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Property profile & analytics
OFF-MARKET
Turn key restaurants
8785 Baileyville Rd, Forreston, IL 61030-9328
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-2947729
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
3,483 SF
Lot
1 ac (43,560 SF)
APN
02-28-100-005
UPID
US28-2947729
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
-
Smokin Gun Worx Gun Shop Gun Club
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
Smokins Gun Worx LLC · 10 yrs held
Smokins Gun Worx LLC
since 2015
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 Forreston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forreston 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
$8,550
Tax year 2023
Assessed value
$96,913
Assessed 2023
Previous assessed
$96,913
+0.0% YoY
Effective rate
8.82%
On assessed value
Assessed land
$6,093
Assessed improvement
$90,820
Land market value
$18,279
Improvement market value
$272,460
Total market value
$290,739
Applied tax rate
740.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Stories
1
Total area
3,483 SF
Lot
1 ac (43,560 SF)
APN
02-28-100-005
UPID
US28-2947729
Jurisdiction
OGLE
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
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Smokins Gun Worx LLC
Entity
Mailing address
8785 N BAILEYVILLE RD, FORRESTON, IL 61030-9328
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
—
Keith R Ruter
—
Deed
related
$870,000 · German American State Bank
Jan 12, 2021
—
Smokin Gun Worx LLC
—
Deed
related
$900,000 · German American State Bank
May 3, 2019
—
Smokin Gun Worx LLC
—
Deed
related
$600,000 · First St Bk/shannon-polo
Apr 5, 2018
—
Smokin Gun Worx LLC
—
Deed
related
$700,000 · First St Bk Yoakum Tx
Oct 19, 2015
$60,000
Smokins Gun Worx LLC
Bradley E Van Horn
Warranty Deed
$170,000 · First State Bank Shannon Polo
Sep 23, 2015
—
Marvin L Van Horn
Hamilton,denise R
Warranty Deed
—
Apr 1, 2013
$115,000
Denise R Hamilton
Village Of Forreston
Warranty Deed
—
Apr 1, 2013
—
Village Of Forreston
Wilson,mary
Quit Claim Deed
related
—
Jan 25, 2005
$285,000
Mary Wilson
Edgar Engelkens
Warranty Deed
—
—
—
Smokin Gun Worx LLC
—
Loan Modification
related
$600,000 · First St Bk/shannon-polo
—
—
Smokin Gun Worx LLC
—
Deed Of Trust
related
$700,000 · First St Bk Yoakum Tx
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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