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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Parking lots & garages
117 Clinton St Park Ridge, IL 60068
Individually Owned
14-yr Hold
Free & Clear
Property ID
US28-0122058
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
2007
Total area
1,933 SF
Lot
0.18 ac (7,789 SF)
APN
09-26-427-017
UPID
US28-0122058
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$515k
Owner & transaction history
Thomas Zak · 14 yrs held
Thomas Zak
since 2011
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+80.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$460,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +80% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$266 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,810
Tax year 2022
Assessed value
$14,650
Assessed 2022
Previous assessed
$7,640
+91.8% YoY
Effective rate
26.01%
On assessed value
Assessed land
$14,020
Assessed improvement
$630
Land market value
$140,200
Improvement market value
$6,300
Total market value
$146,500
Applied tax rate
22,031.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
1,933 SF
Lot
0.18 ac (7,789 SF)
APN
09-26-427-017
UPID
US28-0122058
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
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
PARKING LOT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Thomas Zak
Individual
Free & Clear · 14 yrs held
Mailing address
116 N WASHINGTON AVE, PARK RIDGE, IL 60068-3540
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2011
$435,000
Thomas Zak
Pnc Mtg
Grant Deed
—
Oct 12, 2011
—
Pnc Mtg
Judicial Sales Corp
Trustees Deed
related
—
Apr 6, 2006
$649,000
Janusz Trznadel
Prykiel,krzysztof
Warranty Deed
$512,000 · First Franklin
Nov 4, 2005
$550,000
Krzysztof Prykiel
Buckley,richard L & Ann J
Warranty Deed
$440,000 · Fieldstone Mortgage Co
—
—
Janusz Trznadel
—
Deed Of Trust
related
$999,950 · National City Mortgage Co
—
—
Janusz Trznadel
—
Deed Of Trust
related
$250,000 · National City 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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