New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Motels
1122 162nd St, South Holland, IL 60473-2561
Entity Owned
~
Est. High Equity
Property ID
US28-0793591
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1956
Lot
0.53 ac (23,200 SF)
APN
29-14-305-017
UPID
US28-0793591
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
-
Cherry Lane Motel Hotel & Motel
-
Elite inn- whirlpool suites & extended stay Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
Malhar Hospitality LLC
Malhar Hospitality LLC
since 2025
Last sale
$2.7M
6 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 South Holland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Holland 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
$2,890,000
ML approach
$2,865,000
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 $2.70M (May 10 2023)
Last sale anchor
$2.70M
May 10 2023
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
$54,580
Tax year 2022
Assessed value
$91,050
Assessed 2022
Previous assessed
$90,987
+0.1% YoY
Effective rate
59.95%
On assessed value
Assessed land
$40,600
Assessed improvement
$50,450
Land market value
$162,400
Improvement market value
$201,800
Total market value
$364,200
Applied tax rate
37,222.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1956
Heating
NONE
Lot
0.53 ac (23,200 SF)
APN
29-14-305-017
UPID
US28-0793591
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
1956
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
Malhar Hospitality LLC
Entity
Mailing address
1122 E 162ND ST, SOUTH HOLLAND, IL 60473-2561
Ownership since
2025
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
Jul 23, 2025
$2,880,000
Malhar Hospitality LLC
Omprem South Holland Hospitality In
Special Warranty Deed
$3,194,000 · Ready Capital Corp
Mar 27, 2025
—
Wintrust Private Trust Company NA
Glen Aubert
Deed
—
May 10, 2023
$2,700,000
Omprem South Holland Hospitality In
Harlem 100 LLC
Warranty Deed
—
May 10, 2023
—
Harlem 100 LLC
Holland Property Holdings LLC
Quit Claim Deed
related
—
Sep 19, 2008
—
Holland Property Holdings LLC
Trust 1106152
Grant Deed
related
$1,200,000 · Mb Financial Bank NA
Sep 4, 1998
$1,175,000
Chicago Trust Co
Mmv INC
Grant Deed
$1,044,000 · Grand National Bank
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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