Entity Owned Property summary
AI-generated overview
The property is a retail space located in Milan, Illinois, with a total area of 1,875 square feet and configured for retail use.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Construction
FRAME
Total area
935,332 SF
Lot
41.69 ac (1,816,016 SF)
Zoning code
MIL
APN
16-24-300-004
UPID
US28-1064263
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
-
Gym & Fitness Center
-
Trucking Company
-
Warehouse & Storage
-
Veterinary Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.21M
Blend (final)
Blend
$11.95M
Owner & transaction history
since 2011
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
$11.95M
Value range
$10.76M – $13.15M
±10% around blend
Estimated value / SF
$13 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$10.76M
blend $11.95M
$13.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
935,332 SF
Lot area
41.69 ac
Year built
1956
Stories
2
APN
16-24-300-004
Zoning
MIL
Assessed value
$2,922,664
Annual tax
$281,076
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
$12.21M
Range $12.21M – $34.47M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.95M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 37 sales
$35
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $13/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$2.92M
Move the market yield to see immediate price impact.
Value / SF
$3
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%
$184k
$3.68M
$2.63M
$2.05M
$205k
$4.09M
$2.92M
$2.27M
$225k
$4.50M
$3.21M
$2.50M
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
$281,076
Tax year 2022
Assessed value
$2,922,664
Assessed 2022
Previous assessed
$2,767,674
+5.6% YoY
Effective rate
9.62%
On assessed value
Assessed land
$515,989
Assessed improvement
$2,406,675
Land market value
$1,547,967
Improvement market value
$7,220,025
Total market value
$8,767,992
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
Off-Market
Year built
1956
Construction
FRAME
Heating
NONE
Stories
2
Total area
935,332 SF
Lot
41.69 ac (1,816,016 SF)
Zoning code
MIL
APN
16-24-300-004
UPID
US28-1064263
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
1956
Construction
FRAME
Heating
NONE
Stories
2
Lot
41.69 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.
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