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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Retail space
200 Prospect Ave, Park Ridge, IL 60068-4037
Entity Owned
5-yr Hold
Free & Clear
Property ID
US28-1688549
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1949
Lot
0.44 ac (19,163 SF)
APN
09-35-212-014
UPID
US28-1688549
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
-
Hair Addicts Extension and Color Bar Hair Salon
-
Unique Beauty Bar Spa & Massage Center Alternative Medicine Practice
-
Hair Story by Julia Hair Salon
-
Lacquered Up! Spa Parties Nail Salon
-
BoujieNails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
200 Prospect LLC · 5 yrs held
200 Prospect LLC
since 2021
Last sale
$1.4M
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 Park Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park Ridge 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
$1,540,000
ML approach
$1,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.35M (May 10 2021)
Last sale anchor
$1.35M
May 10 2021
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
$68,259
Tax year 2022
Assessed value
$262,470
Assessed 2022
Previous assessed
$246,999
+6.3% YoY
Effective rate
26.01%
On assessed value
Assessed land
$114,978
Assessed improvement
$147,492
Land market value
$459,912
Improvement market value
$589,968
Total market value
$1,049,880
Applied tax rate
22,031.0000
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
1949
Heating
NONE
Lot
0.44 ac (19,163 SF)
APN
09-35-212-014
UPID
US28-1688549
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
1949
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
200 Prospect LLC
Entity
Free & Clear · 5 yrs held
Mailing address
200 S PROSPECT AVE, PARK RIDGE, IL 60068-4037
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jul 10, 2025
—
200 Prospect LLC
—
Deed
related
$2,000,000 · Marquette Bank
Jun 10, 2024
—
222 Prospect LLC
—
Deed
related
$4,425,000 · Itasca Bank & Trust Co
Aug 27, 2021
—
200 Prospect LLC
—
Deed
related
$2,520,000 · Marquette Bank
May 10, 2021
—
200 Prospect LLC
American Assn Of Nurse Anesthetists
Quit Claim Deed
related
—
Jun 6, 2019
—
200 Prospect LLC
—
Trustees Deed
related
$3,150,000 · Marquette Bk
Aug 8, 2018
$1,350,000
200 Prospect LLC
Wislow Leonard A Trust
Grant Deed
$1,480,000 · Pangea Mtg Cap LLC
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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