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Property profile & analytics
FOR LEASE
Office Spaces
1030 W Higgins Rd, Park Ridge, IL 60068
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-0957239
For Lease
1 / 5
Contact for pricing
1030 W Higgins Rd, Park Ridge, IL 60068
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
APN
12-02-300-123-1027
UPID
US28-0957239
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
-
Saturn Title LLC Title Company
-
Taxes - The Financial Services Corp. Tax Preparation
-
Michael Gill, MD, PhD, FAAP Physician
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Andrew Spiewak Land Surveyor Consultant Land Surveyor
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Fred Leya, MD Physician
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
Theos Panas LLC · 2 yrs held
Theos Panas LLC
since 2023
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 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
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
$11,037
Tax year 2022
Assessed value
$41,811
Assessed 2022
Previous assessed
$28,922
+44.6% YoY
Effective rate
26.40%
On assessed value
Assessed land
$10,047
Assessed improvement
$31,764
Land market value
$40,188
Improvement market value
$127,056
Total market value
$167,244
Applied tax rate
20,021.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
APN
12-02-300-123-1027
UPID
US28-0957239
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
Current owner
From public records · entity-resolved
Theos Panas LLC
Entity
Free & Clear · 2 yrs held
Mailing address
512 S KNIGHT AVE, PARK RIDGE, IL 60068-4404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
Theos Panas LLC
Chicago Title Land Trust Company
Deed
—
Jun 9, 2022
—
Chicago Title Land Trust Company
—
Deed
related
$1,000,000 · Barrington Bank & Trust Company NA
Nov 5, 2021
—
Pcmi Legacy Corporation
Pcmi Corporation
Deed
related
—
Jul 5, 2018
—
Luxe Office Properties LLC
—
Deed
related
—
Jul 2, 2018
—
Trust Number L014-094
—
Deed
related
$2,000,000 · Republic Bk/chicago
Jun 27, 2018
$375,000
Anek Properties LLC
Constant Surplus Yongfeng LLC
Grant Deed
$562,500 · Republic Bk/chicago
Mar 15, 2017
$135,000
Trust 15635
Centrust Bk NA
Grant Deed
related
—
Dec 9, 2016
—
Creekside 203 LLC
—
Deed
related
$142,500 · Providence Bk
Sep 27, 2016
$285,000
Creekside 203 LLC
Trust 8002368327
Grant Deed
related
$142,500 · Providence Bk&tr
Jun 27, 2016
—
Ptp Holdings LLC
M2m Real Estate Of Illinois LLC
Grant Deed
related
—
May 4, 2016
$140,000
Trust 15503
Scarpelli 1030 W Higgins Road
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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