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Property profile & analytics
OFF-MARKET
Estimated value
$7,180,000
Hotels
2 Pkwy N Blvd, Deerfield, IL 60015-2544
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1393449
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
BRICK
Total area
1,208 SF
Lot
6.91 ac (301,000 SF)
APN
16-31-101-024
UPID
US28-1393449
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
$7.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.18M
Owner & transaction history
Two Parkway North Hotel LLC · 2 yrs held
Two Parkway North Hotel LLC
since 2023
Last sale
$6.7M
5 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 Deerfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deerfield 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
$7,810,000
ML approach
$7,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.18M
Range $6.46M – $7.90M · ±10% · vs last sale $6.66M (Sep 8 2023)
Last sale anchor
$6.66M
Sep 8 2023
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
$5,944 / 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
$425,325
Tax year 2023
Assessed value
$4,747,204
Assessed 2023
Previous assessed
$4,491,410
+5.7% YoY
Effective rate
8.96%
On assessed value
Assessed land
$1,117,576
Assessed improvement
$3,629,628
Land market value
$3,353,063
Improvement market value
$10,889,973
Total market value
$14,243,036
Applied tax rate
17,004.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
NONE
Total area
1,208 SF
Lot
6.91 ac (301,000 SF)
APN
16-31-101-024
UPID
US28-1393449
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
1989
Construction
BRICK
Heating
NONE
Lot
6.91 ac
Current owner
From public records · entity-resolved
Two Parkway North Hotel LLC
Entity
Mailing address
204 N ROBINSON AVE STE #700, OKLAHOMA CITY, OK 73102-6801
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$6,660,000
Two Parkway North Hotel LLC
Deerfield Hotel Owner LLC
Special Warranty Deed
$11,160,000 · Sovereign Bank
Jan 4, 2021
—
Deerfield Hotel Owner LLC
Mlq Mb Hotels 2011 LLC
Grant Deed
—
Oct 10, 2013
$29,754
Mlq Mb Hotels 2011 LLC
Aew-dow Deerfield LLC
Grant Deed
—
Feb 27, 2006
$26,516,000
Aew-dow Deerfield LLC
Hmc Sbm Two LLC
Grant Deed
$20,800,000 · Prudential Insurance Co
—
—
Aew-dow Deerfield LLC
—
Deed Of Trust
related
$20,800,000 · Prudential Insurance Co
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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