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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Retail space
16760 Richmond Ave Hazel Crest, IL 60429-1027
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-1062739
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Lot
0.68 ac (29,795 SF)
APN
28-25-101-047
UPID
US28-1062739
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
-
Larry's Cartage Co Inc Trucking Company
-
Concrete Specialites Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.25M
Owner & transaction history
U S Mmg Properties Of Illinois LLC · 4 yrs held
U S Mmg Properties Of Illinois LLC
since 2022
Last sale
$2.5M
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 Hazel Crest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazel Crest 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
$1,965,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.50M (Jul 1 2022)
Last sale anchor
$2.50M
Jul 1 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
$47,970
Tax year 2022
Assessed value
$58,736
Assessed 2022
Previous assessed
$58,736
+0.0% YoY
Effective rate
81.67%
On assessed value
Assessed land
$29,795
Assessed improvement
$28,941
Land market value
$119,180
Improvement market value
$115,764
Total market value
$234,944
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
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
1980
Heating
NONE
Stories
1
Lot
0.68 ac (29,795 SF)
APN
28-25-101-047
UPID
US28-1062739
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
1980
Heating
NONE
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
U S Mmg Properties Of Illinois LLC
Entity
Free & Clear · 4 yrs held
Mailing address
16760 RICHMOND AVE, HAZEL CREST, IL 60429-1027
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
—
U S Mmg Properties Of Illinois LLC
—
Deed
related
$1,875,000 · Origin Bank
Jul 1, 2022
$2,500,000
U S Mmg Properties Of Illinois LLC
L Denton LLC
Special Warranty Deed
—
Jun 13, 2016
$355,000
L Denton LLC
Lucky Dev LLC
Grant Deed
$255,000 · Private Individual
Oct 24, 2014
$827,500
L Denton LLC
Lucky Dev LLC
Grant Deed
$736,000 · Hinsdale Bk&tr
Sep 5, 2014
—
Lucky Dev LLC
—
Loan Modification
related
$16,000,000 · First American Bk
Jul 14, 2011
—
Lucky Dev LLC
—
Trustees Deed
related
$4,000,000 · First American Bank
Jun 7, 2001
—
Lucky Development LLC
—
Deed Of Trust
related
$2,750,000 · First American Savings Bank
Mar 14, 2000
—
Lucky Development LLC
—
Deed Of Trust
related
$2,250,000 · First American Savings Bank
Aug 21, 1998
—
Lucky Development LLC
—
Deed Of Trust
related
$1,500,000 · First American Savings Bank
—
—
Lucky Development LLC
—
Deed Of Trust
related
$900,000 · First American Savings Bank
—
—
Lucky Development LLC
—
Deed Of Trust
related
$432,200 · First American Savings Bank
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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