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Property profile & analytics
OFF-MARKET
Banks
1350 Rand Rd Palatine, IL 60074-2918
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US28-0083978
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2003
Lot
1.02 ac (44,431 SF)
APN
02-12-100-034
UPID
US28-0083978
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
-
Amazon Locker - Boykni Postal Service Courier Service
-
BMO Harris Bank - Mortgage Banker (Maksim M Y Sofovich) Bank Loan Service
-
BMO Bank N.A Branches Bank Loan Service
-
BMO Harris Bank Mortgage Loan Service Bank
-
ATM (BMO Harris Bank) Atm
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
Harris Bank Palatine NA · 22 yrs held
Harris Bank Palatine NA
since 2004
4 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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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
$110,802
Tax year 2022
Assessed value
$386,872
Assessed 2022
Previous assessed
$350,625
+10.3% YoY
Effective rate
28.64%
On assessed value
Assessed land
$166,455
Assessed improvement
$220,417
Land market value
$665,820
Improvement market value
$881,668
Total market value
$1,547,488
Applied tax rate
29,134.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2003
Heating
NONE
Lot
1.02 ac (44,431 SF)
APN
02-12-100-034
UPID
US28-0083978
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
2003
Heating
NONE
Lot
1.02 ac
Current owner
From public records · entity-resolved
Harris Bank Palatine NA
Entity
Mailing address
PO BOX 755, CHICAGO, IL 60690-0755
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2004
$1,850,000
Harris Bank Palatine NA
Sarantopoulos,peter
Grant Deed
related
—
Sep 16, 2003
—
Peter Sarantopoulos
Rand Road Cafe Restaurant INC
Quit Claim Deed
related
—
—
—
Rand Road Cafe Restaurant
—
Deed Of Trust
related
$120,000 · Plaza Bank NA
—
—
Rand Road Cafe Restaurant INC
—
Deed Of Trust
related
$75,000 · Plaza Bank NA
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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