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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Warehouses
Distillery Rd, Pekin, IL 61554
Entity Owned
6-yr Hold
Free & Clear
Property ID
US28-3452898
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
33,800 SF
Lot
6.78 ac (295,337 SF)
APN
04-10-04-400-010
UPID
US28-3452898
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.44M
Owner & transaction history
City Of Pekin · 6 yrs held
City Of Pekin
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+76.4%
Restaurant
$2.4M
+46.9%
Commercial (general)
$2.3M
+42.9%
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 Pekin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pekin 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,625,000
Current use
AUTO REPAIR, GARAGE
$2,865,000
Change: +76% · Conversion: Easy
RESTAURANT
$2,390,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,325,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$1,670,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±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
$72 / 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
$45,151
Tax year 2023
Assessed value
$492,830
Assessed 2023
Previous assessed
$492,830
+0.0% YoY
Effective rate
9.16%
On assessed value
Assessed land
$113,430
Assessed improvement
$379,400
Land market value
$340,290
Improvement market value
$1,138,200
Total market value
$1,478,490
Applied tax rate
4,030.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
33,800 SF
Lot
6.78 ac (295,337 SF)
APN
04-10-04-400-010
UPID
US28-3452898
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RESTAURANT
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
1998
Heating
NONE
Stories
1
Lot
6.78 ac
Current owner
From public records · entity-resolved
City Of Pekin
Entity
Free & Clear · 6 yrs held
Mailing address
400 CAPITOL MALL STE #2060, SACRAMENTO, CA 95814-4436
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
—
Alto Pekin LLC
—
Deed
related
$125,000,000 · Oic Investment Agent LLC
Dec 30, 2019
—
Pacific Ethanol Pekin LLC
—
Deed
related
—
Jul 12, 2019
—
City Of Pekin
Pacific Ethanol Pekin LLC
Warranty Deed
—
Apr 4, 2019
—
Pacific Ethanol Pekin LLC
—
Deed
related
—
Mar 29, 2017
—
Pacific Ethanol Pekin LLC
—
Deed
related
—
Oct 9, 2014
—
Aventine Renewable Energy INC
—
Grant Deed
related
$40,000,000 · Alostar Bk/commerce
Jan 2, 2013
—
Aventine Renewable Energy INC
—
Deed Of Trust
related
$225,000,000 · Citibank NA
Apr 18, 2011
—
Aventine Renewable Energy INC
—
Deed Of Trust
related
$30,000,000 · Pnc Bank
Mar 23, 2010
—
Aventine Renewal Energy INC
—
Deed Of Trust
related
$150,000,000 · Wilmington Trust Fsb
—
—
Pacific Ethanol Pekin LLC
—
Loan Modification
related
—
—
—
Pacific Ethanol Pekin LLC
—
Loan Modification
related
—
—
—
Pacific Ethanol Pekin LLC
—
Loan Modification
related
—
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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