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Property profile & analytics
OFF-MARKET
Retail space
1420 Meacham Rd 28, Schaumburg, IL 60173-4808
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-3492221
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
APN
07-12-300-037
UPID
US28-3492221
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
-
Jimmy John's Take-out & Catering Catering Service
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
Nare Meacham Square LLC · 11 yrs held
Nare Meacham Square LLC
since 2015
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 Schaumburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schaumburg 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
$98,925
Tax year 2022
Assessed value
$364,174
Assessed 2022
Previous assessed
$397,254
-8.3% YoY
Effective rate
27.16%
On assessed value
Assessed land
$135,709
Assessed improvement
$228,465
Land market value
$542,836
Improvement market value
$913,860
Total market value
$1,456,696
Applied tax rate
35,011.0000
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
Heating
NONE
Stories
1
APN
07-12-300-037
UPID
US28-3492221
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
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Nare Meacham Square LLC
Entity
Mailing address
1613 W COLONIAL PKWY, INVERNESS, IL 60067-4827
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
Nare Meacham Square LLC
—
Deed
related
$3,662,500 · Jpmorgan Chase Bank NA
May 6, 2019
—
Nare Meacham Square LLC
—
Deed
related
$3,500,000 · Jp Morgan Chase Bk
Feb 9, 2017
—
Nare Meacham Square LLC
—
Grant Deed
related
$3,400,000 · Wells Fargo Bk
May 19, 2015
$5,375,000
Nare Meacham Square LLC
Meacham Square LLC
Grant Deed
related
$3,750,000 · Schaumburg Bk&tr Co NA
Jan 3, 2013
$4,765,000
Meacham Square LLC
Meacham 2004 LLC
Grant Deed
related
$3,700,000 · Us Bk
Jan 14, 2010
—
Meacham 2004 LLC
—
Loan Modification
related
$6,260,000 · Inland Bk&tr
May 21, 2008
—
Meacham 2004 LLC
1420 Meacham LLC
Quit Claim Deed
related
$6,000,000 · Cambridge Bk
Jul 25, 2006
$1,375,000
1420 Meacham LLC
James Industries INC
Grant Deed
$1,100,000 · Midwest Bk
—
—
Nare Meacham Square LLC
—
Deed Of Trust
related
$3,500,000 · Jp Morgan Chase Bk
—
—
Meacham 2004 LLC
—
Loan Modification
related
$2,437,728 · Inland Bk&tr
—
—
Meacham 2004 LLC
—
Loan Modification
related
$6,617,728 · Inland Bk&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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