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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Commercial real estate
1051 Higgins Rd, Hoffman Estates, IL 60169-4205
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US28-1169568
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Lot
2.9 ac (126,324 SF)
APN
07-09-300-029
UPID
US28-1169568
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
-
Commercial Truck Center Car Dealership
-
Current Automotive Car Dealership
-
Zeigler Pre-Owned Vehicles Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
Higgins & Golf Ltd · 14 yrs held
Higgins & Golf Ltd
since 2011
Last sale
$2.6M
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 Hoffman Estates submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hoffman Estates 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
$3,045,000
ML approach
$2,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $2.58M (Jan 22 2020)
Last sale anchor
$2.58M
Jan 22 2020
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
—
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
$90,617
Tax year 2022
Assessed value
$305,120
Assessed 2022
Previous assessed
$515,677
-40.8% YoY
Effective rate
29.70%
On assessed value
Assessed land
$176,939
Assessed improvement
$128,181
Land market value
$707,756
Improvement market value
$512,724
Total market value
$1,220,480
Applied tax rate
35,013.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1999
Heating
NONE
Lot
2.9 ac (126,324 SF)
APN
07-09-300-029
UPID
US28-1169568
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
1999
Heating
NONE
Lot
2.9 ac
Current owner
From public records · entity-resolved
Higgins & Golf Ltd
Individual
Mailing address
4201 STADIUM DR, KALAMAZOO, MI 49008-1427
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
—
Ajz-preowned Hoffman Ests LLC
—
Grant Deed
related
—
Jul 5, 2017
—
Higgins & Golf Ltd
—
Grant Deed
related
$199,908,831 · Comerica Bk
Nov 12, 2014
—
Higgins & Golf Ltd
—
Grant Deed
related
$17,500,000 · First Midwest Bk
Oct 27, 2011
$2,584,500
Higgins & Golf Ltd
Hoffman Rover Partners LLC
Warranty Deed
—
—
—
Hoffman Rover Partners LLC
—
Deed Of Trust
related
$45,420 · First National Bank Joliet
—
—
Hoffman Rover Partners LLC
—
Deed Of Trust
related
$4,225,071 · First National Bank Joliet
—
—
Hoffman Rover Partners LLC
—
Deed Of Trust
related
$3,860,000 · Bmw Financial Services NA LLC
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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