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Property profile & analytics
OFF-MARKET
Gas stations
1524 Chicago Rd, Chicago Heights, IL 60411-3425
Entity Owned
8-yr Hold
Free & Clear
Property ID
US28-2703515
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
2005
Lot
0.11 ac (4,742 SF)
APN
32-20-408-043
UPID
US28-2703515
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
-
Lupita's Restaurant Restaurant
-
ATM Atm
-
Advanced Petroleum Gas Station Gas Station
-
La Asada 1524 Restaurant
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
Az Spe LLC · 8 yrs held
Az Spe LLC
since 2017
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 Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
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
$5,963
Tax year 2022
Assessed value
$9,434
Assessed 2022
Previous assessed
$8,759
+7.7% YoY
Effective rate
63.21%
On assessed value
Assessed land
$3,556
Assessed improvement
$5,878
Land market value
$14,224
Improvement market value
$23,512
Total market value
$37,736
Applied tax rate
12,198.0000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
2005
Heating
NONE
Lot
0.11 ac (4,742 SF)
APN
32-20-408-043
UPID
US28-2703515
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
2005
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Az Spe LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1524 CHICAGO RD, CHICAGO HTS, IL 60411-3425
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
$950,000
Az Spe LLC
159 Auto Service INC
Grant Deed
—
Sep 21, 2012
$950,000
159 Auto Service INC
Z & A Oil INC
Quit Claim Deed
related
$1,050,000 · Ridgestone Bank
Jul 6, 2009
—
Z & A Oil INC
1524 Chicago Rd INC
Deed Of Trust
related
$1,377,000 · Ridgestone Bank
Aug 30, 2007
$1,600,000
1524 Chicago Rd INC
Mpm 1524 LLC
Grant Deed
related
$1,377,000 · Ridgestone Bank
Dec 9, 2005
$115,000
Mpm 1524 LLC
Martins Auto Electric INC
Warranty Deed
—
Oct 20, 1998
$115,001
Martin's Auto Electric INC
Pettice,august F & Ruth A
Grant Deed
$225,000 · First National Bank
—
—
Martin's Auto Electric INC
—
Deed Of Trust
related
$39,080 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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