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Property profile & analytics
OFF-MARKET
Estimated value
$9,090,000
Retail properties & Spaces
1600 Deerfield Rd, Highland Park, IL 60035-3708
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0031727
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1999
Construction
BRICK
Total area
75,528 SF
Lot
7.83 ac (341,075 SF)
APN
16-27-111-009
UPID
US28-0031727
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
-
Jewel-Osco Pharmacy Pharmacy
-
ATM (TCF Bank) Atm
-
Emily Nufer, PharmD Pharmacy
-
Debbie L. Bloom, RPh Pharmacy
-
higi Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.89M
Comparable Approach
Comparable
$9.63M
Blend (final)
Blend
$9.09M
Owner & transaction history
Safeway Realty LLC · 3 yrs held
Safeway Realty LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.7M
+42.7%
Auto repair, garage
$13.2M
+37.4%
Restaurant
$12.9M
+34.1%
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,875,000
6.5%
$11,885,000
7%
$11,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,610,000
Current use
COMMERCIAL (GENERAL)
$13,705,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,200,000
Change: +37% · Conversion: Difficult
RESTAURANT
$12,885,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$9,140,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,455,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.09M
Range $8.18M – $10.00M · ±10%
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
$120 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$272,001
Tax year 2023
Assessed value
$3,666,300
Assessed 2023
Previous assessed
$2,994,826
+22.4% YoY
Effective rate
7.42%
On assessed value
Assessed land
$1,811,315
Assessed improvement
$1,854,985
Land market value
$5,434,488
Improvement market value
$5,565,511
Total market value
$10,999,999
Applied tax rate
18,078.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
NONE
Total area
75,528 SF
Lot
7.83 ac (341,075 SF)
APN
16-27-111-009
UPID
US28-0031727
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$13.7M
AUTO REPAIR, GARAGE
Est. value
$13.2M
RESTAURANT
Est. value
$12.9M
OFFICE BUILDING
Est. value
$9.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
NONE
Lot
7.83 ac
Current owner
From public records · entity-resolved
Safeway Realty LLC
Entity
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Ownership since
2023
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 4, 2023
—
Safeway Realty LLC
Aci Real Estate Spe 115 LLC
Special Warranty Deed
—
Jun 15, 2020
—
Aci Real Estate Spe 115 LLC
American Stores Co LLC
Grant Deed
—
Dec 8, 2016
—
American Stores Company LLC
—
Deed
related
$130,500,000 · Credit Suisse Ag Cayman Islands Branch
Mar 21, 2013
—
American Stores Co LLC
—
Grant Deed
related
$1,000,000,000 · Self-insurer's Security Fund
May 26, 2010
—
Toys R Us-de INC
American Stores Co LLC
Quit Claim Deed
related
—
Jun 21, 2006
$12,000,000
American Stores Co LLC
Lucky Stores Properties INC
Warranty Deed
—
—
—
American Stores Co LLC
—
Deed Of Trust
related
—
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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