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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Motels
121 Pt Blvd, Elk Grove Village, IL 60007-1019
Entity Owned
Free & Clear
Property ID
US28-1252676
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Lot
9.61 ac (418,612 SF)
APN
08-21-202-072
UPID
US28-1252676
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
-
Sheraton Suites Chicago Elk Grove Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Level Capital LLC
Level Capital LLC
since 2025
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 Elk Grove Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elk Grove Village 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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
—
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
$488,667
Tax year 2022
Assessed value
$2,000,000
Assessed 2022
Previous assessed
$1,451,841
+37.8% YoY
Effective rate
24.43%
On assessed value
Assessed land
$889,227
Assessed improvement
$1,110,773
Land market value
$3,556,908
Improvement market value
$4,443,092
Total market value
$8,000,000
Applied tax rate
16,035.0000
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
1986
Heating
NONE
Lot
9.61 ac (418,612 SF)
APN
08-21-202-072
UPID
US28-1252676
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
1986
Heating
NONE
Lot
9.61 ac
Current owner
From public records · entity-resolved
Level Capital LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5801 SOUTHFIELD FWY, DETROIT, MI 48228-3885
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
Ld Acquisition Company 20 LLC
—
Deed
related
$720,000 · Wilmington Trust NA
Aug 1, 2025
—
Level Capital LLC
Chicago Uma LLC
Deed
—
Oct 7, 2021
—
Ld Acquisition Company 20 LLC
—
Deed
related
$330,000,000 · Prosperity Bank
Sep 25, 2020
—
Chicago Uma LLC
—
Deed
related
$7,200,000 · Agarwal A & U L/tr (lt)
Jul 9, 2015
—
Chicago Uma LLC
Pil IV LLC
Grant Deed
related
$75,000 · Silverpeak R/e Fin
Feb 20, 2008
—
Pil IV LLC
—
Trustees Deed
related
$35,051,755 · Bank Of America
Jun 14, 2007
$11,080,000
Pil IV LLC
Elk Grove Suites Investment
Grant Deed
$19,875,000 · Wachovia Bank NA
—
—
Sma Portfolio Owner LLC
—
Deed Of Trust
related
$35,051,755 · Sma Issuer I LLC
—
—
Chicago Uma LLC
—
Deed Of Trust
related
$7,200,000 · Agarwal A & U L/tr (lt)
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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