Entity Owned 
For Lease
1 / 16
$900,000
630 4Th St W, Milan, IL 61264
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Property summary
AI-generated overview
The property is a two-building manufacturing site totaling 45,152 square feet on 2.76 acres (MOL), located at 630 4th Street W, Milan, IL 61264. The principal 35,252-square-foot building includes approximately 5,280 square feet of office space, six restrooms, a conference room, storage closets, an open bullpen/work area, and a breakroom; production support features include 3-phase power, eight 1–3 ton crane systems, two dock doors (including one pit dock), and full sprinkler coverage. Building improvements include LED lighting, interior and exterior painting, exterior tuck pointing, and A/C installed in 2023. The additional 9,900-square-foot building has an open layout with a small office, radiant ceiling heat, one 10-foot overhead door, and one 12-foot dock door; its electrical system was updated in early 2025 to add 3-phase power and LED lighting, and it does not include A/C. The site is zoned I-1 and the buildings were constructed in 1950.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
FRAME
Total area
45,152 SF
Lot
2.76 ac (120,226 SF)
Zoning code
MIL
APN
16-23-400-005
UPID
US28-1774067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$900k
Owner & transaction history
since 2021
1 recorded transaction
Zoning & alternative use
MIL · Milan, IL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$900k
Value range
$810k – $990k
±10% around blend
Estimated value / SF
$20 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$810k
blend $900k
$990k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
45,152 SF
Lot area
2.76 ac
Year built
1950
Stories
1
APN
16-23-400-005
Zoning
MIL
Assessed value
$339,157
Annual tax
$32,617
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.16M
Range $1.10M – $2.11M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$900k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 37 sales
$35
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $20/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$339k
Move the market yield to see immediate price impact.
Value / SF
$8
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$21k
$427k
$305k
$237k
$24k
$475k
$339k
$264k
$26k
$522k
$373k
$290k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$32,617
Tax year 2022
Assessed value
$339,157
Assessed 2022
Previous assessed
$321,171
+5.6% YoY
Effective rate
9.62%
On assessed value
Assessed land
$28,486
Assessed improvement
$310,671
Land market value
$85,458
Improvement market value
$932,013
Total market value
$1,017,471
Applied tax rate
11,006.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1950
Construction
FRAME
Heating
NONE
Stories
1
Total area
45,152 SF
Lot
2.76 ac (120,226 SF)
Zoning code
MIL
APN
16-23-400-005
UPID
US28-1774067
Jurisdiction
ROCK ISLAND
Zoning & alternative use
MIL · Milan, ILZoning MIL · permitted uses
MIL · Milan, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
NONE
Stories
1
Lot
2.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MIL
Jurisdiction
Milan, IL
Recorded code
MIL
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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