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Property profile & analytics
OFF-MARKET
Retail space
1020 Central Rd, Mount Prospect, IL 60056-2736
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-4884435
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
1,491 SF
Lot
0.35 ac (15,300 SF)
APN
03-35-301-020
UPID
US28-4884435
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
-
Automotive Services Mount Prospect IL Corporate Office
-
Mattress Firm Mount Prospect South Furniture & Home Goods
-
Car Key Replacement Orland Park Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Village Of Mount Prospect · 4 yrs held
Village Of Mount Prospect
since 2022
Last sale
$13,000
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 Mount Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Prospect 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$51,385
Tax year 2022
Assessed value
$180,187
Assessed 2022
Previous assessed
$192,000
-6.2% YoY
Effective rate
28.52%
On assessed value
Assessed land
$57,375
Assessed improvement
$122,812
Land market value
$229,500
Improvement market value
$491,248
Total market value
$720,748
Applied tax rate
38,098.0000
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
1961
Heating
NONE
Stories
1
Total area
1,491 SF
Lot
0.35 ac (15,300 SF)
APN
03-35-301-020
UPID
US28-4884435
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
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Village Of Mount Prospect
Individual
Mailing address
10201 MAIN ST, HOUSTON, TX 77025-5229
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$13,000
Village Of Mount Prospect
Robert C Mcpherson
Deed
—
Mar 8, 2017
$2,630,000
Mcphersn,r C Trust
1020 Rand LLC
Grant Deed
$1,650,000 · Stanford FCU
May 7, 2015
$825,000
1020 Rand LLC
Atlas Oil Co
Grant Deed
$1,800,000 · Stonegate Bk
Mar 16, 2011
—
Fifth Third Bk
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Dec 6, 2010
$650,000
Atlas Oil Co
Fifth Third Bk
Grant Deed
—
Feb 28, 2005
$1,250,000
Platinum Oil Co
Trust 6307
Grant Deed
$950,000 · Fifth Third Bank
Aug 6, 2003
$1,220,500
Founders Bank Trustee
Parkway Bank & Trust Co Ttee
Grant Deed
related
—
Aug 6, 2003
—
Founders Bank Trustee
—
Deed Of Trust
related
$1,327,875 · Founders Bank
Feb 24, 2003
—
Parkway Bank & Trust Co Ttee
Zervos Three INC
Grant Deed
related
—
Sep 18, 2002
$540,000
Zervos Three INC
Cherokee Festival Holdings LLC
Grant Deed
$405,000 · Parkway Bank & Trust Co
Dec 19, 2000
$200,000
Cherokee Festival Holdings LLC
Equilon Enterprises LLC
Grant Deed
related
—
Jul 13, 1998
$1,324,000
Equilon Enterprises LLC
Shell Oil Company
Grant Deed
—
Oct 17, 1997
—
Shell Oil Co
Brawn,carol M
Trustees Deed
related
—
—
—
Founders Bank Trustee
—
Deed Of Trust
related
$913,607 · Founders Bank
—
—
Founders Bank Trustee
—
Deed Of Trust
related
$412,500 · Founders Bank
—
—
Platinum Oil Co
—
Deed Of Trust
related
$588,000 · Small Business Growth Corp
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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