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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Commercial real estate
6657 Frontage Rd, Worden, IL 62097-2433
Entity Owned
Free & Clear
Property ID
US28-2419162
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
6,144 SF
Lot
9.83 ac (428,195 SF)
APN
11-1-10-11-00-000-005
UPID
US28-2419162
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
$750k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$750k
Owner & transaction history
Rk3 Farms LLC
Rk3 Farms LLC
since 2025
Last sale
$750,000
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 Worden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Worden 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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$855,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$660,000
Current use
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Jun 6 2024)
Last sale anchor
$750k
Jun 6 2024
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
$122 / 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
$13,866
Tax year 2023
Assessed value
$193,390
Assessed 2023
Previous assessed
$193,390
+0.0% YoY
Effective rate
7.17%
On assessed value
Assessed land
$81,680
Assessed improvement
$111,710
Land market value
$245,040
Improvement market value
$335,130
Total market value
$580,170
Applied tax rate
67.0000
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
2002
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
6,144 SF
Lot
9.83 ac (428,195 SF)
APN
11-1-10-11-00-000-005
UPID
US28-2419162
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
$660,000
COMMERCIAL (GENERAL) Current
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
9.83 ac
Current owner
From public records · entity-resolved
Rk3 Farms LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 321, HAMEL, IL 62046-0321
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2025
—
Rk3 Farms LLC
Klenke Family Trust
Quitclaim Deed
related
—
Jun 6, 2024
$750,000
Sievers Properties II LLC
Geeding Properties LLC
Special Warranty Deed
—
Aug 24, 2022
—
Klenke Family Trust
Martha Klenke
Deed
—
May 7, 2020
—
Geeding Properties LLC
—
Deed
related
$455,000 · Bank Of Old Monroe
Mar 3, 2020
$650,000
Geeding Properties LLC
David P Steinmann
Warranty Deed
—
Oct 2, 2019
—
David P Steinmann
—
Deed
related
$90,000 · First Nat'l Bk/staunton
Oct 3, 2017
—
David P Steinmann
—
Deed
related
$85,528 · First Nat'l Bk/staunton
Mar 20, 2008
—
Gary W Sievers
Sievers,walter & Ruth
Quit Claim Deed
related
—
May 2, 2002
$400,000
David P Steinmann
Uterbrink Builders INC
Grant Deed
$330,000 · First Federal Savings & Loan
Nov 9, 2001
$76,500
Unterbrink Builders INC
Poeling,paul
Grant Deed
$76,590 · Bank Of Edwardsville
Jan 11, 2000
$257,000
Grandview Farm LP
Nettie Poeling Estate
Grant Deed
$256,947 · Alta Tierra Co
—
—
David P Steinmann
—
Deed Of Trust
related
$294,000 · First Nat'l Bk/staunton
—
—
David P Steinmann
—
Loan Modification
related
$90,000 · First Nat'l Bk/staunton
—
—
Geeding Properties LLC
—
Deed Of Trust
related
$455,000 · Bank Of Old Monroe
—
—
Steve Riddle
—
Deed Of Trust
related
$176,457 · J P Morgan Chase Bank
—
—
David P Steinmann
—
Deed Of Trust
related
$383,025 · First National Bank Staunton
—
—
Unterbrink Builders INC
—
Deed Of Trust
related
$350,000 · Bank Of Edwardsville
—
—
David P Steinmann
—
Loan Modification
related
$147,646 · First National Bank Staunton
—
—
David P Steinmann
—
Loan Modification
related
$233,930 · First National Bank Staunton
—
—
David P Steinmann
—
Loan Modification
related
$111,356 · First Nat'l Bk/staunton
—
—
David P Steinmann
—
Loan Modification
related
$70,063 · First Nat'l Bk/staunton
—
—
David P Steinmann
—
Loan Modification
related
$85,528 · First Nat'l Bk/staunton
—
—
David P Steinmann
—
Deed Of Trust
related
$326,428 · First National Bank Staunton
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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