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Property profile & analytics
OFF-MARKET
Estimated value
$360,000
Retail space
12413 Harlem Ave Palos Heights, IL 60463-1442
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-2357747
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1983
Lot
0.31 ac (13,380 SF)
APN
24-30-308-004
UPID
US28-2357747
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
-
St Mary Therapy Services Physician
-
Farmers Insurance - Don Daliege Insurance Agency
-
Farmers Insurance Insurance Agency
-
Michael D. Ettinger & Associates Law Firm
-
Real Estate Auctions Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$360k
Owner & transaction history
State Bank Countryside Trustee
State Bank Countryside Trustee
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
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$360k
Range $324k – $396k · ±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
$19,719
Tax year 2022
Assessed value
$54,608
Assessed 2022
Previous assessed
$54,608
+0.0% YoY
Effective rate
36.11%
On assessed value
Assessed land
$28,432
Assessed improvement
$26,176
Land market value
$113,728
Improvement market value
$104,704
Total market value
$218,432
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1983
Heating
NONE
Lot
0.31 ac (13,380 SF)
APN
24-30-308-004
UPID
US28-2357747
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
1983
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
State Bank Countryside Trustee
Trust
Mailing address
6636 W MENOMINEE PKWY, PALOS HEIGHTS, IL 60463-1716
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
State Bank Countryside Trustee
—
Deed Of Trust
related
$200,000 · Great Lakes Bank
—
—
State Bank Countryside Trustee
—
Deed Of Trust
related
$495,000 · First National Bk Blue Island
—
—
State Bank Of Countryside Ttee
—
Deed Of Trust
related
$52,330 · Great Lakes Bank
—
—
State Bk Of Countryside Ttee
—
Deed Of Trust
related
$55,000 · First Nat'l Bank Blue Island
—
—
State Bank Of Countryside Ttee
—
Deed Of Trust
related
$535,000 · Oak Lawn 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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