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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Gas stations
17700 Torrence Ave, Lansing, IL 60438-1857
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0741622
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
2003
Lot
0.34 ac (14,652 SF)
APN
29-25-410-028
UPID
US28-0741622
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
-
Marathon Gas Gas Station
-
Food Shop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
17700 Real Estate LLC · 2 yrs held
17700 Real Estate LLC
since 2024
Last sale
$1.1M
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 Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing 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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Feb 6 2024)
Last sale anchor
$1.10M
Feb 6 2024
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
$64,277
Tax year 2022
Assessed value
$98,901
Assessed 2022
Previous assessed
$98,901
+0.0% YoY
Effective rate
64.99%
On assessed value
Assessed land
$25,641
Assessed improvement
$73,260
Land market value
$102,564
Improvement market value
$293,040
Total market value
$395,604
Applied tax rate
37,311.0000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
2003
Heating
NONE
Lot
0.34 ac (14,652 SF)
APN
29-25-410-028
UPID
US28-0741622
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
2003
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
17700 Real Estate LLC
Entity
Mailing address
17700 TORRENCE AVE, LANSING, IL 60438-1857
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
$1,100,000
17700 Real Estate LLC
17700 INC
Special Warranty Deed
$780,000 · Peoplefirst Bank
Mar 29, 2022
—
Gas Depot INC
—
Deed
related
$600,000 · Peoplefirst Bank
Apr 15, 2021
—
17700 INC
—
Deed
related
$950,000 · Peoplefirst Bank
Oct 4, 2006
—
17700 INC
Trust 130316
Grant Deed
related
—
Jan 16, 2003
—
Lasalle Bank NA Trustee
Gas Depot INC
Grant Deed
related
—
Oct 4, 2002
$170,000
Gas Depot INC
Oig 3 LLC
Quit Claim Deed
related
—
Aug 10, 1999
$171,000
Otg 3 LLC
Clark Refining & Marketing INC
Grant Deed
$200,000 · Ffca Acquisition Corp
—
—
17700 INC
—
Deed Of Trust
related
$384,938 · Tcf National Bank
—
—
Gas Depot INC
—
Deed Of Trust
related
$982,500 · Mutual 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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