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Property profile & analytics
FOR LEASE
Commercial real estate
18501 Northstar Ct, Tinley Park, IL 60487
Entity Owned
Absentee Owner
Free & Clear
Property ID
US28-2671168
For Lease
1 / 3
$5,500,000
18501 Northstar Ct, Tinley Park, IL 60487
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
33,150 SF
Lot
3.09 ac (134,600 SF)
APN
19-09-02-201-002
UPID
US28-2671168
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
Vk 18501 Northstar LLC
Vk 18501 Northstar LLC
since 2025
Last sale
$5.8M
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 Tinley Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinley 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
$3,650,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±10% · vs last sale $5.79M (Jun 23 2025)
Last sale anchor
$5.79M
Jun 23 2025
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
$166 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$111,121
Tax year 2023
Assessed value
$1,100,000
Assessed 2023
Previous assessed
$1,100,000
+0.0% YoY
Effective rate
10.10%
On assessed value
Assessed land
$171,167
Assessed improvement
$928,833
Land market value
$513,501
Improvement market value
$2,786,499
Total market value
$3,300,000
Applied tax rate
1,920.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
33,150 SF
Lot
3.09 ac (134,600 SF)
APN
19-09-02-201-002
UPID
US28-2671168
Jurisdiction
WILL
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
3.09 ac
Current owner
From public records · entity-resolved
Vk 18501 Northstar LLC
Entity
Free & Clear · 0 yrs held
Mailing address
424 MADISON AVE FL #2, NEW YORK, NY 10017-1132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 23, 2025
$5,785,000
Vk 18501 Northstar LLC
Exeter 18501 Northstar LLC
Special Warranty Deed
—
Nov 18, 2024
$3,650,000
Exeter 18501 Northstar LLC
18501 Northstar Court LLC
Special Warranty Deed
—
Mar 30, 2021
$5,135,000
18501 Northstar Court LLC
Illinois Becknell Investors 2011 Ll
Special Warranty Deed
—
Feb 9, 2016
$5,000,000
Combined Oil Co
D & R Ents LLC
Dual Purpose Document
related
$4,900,000 · Private Individual
Jan 4, 2012
$3,300,000
Illinois Becknell Invtrs 2011
Becknell Dev Holdings LLC
Warranty Deed
—
Jun 10, 2009
$976,485
Becknell Dev Holdings LLC
Becknell Dev LLC
Warranty Deed
$37,000,000 · Bank Of America
Feb 21, 2008
$976,485
Becknell Dev LLC
Trust 90-4141
Grant Deed
$2,400,000 · Park National Bank
—
—
Becknell Dev LLC
—
Deed Of Trust
related
$2,550,000 · Park National Bank
—
—
Becknell Dev LLC
—
Deed Of Trust
related
$850,000 · Park National 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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