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Property profile & analytics
FOR LEASE
Retail space
1471 Business Center Dr, Mount Prospect, IL 60056
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0937939
For Lease
1 / 3
$10,075,000
1471 Business Center Dr, Mount Prospect, IL 60056
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Lot
3.6 ac (156,816 SF)
APN
03-35-200-040
UPID
US28-0937939
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
-
Coram CVS/specialty Infusion Services Medical Clinic
-
Coram Healthcare Home Health Care Service Care Services
-
Brickstone Resorts & Golf Hotel & Motel Resort
-
Corum Pharmacy
-
DeliverCareRx Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.08M
Owner & transaction history
Ranger Il LLC · 4 yrs held
Ranger Il LLC
since 2021
Last sale
$10.1M
6 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 Mount Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Prospect 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
$10,025,000
ML approach
$9,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.08M
Range $9.07M – $11.08M · ±10% · vs last sale $10.10M (Dec 8 2021)
Last sale anchor
$10.10M
Dec 8 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
$217,469
Tax year 2022
Assessed value
$754,987
Assessed 2022
Previous assessed
$597,042
+26.5% YoY
Effective rate
28.80%
On assessed value
Assessed land
$264,627
Assessed improvement
$490,360
Land market value
$1,058,508
Improvement market value
$1,961,440
Total market value
$3,019,948
Applied tax rate
38,148.0000
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
For Lease
Year built
1989
Heating
NONE
Stories
1
Lot
3.6 ac (156,816 SF)
APN
03-35-200-040
UPID
US28-0937939
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
1989
Heating
NONE
Stories
1
Lot
3.6 ac
Current owner
From public records · entity-resolved
Ranger Il LLC
Entity
Mailing address
9500 BRYN MAWR AVE STE #340, ROSEMONT, IL 60018-5259
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
$10,100,000
Ranger Il LLC
G&i Ix 1471 E Business Center LLC
Special Warranty Deed
$67,800,000 · Pgim Vip Mortgage Account LP
Dec 27, 2017
$9,000,000
G & I Ix 1471 E Busn Center Ll
Realty Associates Fund Viii LP
Trustees Deed
$72,800,000 · Bank Of America
Apr 21, 2008
$7,300,000
Realty Assoc Fund Viii
Centerpoint Medinah LLC
Grant Deed
related
—
Apr 2, 2004
$6,600,000
Centerpoint Medinah LLC
Cabot Acquisition LLC
Grant Deed
—
Aug 8, 2002
—
Cabot Acquistion LLC
Cabot Industrial Properties LP
Quit Claim Deed
related
—
Oct 19, 1998
$6,620,000
Cabot Industrial Properties LP
1471 Bcd Corp
Grant Deed
—
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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