New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Retail space
12801 Harlem Ave, Palos Heights, IL 60463-2186
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2385219
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Lot
0.69 ac (30,000 SF)
APN
24-31-100-036
UPID
US28-2385219
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
-
Jersey Mike's Subs Take-out & Catering Catering Service
-
Boba Drip Cafe & Coffee Shop
-
Lou Malnati's Pizzeria Take-out & Catering
-
Great Clips Hair Salon
-
Juiced by Shic Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Pnj Investments Palos Heights LLC · 4 yrs held
Pnj Investments Palos Heights LLC
since 2021
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
$1,735,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±10% · vs last sale $1.75M (Jul 19 2021)
Last sale anchor
$1.75M
Jul 19 2021
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
$96,494
Tax year 2022
Assessed value
$267,217
Assessed 2022
Previous assessed
$267,217
+0.0% YoY
Effective rate
36.11%
On assessed value
Assessed land
$63,750
Assessed improvement
$203,467
Land market value
$255,000
Improvement market value
$813,868
Total market value
$1,068,868
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Lot
0.69 ac (30,000 SF)
APN
24-31-100-036
UPID
US28-2385219
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
1968
Heating
NONE
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Pnj Investments Palos Heights LLC
Entity
Mailing address
3 KINGBIRD CT, SOUTH BARRINGTON, IL 60010-5353
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$1,750,000
Pnj Investments Palos Heights LLC
Pmi Venture LLC
Special Warranty Deed
$1,050,000 · Us Bank NA
Nov 9, 2020
—
Pmi Venture LLC
—
Deed
related
$681,684 · Busey Bk
Jan 21, 2016
$1,650,000
Pmi Venture LLC
Cornersite Palos LLC
Grant Deed
$825,000 · First Cmnty Fin'l Bk
Mar 4, 2014
—
Cornersite Palos LLC
—
Trustees Deed
related
$900,000 · First Midwest Bk
Feb 27, 2014
$550,000
Cornersite Palos LLC
Masue LLC
Grant Deed
—
Jan 7, 2014
$550,000
Cornersite Palos LLC
Masue LLC
Grant Deed
—
Apr 10, 2013
—
Masue LLC
Masue Trust
Quit Claim Deed
related
—
Jun 18, 2012
—
Masue Trust
Sandelman,susan
Quit Claim Deed
related
—
—
—
Crystal Lane Nursing Ctr Ltd
—
Deed Of Trust
related
$2,500,000 · Mb Fin'l Bk
—
—
Pmi Venture LLC
—
Loan Modification
related
$681,684 · Busey 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12801 Harlem Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
