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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail space
1732 Central St Evanston, IL 60201-1508
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0176656
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
3,720 SF
Lot
0.17 ac (7,400 SF)
APN
10-12-201-004
UPID
US28-0176656
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
-
Laura K. Bianchi, M.D. Physician
-
Ethereal Complexions Medical Clinic Skin Care Clinic
-
STRATOSPHERE NETWORKS (Bike/Boat/Book/etc) Store Corporate Office
-
Insurance IT Solutions Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$790k
Owner & transaction history
Jaxon Shepherd LLC · 4 yrs held
Jaxon Shepherd LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$815,000
+47.1%
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 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
$825,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$495,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $1.05M (Mar 16 2022)
Last sale anchor
$1.05M
Mar 16 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
$212 / 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
$48,568
Tax year 2022
Assessed value
$200,603
Assessed 2022
Previous assessed
$164,000
+22.3% YoY
Effective rate
24.21%
On assessed value
Assessed land
$37,000
Assessed improvement
$163,603
Land market value
$148,000
Improvement market value
$654,412
Total market value
$802,412
Applied tax rate
17,056.0000
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
1955
Heating
NONE
Stories
1
Total area
3,720 SF
Lot
0.17 ac (7,400 SF)
APN
10-12-201-004
UPID
US28-0176656
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
OFFICE BUILDING
Est. value
$495,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1955
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Jaxon Shepherd LLC
Entity
Mailing address
1732 CENTRAL ST, EVANSTON, IL 60201-1508
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
Jul 12, 2022
—
Jaxon Shepherd LLC
—
Deed
related
$900,000 · Byline Bank
Mar 16, 2022
$1,050,000
Jaxon Shepherd LLC
Melbin Holdings LLC
Special Warranty Deed
$840,000 · Byline Bank
Jan 19, 2011
—
Gmu Holdings LLC
Clybourn Dev Holdings LLC
Deed In Lieu Of Foreclosure
related
—
Jan 19, 2011
$580,000
Melbin Holdings LLC
Gmu Holdings LLC
Grant Deed
related
$464,000 · J P Morgan Chase Bank
Jan 25, 2005
$910,000
Clybourn Dev Holdings LLC
1732 Central Corp
Warranty Deed
related
$660,000 · Cosmopolitan Bank & Trust
—
—
Clybourn Dev Holdings LLC
—
Deed Of Trust
related
$125,000 · Fifth Third Bank
—
—
1732 Central Corp
—
Deed Of Trust
related
$85,886 · Private Bank & Trust Co
—
—
1732 Central Corp
—
Deed Of Trust
related
$536,000 · Fifth Third Bank
—
—
Clybourn Dev Holdings LLC
—
Deed Of Trust
related
$975,000 · Greystone Bank
—
—
1732 Central Corp
—
Deed Of Trust
related
$495,000 · Private Bank & Trust Co
—
—
Clybourn Dev Holdings LLC
—
Deed Of Trust
related
$690,000 · Greenpoint Mortgage Funding
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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