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Property profile & analytics
OFF-MARKET
Estimated value
$46,645,000
Office buildings
1306 Dearborn St, Chicago, IL 60610
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1583843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Lot
0.39 ac (16,833 SF)
APN
17-04-217-044
UPID
US28-1583843
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.65M
Owner & transaction history
Fip Master Funding V LLC · 4 yrs held
Fip Master Funding V LLC
since 2021
Last sale
$44.7M
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$50,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$46.65M
Range $41.98M – $51.31M · ±10% · vs last sale $44.73M (Nov 4 2021)
Last sale anchor
$44.73M
Nov 4 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
$307,574
Tax year 2022
Assessed value
$1,495,385
Assessed 2022
Previous assessed
$1,495,385
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$336,660
Assessed improvement
$1,158,725
Land market value
$1,346,640
Improvement market value
$4,634,900
Total market value
$5,981,540
Applied tax rate
74,002.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Heating
NONE
Stories
1
Lot
0.39 ac (16,833 SF)
APN
17-04-217-044
UPID
US28-1583843
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
1910
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Fip Master Funding V LLC
Entity
Mailing address
15 KOCH RD STE J, CORTE MADERA, CA 94925-1231
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$44,728,500
Fip Master Funding V LLC
1300 Dearborn Property LLC
Special Warranty Deed
$45,600,000 · Citibank NA
Jun 30, 2020
—
1300 Dearborn Property LLC
—
Deed
related
$23,583,628 · Midfirst Bank
Jan 19, 2018
—
1300 Dearborn Property LLC
—
Deed
related
$25,000,000 · Northern Tr
Nov 7, 2011
—
1300 Dearborn Property LLC
Dearborn Goethe LLC
Deed In Lieu Of Foreclosure
related
—
Mar 2, 2007
—
Dearborn Goethe LLC
Three Arts Club Of Chicago INC
Grant Deed
$9,750,000 · National City Bank
—
—
Dearborn Property LLC
—
Deed Of Trust
related
$22,000,000 · Northern Tr
—
—
Three Arts Club Of Chicago
—
Deed Of Trust
related
$500,000 · Lakeside Bank
—
—
Three Arts Club Of Chicago INC
—
Deed Of Trust
related
$2,250,000 · Lakeside Bank
—
—
1300 Dearborn Property LLC
—
Loan Modification
related
$25,000,000 · Northern Tr
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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