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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
1603 Orrington Ave, Evanston, IL 60201-3841
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-5801416
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1968
Lot
0.64 ac (27,920 SF)
APN
11-18-306-005
UPID
US28-5801416
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
-
Industrial Opportunity Partners Corporate Office Financial Advisor
-
Chase Mortgage Loan Service Bank
-
Zipcar Freight Service Logistics Company
-
J. Blanton Plumbing, Sewer & Drain Plumbing Service General Contractor
-
Acquirent Business To Business Service Business Development Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Gregoco Orrington Owner LLC · 8 yrs held
Gregoco Orrington Owner LLC
since 2018
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 Evanston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evanston 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
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
—
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
$2,602,351
Tax year 2022
Assessed value
$11,024,128
Assessed 2022
Previous assessed
$11,696,950
-5.8% YoY
Effective rate
23.61%
On assessed value
Assessed land
$139,600
Assessed improvement
$10,884,528
Land market value
$558,400
Improvement market value
$43,538,112
Total market value
$44,096,512
Applied tax rate
17,062.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1968
Heating
NONE
Stories
22
Lot
0.64 ac (27,920 SF)
APN
11-18-306-005
UPID
US28-5801416
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
1968
Heating
NONE
Stories
22
Lot
0.64 ac
Current owner
From public records · entity-resolved
Gregoco Orrington Owner LLC
Entity
Mailing address
625 N MICHIGAN AVE STE #2000, CHICAGO, IL 60611-3179
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
$91,300,000
Gregoco Orrington Owner LLC
Orrington Ll LLC
Grant Deed
related
—
Jun 5, 2018
—
Gre-goco Orrington Owner LLC
—
Grant Deed
related
$60,300,000 · Pnc Bk
Oct 4, 2013
$61,500,000
Orrington Ll LLC
Lr 1603 Orrington LLC
Grant Deed
related
$42,475,000 · Bmo Harris Bk NA
Apr 9, 2010
—
Lr 1603 Orrington LLC
—
Deed Of Trust
related
$42,370,000 · Bank Of America
Jan 17, 2007
—
Lr 1603 Orrington LLC
—
Deed Of Trust
related
$40,770,000 · Lasalle National Bank
Sep 29, 2006
$31,083,673
Lr 1603 Orrington LLC
Cfri Of Golub Evanston LLC
Grant Deed
—
Dec 20, 1999
$3,665,000
Evanston Associates LLC
American Nat'l Bk&tr Chgo Ttee
Grant Deed
$25,700,000 · Bank One Illinois NA
Dec 15, 1999
—
American Natl Bk&trt Chgo Ttee
1603 Venture Co LLC
Grant Deed
related
—
—
—
Orrington Ll LLC
—
Loan Modification
related
$45,422 · Bmo Harris Bk NA
—
—
Lr 1603 Orrington LLC
—
Deed Of Trust
related
$40,770,000 · Bank Of America
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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