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Property profile & analytics
FOR LEASE
Office buildings
1893 Sheridan Rd, Highland Park, IL 60035
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1489145
For Lease
1 / 38
$16 SF/Yr
1893 Sheridan Rd, Highland Park, IL 60035
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Construction
BRICK
Total area
31,631 SF
Lot
0.24 ac (10,472 SF)
APN
16-23-407-022
UPID
US28-1489145
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
-
Adriane L. Szackamer, PSYD Physician Medical Clinic
-
Rosenberg David L MD Physician
-
Garfield Bonnie S PHD Physician Medical Clinic
-
Adjustment Center Physician Medical Clinic
-
Spielman Cheryl PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.69M
Owner & transaction history
First Nations Bank · 11 yrs held
First Nations Bank
since 2014
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10%
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
$53 / 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
$71,949
Tax year 2023
Assessed value
$874,455
Assessed 2023
Previous assessed
$789,408
+10.8% YoY
Effective rate
8.23%
On assessed value
Assessed land
$203,365
Assessed improvement
$671,090
Land market value
$610,156
Improvement market value
$2,013,471
Total market value
$2,623,627
Applied tax rate
18,079.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1947
Construction
BRICK
Heating
NONE
Total area
31,631 SF
Lot
0.24 ac (10,472 SF)
APN
16-23-407-022
UPID
US28-1489145
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
1947
Construction
BRICK
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
First Nations Bank
Entity
Mailing address
17TH 22ND ST STE #200, OAKBROOK TERRACE, IL 60181-4490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Aug 31, 2022
—
First Nations Bank
—
Deed
related
$4,425,000 · First Nations Bank
Oct 2, 2019
—
Land Trust 1823
—
Deed Of Trust
related
$1,350,000 · First Nations Bk
Oct 1, 2019
—
Land Trust 1823
—
Deed
related
—
Jul 30, 2014
$1,425,000
First Nations Bank
Highland Realty Holding Company LLC
Warranty Deed
$1,418,750 · First Nations Bank
Jan 10, 2014
—
New York Cmnty Bk
Ajs Devs LLC
Grant Deed
related
—
Aug 15, 2001
$2,375,000
Ajs Development LLC
Lasalle Bank NA Ttee
Grant Deed
$2,000,000 · National City Bank
—
—
Land Trust 1823
—
Loan Modification
related
—
—
—
Ajs Devs LLC
—
Deed Of Trust
related
$2,750,000 · Sovereign Bank
—
—
Ajs Development LLC
—
Deed Of Trust
related
$600,000 · 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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