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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Retail space
2 Rand Rd, Mount Prospect, IL 60056-2154
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-5216768
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Lot
0.51 ac (22,050 SF)
APN
03-34-200-063
UPID
US28-5216768
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
-
Jiffy Lube Auto Repair Shop
-
Wild Fork Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
2 W Rand LLC · 2 yrs held
2 W Rand LLC
since 2024
Last sale
$2.1M
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 Mount Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Prospect 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
$1,620,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10% · vs last sale $2.06M (Mar 24 2022)
Last sale anchor
$2.06M
Mar 24 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
—
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
$55,832
Tax year 2022
Assessed value
$195,778
Assessed 2022
Previous assessed
$176,999
+10.6% YoY
Effective rate
28.52%
On assessed value
Assessed land
$82,687
Assessed improvement
$113,091
Land market value
$330,748
Improvement market value
$452,364
Total market value
$783,112
Applied tax rate
38,098.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Lot
0.51 ac (22,050 SF)
APN
03-34-200-063
UPID
US28-5216768
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
2003
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
2 W Rand LLC
Entity
Mailing address
2093 PHILADELPHIA PIKE, CLAYMONT, DE 19703-2424
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
2 W Rand LLC
Rh 2 W Rand LLC
Warranty Deed
—
Aug 10, 2023
$42,500
Hh 2 W Rand LLC
Ln 2 W Rand LLC
Warranty Deed
—
Mar 24, 2022
$2,060,000
Rio Grande M&g LLC
Tmc Wf Mount Prospect LLC
Special Warranty Deed
$1,227,600 · Credit Union 1
Aug 9, 2021
$1,110,000
Tmc Wf Mount Prospect LLC
Mf Mt Prospect LLC
Special Warranty Deed
$990,000 · Lake City Bank
Oct 2, 2019
—
Mf Mt Prospect LLC
—
Deed
related
$1,000,000 · Centennial Bk
Jan 23, 2015
$910,000
Mf Mt Prospect LLC
Kensington Petroleum INC
Grant Deed
$1,773,428 · Us Bk
Mar 11, 2011
—
Kensington Petroleum INC
—
Deed Of Trust
related
$1,094,000 · Associated Bank
Jul 9, 2009
$800,000
Kensington Petroleum INC
Judicial Sales Corp
Trustees Deed
—
Nov 13, 2006
—
T & K Ents INC
—
Trustees Deed
related
$250,000 · Broadway Bank
Jun 19, 2006
—
T & K Ents INC
—
Trustees Deed
related
$1,867,500 · Greatbank NA
Jun 24, 2004
$800,000
T & K Enterprises INC
Interra Petrosites LLC
Grant Deed
$1,425,000 · Amcore Bank
Dec 30, 2003
$430,000
Interra Petrosites LLC
Equilon Enterprises LLC
Grant Deed
—
Dec 30, 2003
—
Interra Petrosites LLC
—
Deed Of Trust
related
$2,921,250 · Parkway Bank & Trust Co
—
—
Kensington Petroleum INC
—
Deed Of Trust
related
$1,464,802 · Associated Bank
—
—
Mf Mt Prospect LLC
—
Deed Of Trust
related
$1,000,000 · Centennial Bk
—
—
Kensington Petroleum INC
—
Deed Of Trust
related
$1,464,802 · Associated Bank
—
—
Kensington Petroleum INC
—
Deed Of Trust
related
$1,094,000 · Associated 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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