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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2070 North Rand Rd, Palatine, IL 60074
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0775200
For Lease
1 / 6
Contact for pricing
2070 North Rand Rd, Palatine, IL 60074
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Lot
4.63 ac (201,683 SF)
APN
02-02-204-013
UPID
US28-0775200
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
-
Character Martial Arts Training Center Sports School
-
Medical Holistic Health Care Physician
-
Butera Market Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
-
Dr. Vartan Chakalian Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Foxfire Partners LLC · 22 yrs held
Foxfire Partners LLC
since 2003
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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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
$313,195
Tax year 2022
Assessed value
$1,093,536
Assessed 2022
Previous assessed
$1,105,685
-1.1% YoY
Effective rate
28.64%
On assessed value
Assessed land
$504,512
Assessed improvement
$589,024
Land market value
$2,018,048
Improvement market value
$2,356,096
Total market value
$4,374,144
Applied tax rate
29,153.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2003
Heating
NONE
Lot
4.63 ac (201,683 SF)
APN
02-02-204-013
UPID
US28-0775200
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
Lot
4.63 ac
Current owner
From public records · entity-resolved
Foxfire Partners LLC
Entity
Mailing address
1153 LEE ST #109, DES PLAINES, IL 60016-6516
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2004
—
Foxfire Partners LLC
—
Trustees Deed
related
$7,485,000 · First American Savings Bank
Sep 9, 2003
$2,333,500
Foxfire Partners LLC
Lasalle Bank NA Trustee
Grant Deed
$2,585,000 · First American Savings Bank
Sep 9, 2003
$1,167,000
Foxfire Partners LLC
Lasalle Bank NA Trustee
Grant Deed
—
Mar 20, 2000
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$550,000 · Citibank Fsb
Mar 20, 2000
$240,000
American Nat'l Bk&tr Chgo Ttee
Lasalle Bank NA Trustee
Trustees Deed
related
—
—
—
Foxfire Partners LLC
—
Deed Of Trust
related
$7,250,000 · Cole Taylor Bank
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$1,100,000 · Citibank Fsb
—
—
Foxfire Partners LLC
—
Deed Of Trust
related
$150,000 · First American Savings Bank
—
—
Foxfire Partners LLC
—
Deed Of Trust
related
$250,000 · First American Savings 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.
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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