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Property profile & analytics
OFF-MARKET
Industrial properties
6311 Development Dr, Peoria, IL 61604-5283
Individually Owned
29-yr Hold
Free & Clear
Property ID
US28-1663189
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
3.26 ac (142,006 SF)
APN
17-10-126-002
UPID
US28-1663189
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
-
Kuusakoski glass recycling Recycling Center Waste Management Facility
-
Design Plus Cabinet & Granite Gallery General Contractor Renovation Specialist
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
Michael F Seibert · 29 yrs held
Michael F Seibert
since 1997
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 Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peoria 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 2023Property tax & assessments
Tax year 2023
Tax billed
$27,562
Tax year 2023
Assessed value
$304,370
Assessed 2023
Previous assessed
$293,340
+3.8% YoY
Effective rate
9.06%
On assessed value
Assessed land
$50,890
Assessed improvement
$253,480
Land market value
$152,670
Improvement market value
$760,440
Total market value
$913,110
Applied tax rate
329.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
3.26 ac (142,006 SF)
APN
17-10-126-002
UPID
US28-1663189
Jurisdiction
PEORIA
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
Heating
NONE
Lot
3.26 ac
Current owner
From public records · entity-resolved
Michael F Seibert
Individual
Free & Clear · 29 yrs held
Mailing address
6311 W DEVELOPMENT DR, PEORIA, IL 61604-5283
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
—
Michael F Seibert
—
Deed
related
$300,000 · Citizens Equity First Cu
Apr 4, 2017
—
Michael F Seibert
—
Deed
related
$200,000 · Southside Trust & Savings Bank
Oct 3, 2016
—
Michael F Seibert
—
Deed
related
$144,048 · South Side Trust & Sav Bank
May 2, 1997
—
Michael F Seibert
Peoria County
Quit Claim Deed
related
—
—
—
Michael F Seibert
—
Deed Of Trust
related
$113,932 · South Side Trust & Sav Bank
—
—
Michael F Seibert
—
Deed Of Trust
related
—
—
—
Michael F Seibert
—
Loan Modification
related
$219,386 · South Side Trust & Sav Bank
—
—
Michael F Seibert
—
Deed Of Trust
related
$285,000 · South Side Trust & Sav Bk Peor
—
—
Michael F Seibert
—
Deed Of Trust
related
—
—
—
Michael F Seibert
—
Deed Of Trust
related
$150,000 · South Side Trust & Sav Bk Peor
—
—
Michael F Seibert
—
Deed Of Trust
related
$300,000 · Vicki
—
—
Michael F Seibert
—
Deed Of Trust
related
$250,000 · South Side Trust & Sav Bk Peor
—
—
Michael F Seibert
—
Deed Of Trust
related
$200,000 · South Side Trust & Sav Bank
—
—
Michael F Seibert
—
Deed Of Trust
related
$150,000 · South Side Trust & Sav Bank
—
—
Michael F Seibert
—
Deed Of Trust
related
—
—
—
Michael F Seibert
—
Deed Of Trust
related
—
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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