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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Commercial real estate
189 Brk Frst Ave, Shorewood, IL 60404-7252
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2657976
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,336 SF
Lot
1.13 ac (49,223 SF)
APN
05-06-09-409-040
UPID
US28-2657976
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
$800k
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$820k
Owner & transaction history
Nva Re LLC · 4 yrs held
Nva Re LLC
since 2022
Last sale
$845,000
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 Shorewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shorewood 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
$795,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $845k (Apr 8 2022)
Last sale anchor
$845k
Apr 8 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
$154 / 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
$32,121
Tax year 2023
Assessed value
$372,300
Assessed 2023
Previous assessed
$372,300
+0.0% YoY
Effective rate
8.63%
On assessed value
Assessed land
$166,661
Assessed improvement
$205,639
Land market value
$499,983
Improvement market value
$616,917
Total market value
$1,116,900
Applied tax rate
588.0000
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
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
5,336 SF
Lot
1.13 ac (49,223 SF)
APN
05-06-09-409-040
UPID
US28-2657976
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Nva Re LLC
Entity
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
Nva Re LLC
Realty Income Properties 13 LLC
Lease
—
Apr 8, 2022
$2,177,142
Reaty Income Properties 13 LLC
Nva Parent Re LLC
Special Warranty Deed
—
Jan 5, 2021
$2,177,143
Nva Parent Re LLC
Shorewood R/e Hldgs LLC
Grant Deed
—
Dec 22, 2015
—
Shorewood Real Estate Holdings
Kremer,anthony T
Grant Deed
—
May 21, 2015
$845,000
Anthony T Kremer
Brookforest Properties LLC
Grant Deed
—
Apr 6, 2011
—
Brookforest Properties LLC
Tih Shorewood LLC
Deed In Lieu Of Foreclosure
$1,332,500 · Ontario Wealth Management Corp
Oct 16, 2008
$1,508,034
Shorewood 13 LLC
Tih Shorewood LLC
Warranty Deed
—
Jul 25, 2008
$1,425,500
Shorewood 9 LLC
Tih Shorewood LLC
Warranty Deed
—
Apr 10, 2008
$10,417,038
Tih Shorewood LLC
Orland Commercial Plaza INC
Trustees Deed
$6,700,000 · Prudential Mortgage Capital Co
Apr 10, 2008
$10,417,500
Tih Shorewood LLC
Orland Commercial Plaza INC
Warranty Deed
$6,700,000 · Prudential Mortgage Capital Co LLC
May 18, 2006
$67,000,000
Orland Commercial Plaza INC
Midco Shorewood LLC
Grant Deed
$9,229,260 · Inland Bank & Trust
Jan 5, 2004
$1,625,000
Midco Shorewood LLC
Fifth Third Bank
Grant Deed
$1,475,000 · Fifth Third Bank Chicago
Oct 8, 2003
$2,525,000
Jewel Food Stores INC
—
Grant Deed
related
—
—
—
Brookforest Properties LLC
—
Deed Of Trust
related
$1,400,000 · Heartland 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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