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Property profile & analytics
OFF-MARKET
Retail space
1905 Bernice Rd Lansing, IL 60438-6015
Entity Owned
7-yr Hold
Free & Clear
Property ID
US28-0965258
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1970
Lot
0.96 ac (41,741 SF)
APN
29-25-301-031
UPID
US28-0965258
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
-
Medicare Training & Consulting Inc. Social Service Agency Charitable Organization
-
TYK Refractories Industrial Manufacturer Production Facility
-
CCL Construction General Contractor
-
Re/Max 2000 Buder Sales Network Real Estate Agency
-
Allcare Home Health Inc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Werner Ents INC · 7 yrs held
Werner Ents INC
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$59,091
Tax year 2022
Assessed value
$96,441
Assessed 2022
Previous assessed
$96,441
+0.0% YoY
Effective rate
61.27%
On assessed value
Assessed land
$62,611
Assessed improvement
$33,830
Land market value
$250,444
Improvement market value
$135,320
Total market value
$385,764
Applied tax rate
37,263.0000
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
1970
Heating
NONE
Lot
0.96 ac (41,741 SF)
APN
29-25-301-031
UPID
US28-0965258
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
1970
Heating
NONE
Lot
0.96 ac
Current owner
From public records · entity-resolved
Werner Ents INC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 45308, OMAHA, NE 68145-0308
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2019
—
Werner Ents INC
Bernice Road LLC
Quit Claim Deed
related
—
Jul 26, 2018
$2,000,000
Bernice Road LLC
Bordertown Driver Traiing Sch
Warranty Deed
—
May 10, 2018
$500,000
Bordentown Driver Training Sch
G & L Series LLC
Warranty Deed
—
May 10, 2018
$1,500,000
Bordentown Driver Training Sch
G & L Series LLC 1945
Warranty Deed
—
Jun 18, 2013
$370,000
G & L Series LLC
Twin Tower Properties LLC
Warranty Deed
—
Jun 26, 2007
$385,000
Twin Tower Properties LLC
Pellar,elaine
Warranty Deed
$324,003 · Elaine Pellar
Jun 26, 2007
—
Elaine N Pellar
Pellar,joseph J
Quit Claim Deed
related
—
Nov 13, 2002
—
Department Of Transportation
Pellar,joseph J & Elaine
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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