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Property profile & analytics
OFF-MARKET
Commercial real estate
16000 Kedzie Ave, Markham, IL 60428
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US28-5867411
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Lot
0.19 ac (8,492 SF)
APN
28-23-215-014
UPID
US28-5867411
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
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
Edward A Tauber · 18 yrs held
Edward A Tauber
since 2008
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 Markham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Markham 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
$17,377
Tax year 2022
Assessed value
$21,277
Assessed 2022
Previous assessed
$21,277
+0.0% YoY
Effective rate
81.67%
On assessed value
Assessed land
$14,861
Assessed improvement
$6,416
Land market value
$59,444
Improvement market value
$25,664
Total market value
$85,108
Applied tax rate
13,043.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Heating
NONE
Lot
0.19 ac (8,492 SF)
APN
28-23-215-014
UPID
US28-5867411
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
2001
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
Edward A Tauber
Individual
Mailing address
PO BOX 492292, LOS ANGELES, CA 90049-8292
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Lisa Tauber
—
Deed
related
$2,000,000 · The Bank Of Hemet
Feb 28, 2008
$10
Edward A Tauber
Markham Properties LLC
Warranty Deed
related
—
Oct 30, 2006
$760,000
Markham Properties LLC
Kal-mark Properties LLC
Warranty Deed
related
$570,000 · Austin Bank Chicago
Aug 24, 2005
$375,000
Kal-mar Properties LLC
Narsolis,walter
Warranty Deed
—
Aug 24, 2005
—
Kal-mar Properties LLC
—
Trustees Deed
related
$140,000 · Marquette Bank
Apr 6, 2005
$175,000
Walter Narsolis
Moss Sewer & Water INC
Warranty Deed
—
Apr 6, 2005
—
Walter Narsolis
—
Trustees Deed
related
$131,250 · State Bank Of Countryside
Sep 26, 2003
$30,000
Moss Sewer & Water INC
Standard Bank & Trust Co Ttee
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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