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Property profile & analytics
OFF-MARKET
Estimated value
$5,235,000
Office buildings
161 Clark St Chicago, IL 60601-3206
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US28-1723301
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
1,037,200 SF
Lot
0.42 ac (18,265 SF)
APN
17-09-437-007
UPID
US28-1723301
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
-
North American Association-Food Association / Organization
-
Kramer Injury Law LLC Law Firm
-
Warner Dina Law Firm Child Welfare Organization
-
Gipe Holmes PC Law Firm Child Welfare Organization
-
Keener and Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.24M
Owner & transaction history
North Clark 161 · 18 yrs held
North Clark 161
since 2007
4 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$5 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,867,011
Tax year 2022
Assessed value
$33,386,495
Assessed 2022
Previous assessed
$32,597,824
+2.4% YoY
Effective rate
20.57%
On assessed value
Assessed land
$2,739,750
Assessed improvement
$30,646,745
Land market value
$10,959,000
Improvement market value
$122,586,980
Total market value
$133,545,980
Applied tax rate
76,015.0000
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
1988
Heating
NONE
Stories
52
Total area
1,037,200 SF
Lot
0.42 ac (18,265 SF)
APN
17-09-437-007
UPID
US28-1723301
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
1988
Heating
NONE
Stories
52
Lot
0.42 ac
Current owner
From public records · entity-resolved
North Clark 161
Individual
Mailing address
PO BOX 638, ADDISON, TX 75001-0638
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2018
—
161 N Clark Owner LLC
—
Grant Deed
related
$460,000,000 · Societe Generale
Sep 11, 2012
—
161 North Clark LP
—
Deed Of Trust
related
$709,165,709 · Us Bank NA Trust 2008-1 (te)
Jun 3, 2010
—
161 North Clark LP
—
Deed Of Trust
related
$709,165,709 · Us Bank NA Trust 2008-1 (te)
Sep 4, 2007
$214,000,000
North Clark 161
Il-161 Clark Street LLC
Grant Deed
related
$620,000,000 · Bear Stearns Commercial Mtg
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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