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Property profile & analytics
OFF-MARKET
Estimated value
$395,000
Retail space
12050 Harlem Ave Palos Heights, IL 60463-2802
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-1110006
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2004
Lot
0.03 ac (1,290 SF)
APN
23-25-213-021
UPID
US28-1110006
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
-
Moira McQuillan, M.D. Physician
-
Healthonomic Primary Care - Palos Heights Medical Clinic
-
Osama K Atieh MD Physician
-
Dr. Moira McQuillan, M.D. Medical Clinic
-
Leynard Martinez Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$395k
Owner & transaction history
Agora Nexus Properties LLC · 1 yrs held
Agora Nexus Properties LLC
since 2024
Last sale
$395,000
5 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 Palos Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palos Heights 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
$395,000
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$395k
Range $356k – $435k · ±10% · vs last sale $395k (Nov 14 2024)
Last sale anchor
$395k
Nov 14 2024
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
$9,400
Tax year 2022
Assessed value
$28,316
Assessed 2022
Previous assessed
$28,316
+0.0% YoY
Effective rate
33.20%
On assessed value
Assessed land
$3,870
Assessed improvement
$24,446
Land market value
$15,480
Improvement market value
$97,784
Total market value
$113,264
Applied tax rate
30,030.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
2004
Heating
NONE
Lot
0.03 ac (1,290 SF)
APN
23-25-213-021
UPID
US28-1110006
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
2004
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Agora Nexus Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12050 S HARLEM AVE STE A, PALOS HEIGHTS, IL 60463-2803
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
—
Agora Nexus Properties LLC
Maria Lentzou LLC
Quitclaim Deed
related
—
Sep 20, 2018
—
Maria Lentzou LLC
—
Deed
related
$486,000 · Bmo Harris Bk NA
Jan 18, 2005
$395,000
Jjr Management LLC
Trust 90-671
Grant Deed
$220,800 · J P Morgan Chase Bank
—
—
Jjr Management LLC
—
Deed Of Trust
related
$183,000 · Somercor 504 INC
—
—
Maria Lentzou LLC
—
Deed Of Trust
related
$486,000 · Bmo Harris Bk NA
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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