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Property profile & analytics
OFF-MARKET
Motels
12340 Cicero Ave Alsip, IL 60803-2915
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-2803493
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1958
Lot
0.81 ac (35,275 SF)
APN
24-28-408-007
UPID
US28-2803493
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
-
Red Roof Inn Chicago - Alsip Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alsip Hotels INC · 9 yrs held
Alsip Hotels INC
since 2017
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 Alsip submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alsip 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$74,288
Tax year 2022
Assessed value
$184,968
Assessed 2022
Previous assessed
$184,968
+0.0% YoY
Effective rate
40.16%
On assessed value
Assessed land
$74,959
Assessed improvement
$110,009
Land market value
$299,836
Improvement market value
$440,036
Total market value
$739,872
Applied tax rate
39,145.0000
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
1958
Heating
NONE
Lot
0.81 ac (35,275 SF)
APN
24-28-408-007
UPID
US28-2803493
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
1958
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Alsip Hotels INC
Entity
Mailing address
12340 S CICERO AVE, ALSIP, IL 60803-2915
Ownership since
2017
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
Jan 9, 2018
—
Alsip Hotels INC
—
Grant Deed
related
$1,323,000 · Grand Ridge Nat'l Bk
Mar 16, 2017
$1,400,000
Alsip Hotels INC
Alsip Motel LLC
Trustees Deed
related
$1,150,000 · Grand Ridge Nat'l Bk
Aug 11, 2010
$2,000,000
Alsip Motel LLC
M & B Motel Management LLC
Grant Deed
$1,763,000 · Archer Bank
Feb 14, 2007
$1,550,000
M & B Motel Management LLC
Lux,dale A
Grant Deed
$2,040,000 · Allegiance Community Bank
Jul 2, 2003
—
Dale A Lux
Marquette Bank Trustee
Grant Deed
related
—
—
—
Alsip Hotels INC
—
Deed Of Trust
related
$225,000 · State Bk/tx
—
—
Alsip Hotels INC
—
Deed Of Trust
related
$926,100 · Grand Ridge Nat'l Bk
—
—
Dale Lux
—
Deed Of Trust
related
$100,000 · First Midwest Bank
—
—
Alsip Hotels INC
—
Loan Modification
related
$2,700,000 · Grand Ridge Nat'l Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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