,940,000
Commercial land
609 Fell Ave, Normal, IL 61761-3685
Entity Owned
4-yr Hold
Property ID
US28-2791063
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2003
Total area
51,198 SF
Lot
1.2 ac (52,272 SF)
APN
14-28-453-016
UPID
US28-2791063
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
-
Harrison Lights Interior Design
-
The Social at Illinois State Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.49M
CAP Approach
CAP
$7.98M
Comparable Approach
Comparable
$6.40M
Blend (final)
Blend
$6.94M
Owner & transaction history
Va7 Lincoln Park LLC · 4 yrs held
Va7 Lincoln Park LLC
since 2021
Last sale
$9.3M
4 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 Normal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Normal 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
$6,895,000
ML approach
$6,485,000
CAP Approach
CAP Return
Estimation
6%
$8,640,000
6.5%
$7,975,000
7%
$7,405,000
Blend value · Realmo final
$6.94M
Range $6.25M – $7.63M · ±10% · vs last sale $9.28M (Dec 20 2021)
Last sale anchor
$9.28M
Dec 20 2021
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
$136 / 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
$140,681
Tax year 2023
Assessed value
$1,643,715
Assessed 2023
Previous assessed
$1,643,715
+0.0% YoY
Effective rate
8.56%
On assessed value
Assessed land
$132,871
Assessed improvement
$1,510,844
Land market value
$398,613
Improvement market value
$4,532,537
Total market value
$4,931,150
Applied tax rate
3,007.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
312
Total area
51,198 SF
Lot
1.2 ac (52,272 SF)
APN
14-28-453-016
UPID
US28-2791063
Jurisdiction
MCLEAN
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
312
Lot
1.2 ac
Current owner
From public records · entity-resolved
Va7 Lincoln Park LLC
Entity
Mailing address
6191 N STATE HWY 161ST STE #100, IRVING, TX 75038-2290
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Va7 Lincoln Park LLC
—
Deed
related
$1,950,000 · Jll Real Estate Capital LLC
Dec 20, 2021
$9,275,000
Va7 Lincoln Park LLC
Lincoln Park Owner LLC
Special Warranty Deed
$7,050,000 · Jll Real Estate Capital LLC
Mar 20, 2019
$4,472,500
Lincoln Park Owner LLC
Sk2 Redbird Lpth I LLC
Special Warranty Deed
$5,800,000 · Readycap Commercial LLC
Oct 17, 2005
$495,000
Lincoln Park Town Homes LLC
James A Pohlmann
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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