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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Commercial real estate
901 1st St, Colona, IL 61241-9750
Entity Owned
~
Est. High Equity
Property ID
US28-2920617
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Total area
9,230 SF
Lot
0.78 ac (33,977 SF)
APN
06-15-229-028
UPID
US28-2920617
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
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$998k
Blend (final)
Blend
$1.01M
Owner & transaction history
Paragon Colona LLC
Paragon Colona LLC
since 2025
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 Colona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colona 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
$835,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$109 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$19,719
Tax year 2021
Assessed value
$298,333
Assessed 2023
Previous assessed
$298,333
+0.0% YoY
Effective rate
6.61%
On assessed value
Assessed land
$16,213
Assessed improvement
$282,120
Land market value
$48,639
Improvement market value
$846,360
Total market value
$894,999
Applied tax rate
60,026.0000
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
2009
Heating
NONE
Total area
9,230 SF
Lot
0.78 ac (33,977 SF)
APN
06-15-229-028
UPID
US28-2920617
Jurisdiction
HENRY
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
Year built
2009
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
Paragon Colona LLC
Entity
Mailing address
8700 NN ST STE #310, FISHERS, IN 46038-2865
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Paragon Colona LLC
86th Colona LLC
Deed
related
—
Dec 10, 2025
—
Paragon Colona LLC
86th Colona LLC
Warranty Deed
—
Apr 8, 2021
$895,000
86th Colona LLC
Zcf Colona Dg LLC
Special Warranty Deed
$550,000 · 86th Colona LLC
Jan 15, 2021
$795,000
Zcf Colona Dg LLC
Mcs Retail LLC
Re-recorded Document
—
Sep 3, 2020
$795,000
Zcf Colona Dg LLC
Msc Retail LLC
Warranty Deed
—
Mar 22, 2019
—
Mcs Retail LLC
—
Deed
related
$670,000 · Collins Cmnty Cu
Jan 8, 2013
—
Mcs Retail LLC
—
Trustees Deed
related
$150,000 · Db Fin'l LLC
Aug 5, 2011
—
Mcs Retail LLC
—
Trustees Deed
related
$120,000 · Db Financial LLC
Aug 31, 2010
—
Mcs Retail LLC
—
Trustees Deed
related
$100,000 · Mrv Bks
Jun 15, 2010
—
Mcs Retail LLC
R & G LLC
Warranty Deed
$900,000 · Mrv Banks
—
—
Mcs Retail LLC
—
Deed Of Trust
related
$670,000 · Collins Cmnty Cu
—
—
Mcs Retail LLC
—
Deed Of Trust
related
$687,913 · Collins Cmnty Cu
—
—
Mcs Retail LLC
—
Deed Of Trust
related
$987,069 · City 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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