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Property profile & analytics
OFF-MARKET
Estimated value
$7,940,000
Commercial real estate
1150 Arlington Hts Rd, Itasca, IL 60143-3104
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5664024
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,206 SF
Lot
2.72 ac (118,483 SF)
Zoning code
C
APN
03-05-200-031
UPID
US28-5664024
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
-
Nation's Best CPR Red Cross and AHA Training Center Tutoring Service
-
Hyatt Place Chicago/Itasca Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.80M
Blend (final)
Blend
$7.94M
Owner & transaction history
Ihp Hospitality LLC · 3 yrs held
Ihp Hospitality LLC
since 2022
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
C · Itasca, IL
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 Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca 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
$9,160,000
ML approach
$8,990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.94M
Range $7.15M – $8.73M · ±10% · vs last sale $7.38M (Jul 13 2022)
Last sale anchor
$7.38M
Jul 13 2022
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
$99 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$197,022
Tax year 2023
Assessed value
$2,583,080
Assessed 2023
Previous assessed
$1,927,610
+34.0% YoY
Effective rate
7.63%
On assessed value
Assessed land
$810,930
Assessed improvement
$1,772,150
Land market value
$2,432,790
Improvement market value
$5,316,450
Total market value
$7,749,240
Applied tax rate
3,227.0000
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
80,206 SF
Lot
2.72 ac (118,483 SF)
Zoning code
C
APN
03-05-200-031
UPID
US28-5664024
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Itasca, IL
Zoning C · permitted uses
C · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.72 ac
Current owner
From public records · entity-resolved
Ihp Hospitality LLC
Entity
Mailing address
2250 THORNTREE LN, PALATINE, IL 60067-7514
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
Ihp Hospitality LLC
—
Deed
related
$2,419,000 · Wessex 504 Corporation
Jul 13, 2022
$7,375,000
Ihp Hospitality LLC
Ara Ush Chicago LLC
Special Warranty Deed
$3,923,700 · The Freedom Bank Of Virginia
May 10, 2019
—
Lsref3/ah Chicago LLC
—
Loan Modification
related
$521,650,000 · Wilmington Tr
Dec 4, 2018
—
Lsref3/ah Chicago LLC
—
Deed
related
$1,102,000 · Wilmington Tr
Aug 2, 2017
—
Lsref3/ah Chicago LLC
—
Grant Deed
related
$410,000,000 · Jp Morgan Chase Bk
Dec 9, 2014
$8,736,000
Lsref3/ah Chicago LLC
Stanhope LLC
Grant Deed
—
Dec 9, 2014
—
Morgan Chase Bk NA Jp
—
Grant Deed
related
$340,000,000 · Gs Com'l R/e
Jan 19, 2005
—
Stanhope LLC
Building Exchange
Grant Deed
—
Jan 19, 2005
$8,000,000
Building Exchange Co
Bre Of Amerisuites Properties LLC
Grant Deed
—
Oct 27, 2004
—
Bre Of Amerisuites Properties LLC
Prime Hospitality LLC
Grant Deed
$361,158,000 · * Other Institutional Lenders
—
—
Lsref3/ah Chicago LLC
—
Deed Of Trust
related
$1,102,000 · Wilmington Tr
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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