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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Retail space
1512 Shermer Rd Northbrook, IL 60062-5353
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2262681
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Total area
6,560 SF
Lot
0.46 ac (20,064 SF)
APN
04-09-416-069
UPID
US28-2262681
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
$1.79M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.79M
Owner & transaction history
Northbrook Shermer LLC · 1 yrs held
Northbrook Shermer LLC
since 2024
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+188.2%
Neighborhood: shopping center
$1.4M
+47.1%
Apartment house (5+ units)
$1.1M
+11.5%
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 Northbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northbrook 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
$1,790,000
ML approach
$1,790,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,820,000
Change: +188% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,440,000
Change: +47% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,090,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.79M (Nov 19 2024)
Last sale anchor
$1.79M
Nov 19 2024
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
$273 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$47,911
Tax year 2022
Assessed value
$216,216
Assessed 2022
Previous assessed
$134,000
+61.4% YoY
Effective rate
22.16%
On assessed value
Assessed land
$75,240
Assessed improvement
$140,976
Land market value
$300,960
Improvement market value
$563,904
Total market value
$864,864
Applied tax rate
25,032.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Total area
6,560 SF
Lot
0.46 ac (20,064 SF)
APN
04-09-416-069
UPID
US28-2262681
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
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
COMMERCIAL (GENERAL)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1977
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Northbrook Shermer LLC
Entity
Mailing address
PO BOX 2476, NORTHBROOK, IL 60065-2476
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$1,787,500
Northbrook Shermer LLC
1512 Shermer Road LLC
Special Warranty Deed
$1,065,000 · Baxter Cu
Jul 24, 2018
$1,440,000
1512 Shermer Road LLC
Durbin Enid Trust
Grant Deed
$2,160,000 · Providence Bk&tr
Aug 17, 2009
—
Hautamaki Walter W Trust
Hautamaki,wayne
Quit Claim Deed
related
$309,442 · Hautamaki Walter W Trust
Oct 18, 2005
—
Durbin Enid Trust
Durbin,enid
Quit Claim Deed
related
—
Nov 9, 2000
—
Ldp Family Ltd
Chicago Title Land Tr Co Ttee
Grant Deed
related
—
—
—
Enid Durbin
—
Deed Of Trust
related
$490,000 · Harris Bank Arlington Meadows
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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