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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Commercial land
901 Market St, Normal, IL 61761-3453
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1049102
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1967
Total area
7,544 SF
Zoning code
R-3A
APN
14-33-104-012
UPID
US28-1049102
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
-
The River Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$820k
Owner & transaction history
Market 16 LLC · 4 yrs held
Market 16 LLC
since 2022
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
R-3A · Normal, 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 Normal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Normal 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
$845,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $800k (Mar 15 2022)
Last sale anchor
$800k
Mar 15 2022
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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,475
Tax year 2023
Assessed value
$157,441
Assessed 2023
Previous assessed
$157,441
+0.0% YoY
Effective rate
8.56%
On assessed value
Assessed land
$30,134
Assessed improvement
$127,307
Land market value
$90,402
Improvement market value
$381,921
Total market value
$472,323
Applied tax rate
3,001.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Rooms
64
Total area
7,544 SF
Zoning code
R-3A
APN
14-33-104-012
UPID
US28-1049102
Jurisdiction
MCLEAN
Zoning & alternative use
R-3A · Normal, IL
Zoning R-3A · permitted uses
R-3A · Normal, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Normal. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
FORCED AIR
Rooms
64
Current owner
From public records · entity-resolved
Market 16 LLC
Entity
Mailing address
2327 DEHNE RD, NORTHBROOK, IL 60062-6027
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
$800,000
Market 16 LLC
Jerome J Hbranka JR
Warranty Deed
$640,000 · First Fsb Of Champaign Urbana
Mar 16, 2020
—
Jerome J Hranka JR
—
Deed
related
$160,000 · Citizens Equity FCU
Apr 17, 2018
$426,000
Jerome J Hranka JR
Sasil Properties LLC
Warranty Deed
$340,800 · Citizens Equity FCU
May 4, 2010
$285,000
Sean Bozarth
Kiper Family Limited Partnership
Corporation Deed
$228,000 · Citizens Equity First Credit Union
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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