New search
Property profile & analytics
OFF-MARKET
Estimated value
$19,815,000
Retail space
1550 Higgins Rd, Elk Grove Village, IL 60007-1607
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0344837
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Lot
3.39 ac (147,668 SF)
APN
08-22-403-013
UPID
US28-0344837
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
-
AT&T Internet Telecommunications Service General Contractor
-
All Solutions Healthcare Social Service Agency Charitable Organization
-
Strong One Freight LLC Freight Service Logistics Company
-
Webtrans Logistics Inc Logistics Company Freight Service
-
Imperium Systems, Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.82M
Owner & transaction history
Elk Grove Village Property LLC · 4 yrs held
Elk Grove Village Property LLC
since 2022
Last sale
$21.3M
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 Elk Grove Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elk Grove Village 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
$16,770,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.82M
Range $17.83M – $21.80M · ±10% · vs last sale $21.34M (Jan 24 2022)
Last sale anchor
$21.34M
Jan 24 2022
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
$210,121
Tax year 2022
Assessed value
$859,976
Assessed 2022
Previous assessed
$457,737
+87.9% YoY
Effective rate
24.43%
On assessed value
Assessed land
$313,573
Assessed improvement
$546,403
Land market value
$1,254,292
Improvement market value
$2,185,612
Total market value
$3,439,904
Applied tax rate
16,147.0000
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
Year built
1976
Heating
NONE
Stories
1
Lot
3.39 ac (147,668 SF)
APN
08-22-403-013
UPID
US28-0344837
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
1976
Heating
NONE
Stories
1
Lot
3.39 ac
Current owner
From public records · entity-resolved
Elk Grove Village Property LLC
Entity
Mailing address
400 N ERVAY ST UNIT #131465, DALLAS, TX 75313-0146
Ownership since
2022
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
Jan 24, 2022
$21,338,824
Elk Grove Village Property LLC
Village Of Elk Grove Village
Special Warranty Deed
$33,000,000 · Spf50 Pdc LLC
Apr 23, 2021
—
The Village Of Elk Grove Village
Oak Brook Regent LLC
Special Warranty Deed
—
Feb 21, 2013
—
Oak Brook Regent LLC
—
Deed Of Trust
related
$5,537,000 · Banco Popular NA
Jan 30, 2003
—
Oak Brook Regent LLC
—
Trustees Deed
related
$15,000,000 · Fifth Third Bank Chicago
May 18, 2001
$1,755,000
Oak Brook Regent LLC
Chicago Title Land Trt Co Ttee
Grant Deed
$1,500,000 · Old Kent Bank
—
—
Oak Brook Regent LLC
—
Deed Of Trust
related
$2,680,584 · American Community Bk & Tr
—
—
Oak Brook Regent LLC
—
Deed Of Trust
related
$4,980,617 · American Cmnty Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1550 Higgins Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
