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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Retail space
100 Higgins Rd L120 Park Ridge, IL 60068-5738
Entity Owned
8-yr Hold
Free & Clear
Property ID
US28-1592296
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1965
Total area
5,098 SF
Lot
0.32 ac (14,116 SF)
APN
12-01-305-032
UPID
US28-1592296
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
-
100 Higgins O'Hare Conference Center Trade Show Venue
-
Troy Agency Real Estate Agency
-
TROJAN INSURANCE AGENCIES Insurance Agency
-
Chicago Loss Prevention Group Law Firm Security Service
-
LOHSE LAW - Real Estate Closing Attorney Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.09M
Owner & transaction history
Aet Commercial LLC · 8 yrs held
Aet Commercial LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+47.1%
Apartment house (5+ units)
$1.0M
+35.5%
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 Park Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park Ridge 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%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
RETAIL STORES
$760,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,120,000
Change: +47% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,030,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$213 / 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
$63,667
Tax year 2022
Assessed value
$246,785
Assessed 2022
Previous assessed
$224,558
+9.9% YoY
Effective rate
25.80%
On assessed value
Assessed land
$63,522
Assessed improvement
$183,263
Land market value
$254,088
Improvement market value
$733,052
Total market value
$987,140
Applied tax rate
26,008.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
5,098 SF
Lot
0.32 ac (14,116 SF)
APN
12-01-305-032
UPID
US28-1592296
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
RETAIL STORES Current
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$680,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1965
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Aet Commercial LLC
Entity
Free & Clear · 8 yrs held
Mailing address
100 HIGGINS RDL120, PARK RIDGE, IL 60068-5738
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2019
—
Aet Commercial LLC
—
Deed
related
$480,000 · Us Bank NA
Mar 23, 2018
$485,000
Aet Commercial LLC
Pb & J Xx LLC
Grant Deed
—
Feb 16, 2018
—
Pb & J Xx LLC
Parkway Bk & Trust
Grant Deed
related
—
Dec 2, 2016
—
Payco Ltd
—
Deed
related
$240,000 · Parkway Bk
—
—
Trust 10641
—
Deed Of Trust
related
$240,000 · Parkway Bank & Trust Co
—
—
Parkway Bank & Trust Co Ttee
—
Deed Of Trust
related
$186,000 · Parkway Bank & Trust Co
—
—
Payco Ltd
—
Loan Modification
related
$240,000 · Parkway Bk
—
—
Parkway Bank & Trust Co Ttee
—
Deed Of Trust
related
$257,000 · Parkway Bank & Trust Co
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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