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Property profile & analytics
OFF-MARKET
Estimated value
$11,225,000
Office buildings
200 Randolph St Ste 6800 Chicago, IL 60601-6812
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-2552625
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Total area
2,404,000 SF
Lot
3.74 ac (162,914 SF)
APN
17-10-316-027
UPID
US28-2552625
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.23M
Owner & transaction history
601 W Companies LLC · 10 yrs held
601 W Companies LLC
since 2015
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$5 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$21,474,836
Tax year 2022
Assessed value
$115,800,607
Assessed 2022
Previous assessed
$120,603,168
-4.0% YoY
Effective rate
18.54%
On assessed value
Assessed land
$13,236,518
Assessed improvement
$102,564,089
Land market value
$52,946,072
Improvement market value
$410,256,356
Total market value
$463,202,428
Applied tax rate
76,015.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1974
Heating
NONE
Stories
80
Total area
2,404,000 SF
Lot
3.74 ac (162,914 SF)
APN
17-10-316-027
UPID
US28-2552625
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
1974
Heating
NONE
Stories
80
Lot
3.74 ac
Current owner
From public records · entity-resolved
601 W Companies LLC
Entity
Mailing address
200 E RANDOLPH ST STE #6800, CHICAGO, IL 60601-6812
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2018
—
601 W Companies LLC
—
Grant Deed
related
$1,072,000,000 · Jpmorgan Chase Bk NA
Oct 12, 2017
—
601 W Companies LLC
—
Loan Modification
related
$955,246,000 · Bank Of China Chicago Branch
Oct 30, 2015
$712,000,000
601 W Companies LLC
Piedmont-chicago Center Owner
Grant Deed
$481,623,000 · Bank Of China
Dec 31, 2008
—
Wellsreit-chicago Ctr Owner Ll
—
Deed Of Trust
related
$225,000,000 · Metropolitan Life Insurance
Dec 29, 2005
$687,000
Bruce Nesbitt
Nesbitt,elizabeth
Quit Claim Deed
related
—
Apr 27, 2004
—
Wells Reit Chicago Ctr Owner
Wells Reit Chicago Ctr Chicago
Quit Claim Deed
related
$200,000,000 · Metropolitan Life Insurance
May 12, 2003
—
Wells Reit Chicago Center Chic
Bre/randolph Drive LLC
Grant Deed
related
$112,346,607 · Bre/randolph Drive 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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