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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Industrial properties
8 Ave W Ave Milan, IL 61264-2332
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-1864307
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
FRAME
Total area
26,875 SF
Lot
0.94 ac (40,946 SF)
Zoning code
MIL
APN
16-23-401-014
UPID
US28-1864307
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
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$610k
Owner & transaction history
Daniel M Bennett · 2 yrs held
Daniel M Bennett
since 2024
7 recorded transactions
Zoning & alternative use
MIL · Milan, IL
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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
by Request
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$950,000
Current use
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$23 / 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
$19,923
Tax year 2022
Assessed value
$207,166
Assessed 2022
Previous assessed
$196,179
+5.6% YoY
Effective rate
9.62%
On assessed value
Assessed land
$26,033
Assessed improvement
$181,133
Land market value
$78,099
Improvement market value
$543,399
Total market value
$621,498
Applied tax rate
11,006.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
NONE
Stories
1
Total area
26,875 SF
Lot
0.94 ac (40,946 SF)
Zoning code
MIL
APN
16-23-401-014
UPID
US28-1864307
Jurisdiction
ROCK ISLAND
Zoning & alternative use
MIL · Milan, IL
Zoning MIL · permitted uses
MIL · Milan, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$950,000
INDUSTRIAL (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
1960
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Daniel M Bennett
Individual
Free & Clear · 2 yrs held
Mailing address
11528 9TH ST W, MILAN, IL 61264-3934
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2025
—
Bennett Real Estate Investments LLC
—
Deed
related
$757,961 · First Central State Bank
Jul 10, 2025
—
Bennett Real Estate Investments LLC
—
Deed
related
$757,961 · First Central State Bank
Sep 12, 2024
—
Bennett Real Estate Investments LLC
—
Deed
related
$2,197,875 · Tbk Bank Ssb
Jul 10, 2024
—
Daniel M Bennett
Daniel M Ben Nett
Deed
—
Jul 10, 2024
$119,000
Bennett Real Estate Invstments LLC
Daniel M Bennett
Warranty Deed
$2,197,875 · Tbk Bank Fsb
Sep 10, 2020
—
Bennett,victoria J Trust
Victoria J Bennett
Quit Claim Deed
related
—
Jun 14, 2019
—
Victoria J Bennett
—
Grant Deed
related
$2,197,875 · Tbk Bk Ssb
Dec 17, 2007
$90,000
Victoria J Bennett
Mix-bennett Building Ptshp
Quit Claim Deed
$278,712 · Blackhawk State Bank
Jan 25, 2001
$53,000
Mix-bennett Building Ptshp
Nicholson Trust
Grant Deed
$53,000 · Blackhawk State Bank
Feb 16, 1999
$212,000
Mix-bennett Building Ptshp
Bomac Investment Co INC
Grant Deed
$155,000 · Blackhawk State Bank
—
—
Victoria J Bennett
—
Deed Of Trust
related
$2,731,000 · Bankorion
—
—
Mix-bennett Building
—
Deed Of Trust
related
$30,000 · Blackhawk State Bank
—
—
Mix-bennett Building Ptshp
—
Deed Of Trust
related
$266,000 · Blackhawk State 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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