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Property profile & analytics
FOR LEASE
Gas stations
1975 Shermer Rd Northbrook, IL 60062
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-1545316
For Lease
1 / 2
$735,000
1975 Shermer Rd, Northbrook, IL 60062
View Listing →
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1994
Lot
0.14 ac (6,250 SF)
APN
04-15-100-042
UPID
US28-1545316
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
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
1975 Shermer Road LLC · 1 yrs held
1975 Shermer Road LLC
since 2025
Last sale
$675,000
6 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 Northbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northbrook 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
$785,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $675k (Mar 11 2025)
Last sale anchor
$675k
Mar 11 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
—
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
$8,721
Tax year 2022
Assessed value
$37,929
Assessed 2022
Previous assessed
$37,928
+0.0% YoY
Effective rate
22.99%
On assessed value
Assessed land
$23,437
Assessed improvement
$14,492
Land market value
$93,748
Improvement market value
$57,968
Total market value
$151,716
Applied tax rate
25,037.0000
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
Gas stations
Use group
GAS STATION
Status
For Lease
Year built
1994
Heating
NONE
Lot
0.14 ac (6,250 SF)
APN
04-15-100-042
UPID
US28-1545316
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
1994
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
1975 Shermer Road LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2401 SANDERS RD, NORTHBROOK, IL 60062-6109
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
$675,000
1975 Shermer Road LLC
Gw Northbrook LLC
Special Warranty Deed
—
Feb 13, 2019
$1,100,000
Gw Northbrook LLC
Combined Real Estates LLC
Grant Deed
$2,200,000 · Associated Bk
Mar 18, 2014
—
Combined Real Estate LLC
Mpco Real Estate LLC
Warranty Deed
related
—
Jan 23, 2009
$556,000
Mpco Real Estate LLC
Marathon Petroleum Co LLC
Grant Deed
$7,960,000 · Tcf National Bank
Aug 20, 1998
—
Marathon Ashland Petroleum LLC
Marathon Oil Company
Quit Claim Deed
related
—
—
—
Mpco Real Estate LLC
—
Deed Of Trust
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.
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