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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Commercial real estate
12221 Ridgeland Ave Palos Heights, IL 60463-1853
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0320318
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1971
Lot
3.64 ac (158,558 SF)
APN
24-29-100-005
UPID
US28-0320318
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
-
Celtic Force Volleyball Club Gym & Fitness Center
-
Marist SportsPlex Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Marist High School INC · 3 yrs held
Marist High School INC
since 2022
Last sale
$1.8M
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 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
$2,150,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.80M (Sep 2 2022)
Last sale anchor
$1.80M
Sep 2 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
—
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
$137,946
Tax year 2022
Assessed value
$382,010
Assessed 2022
Previous assessed
$382,010
+0.0% YoY
Effective rate
36.11%
On assessed value
Assessed land
$257,569
Assessed improvement
$124,441
Land market value
$1,030,276
Improvement market value
$497,764
Total market value
$1,528,040
Applied tax rate
39,073.0000
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
1971
Heating
NONE
Lot
3.64 ac (158,558 SF)
APN
24-29-100-005
UPID
US28-0320318
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
1971
Heating
NONE
Lot
3.64 ac
Current owner
From public records · entity-resolved
Marist High School INC
Entity
Mailing address
4200 W 115TH ST, CHICAGO, IL 60655-4306
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$1,800,000
Marist High School INC
Southwest Side Sports Complex LLC
Warranty Deed
—
Jul 24, 2001
$650,000
Southwest Side Sports Complex
Bisplex Wimbledon LLC
Grant Deed
$400,000 · Security Fedl Bank & Trust
Dec 29, 1997
—
Biosplex Wimbledon LLC
Bridgeview Bank & Trust Ttee
Grant Deed
related
—
—
—
Bioplex Wimbledon LLC
—
Deed Of Trust
related
$100,000 · Bridgeview Bank & Trust
—
—
Bioplex Wimbledon LLC
—
Deed Of Trust
related
$725,000 · Bridgeview Bank & Trust
—
—
Southwest Side Sports Complex
—
Deed Of Trust
related
$836,745 · Standard Bank & Trust
—
—
Southwest Side Sports Complex
—
Deed Of Trust
related
$975,000 · Standard Bank & Trust
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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