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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Motels
200 Rand Rd Mount Prospect, IL 60056-1132
Entity Owned
~
Est. High Equity
Property ID
US28-0709109
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1971
Lot
2.63 ac (114,563 SF)
APN
03-34-200-062
UPID
US28-0709109
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
-
PM Pediatric Urgent Care Medical Clinic Pediatrician
-
Bar Louie - Mt. Prospect Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Reit 200 LLC
Reit 200 LLC
since 2025
Last sale
$4.0M
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
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
$597,263
Tax year 2022
Assessed value
$2,094,354
Assessed 2022
Previous assessed
$1,374,999
+52.3% YoY
Effective rate
28.52%
On assessed value
Assessed land
$430,053
Assessed improvement
$1,664,301
Land market value
$1,720,212
Improvement market value
$6,657,204
Total market value
$8,377,416
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1971
Heating
NONE
Lot
2.63 ac (114,563 SF)
APN
03-34-200-062
UPID
US28-0709109
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
1971
Heating
NONE
Lot
2.63 ac
Current owner
From public records · entity-resolved
Reit 200 LLC
Entity
Mailing address
350 PARK AVEFL16, NEW YORK, NY 10022-6022
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2026
—
Md4 Mount Prospect LLC
—
Deed
related
$2,719,743 · Free State Credit Union
Nov 28, 2025
$4,000,000
Reit 200 LLC
Hdda Mount Prospect LLC
Special Warranty Deed
$7,492,500 · Sterling Bank
Feb 16, 2022
—
Hdda Mount Prospect LLC
Mp Real Estate Investments LLC
Special Warranty Deed
—
Apr 6, 2017
—
Mp Real Estate Investments LLC
—
Grant Deed
related
$7,400,000 · Access Pt Fin'l
Mar 1, 2011
—
Mp Real Estate Investments LLC
—
Deed Of Trust
related
$4,000,000 · First Equity Bank
Nov 9, 2010
—
Mp Real Estate Investments LLC
—
Deed Of Trust
related
$1,100,000 · First Equity Bank
Aug 11, 2010
—
Mp Real Estate Investments LLC
—
Grant Deed
related
$1,300,000 · First Equity Bank
Dec 29, 2009
—
Equity Bk First
Jj Hospitality LLC
Warranty Deed
related
—
Aug 21, 2006
$3,800,000
Jj Hospitality LLC
Banco Popular North America
Grant Deed
$2,975,000 · First Equity Bank
Oct 27, 1998
—
Republic Bank Of Chicago Ttee
—
Grant Deed
related
$5,500,000 · First National Bank
—
—
Republic Bank Chicago Trustee
—
Deed Of Trust
related
$7,000,000 · Banco Popular North America
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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