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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Commercial real estate
614 Smt Ave, Collinsville, IL 62234-3728
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-5829451
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
30,104 SF
APN
13-2-21-28-18-303-001
UPID
US28-5829451
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
-
Collinsville Rehabilitation and Health Care Center Nursing Home
-
Dr. Phillip Greene Pediatrician Physician
-
Amber Pendegraft Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$2.54M
Owner & transaction history
Ctr Partnership LP · 1 yrs held
Ctr Partnership LP
since 2025
Last sale
$2.6M
7 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 Collinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collinsville 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
$2,475,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,520,000
Current use
INDUSTRIAL (GENERAL)
$2,510,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±10% · vs last sale $2.61M (May 12 2025)
Last sale anchor
$2.61M
May 12 2025
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
$84 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$34,226
Tax year 2022
Assessed value
$517,650
Assessed 2022
Previous assessed
$517,650
+0.0% YoY
Effective rate
6.61%
On assessed value
Assessed land
$20,320
Assessed improvement
$497,330
Land market value
$61,021
Improvement market value
$1,493,483
Total market value
$1,554,504
Applied tax rate
97.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
NONE
Total area
30,104 SF
APN
13-2-21-28-18-303-001
UPID
US28-5829451
Jurisdiction
MADISON
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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1980
Heating
NONE
Current owner
From public records · entity-resolved
Ctr Partnership LP
Entity
Free & Clear · 1 yrs held
Mailing address
830 W TRAILCREEK DR, PEORIA, IL 61614-1862
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
$2,605,500
Ctr Partnership LP
Collinsville Re LLC
Special Warranty Deed
—
Mar 30, 2020
—
Collinsville Re LLC
Petersen Health Care Xi LLC
Quit Claim Deed
related
$27,000,000 · Gmf Petersen Note LLC
Sep 17, 2018
—
Petersen Health Care Xi LLC
—
Loan Modification
related
$24,000,000 · Bank Leumi USA
Apr 13, 2015
—
Petersen Health Care Xi LLC|robings LLC
Petersen Health Ents LLC
Quit Claim Deed
$24,000,000 · Bank Leumi USA
Apr 11, 2008
—
Petersen Health Ents LLC
—
Trustees Deed
related
$400,000 · Associated Bank
Aug 4, 2006
$1,665,000
Petersen Health Ents LLC
First Careamerica Corp
Warranty Deed
$1,680,000 · Associated Bank
—
—
Petersen Health Ents LLC
—
Deed Of Trust
related
$600,000,000 · First Bank
—
—
Petersen Health Care Xi Llv
—
Loan Modification
related
$24,000,000 · Bank Leumi USA
—
—
Petersen Health Ents LLC
—
Deed Of Trust
related
$1,648,480 · Farmers & Mechanics Bank
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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