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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
1835 19th Ave, Melrose Park, IL 60160-2040
Entity Owned
~
Est. High Equity
Property ID
US28-2709304
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1954
Lot
0.19 ac (8,250 SF)
APN
15-03-106-011
UPID
US28-2709304
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
-
Sewell J Roger Law Firm
-
Consultorio Dra Physician
-
JMC Pharmacy Pharmacy
-
Advance Wellness Clinic Physician
-
James Medical Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Gomez Premier Properties LLC
Gomez Premier Properties LLC
since 2026
Last sale
$525,000
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 Melrose Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose Park 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
$600,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $525k (Sep 7 2021)
Last sale anchor
$525k
Sep 7 2021
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
$30,148
Tax year 2022
Assessed value
$97,832
Assessed 2022
Previous assessed
$97,832
+0.0% YoY
Effective rate
30.82%
On assessed value
Assessed land
$28,875
Assessed improvement
$68,957
Land market value
$115,500
Improvement market value
$275,828
Total market value
$391,328
Applied tax rate
31,017.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1954
Heating
NONE
Lot
0.19 ac (8,250 SF)
APN
15-03-106-011
UPID
US28-2709304
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
1954
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
Gomez Premier Properties LLC
Entity
Mailing address
1835 N 19TH AVE, MELROSE PARK, IL 60160-2040
Ownership since
2026
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
Apr 30, 2026
$550,000
Gomez Premier Properties LLC
Melrose James Medical LLC
Warranty Deed
—
Sep 7, 2021
$525,000
Melrose James Medical LLC
I J B LLC
Warranty Deed
$393,750 · Centrust Bank NA
Dec 3, 2019
—
1-jb LLC
—
Deed
related
$160,000 · Midland States Bk
Feb 27, 2006
$500,000
1-jb LLC
Trust 1234
Grant Deed
$400,000 · Citizens Financial Bank
—
—
1-jb LLC
—
Deed Of Trust
related
$465,137 · Citizens Financial Bank
—
—
1-jb LLC
—
Deed Of Trust
related
$160,000 · Midland States Bk
—
—
1-jb LLC
—
Deed Of Trust
related
$65,137 · Citizens Financial Bank
—
—
North,star Tr
—
Deed Of Trust
related
$184,000 · Villa Park Trust & Savings Bk
—
—
Banco Popular NA Ttee
—
Deed Of Trust
related
$200,000 · Continental Community Bk & Tr
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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