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Property profile & analytics
OFF-MARKET
Motels
208 La Salle St Chicago, IL 60604-1000
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-3224793
Property profile
Verified
Property type
Motels
Use group
MOTEL
APN
17-16-220-008
UPID
US28-3224793
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
-
Alexander & Alexander Law Firm
-
Jeffrey M. Brickman Law Firm
-
Nakamura Jenkins - State Farm Insurance Agent Insurance Agency
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Gomberg Sharfman Gold Ostler Law Firm
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Downtown Auto Transport Freight Service Logistics Company
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
Rss Csail2017 Cx9 Il Uph LLC · 3 yrs held
Rss Csail2017 Cx9 Il Uph LLC
since 2022
4 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
—
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
$3,943,025
Tax year 2022
Assessed value
$19,170,465
Assessed 2022
Previous assessed
$15,056,392
+27.3% YoY
Effective rate
20.57%
On assessed value
Assessed land
$2,714,172
Assessed improvement
$16,456,293
Land market value
$10,856,688
Improvement market value
$65,825,172
Total market value
$76,681,860
Applied tax rate
76,058.0000
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
Heating
NONE
APN
17-16-220-008
UPID
US28-3224793
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
Heating
NONE
Current owner
From public records · entity-resolved
Rss Csail2017 Cx9 Il Uph LLC
Entity
Mailing address
151 W ADAMS ST, CHICAGO, IL 60603-3601
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
Rss Csail2017 Cx9 Il Uph LLC
Ust Prime III Hotel Owner LP
Foreclosure
related
—
Jul 24, 2017
—
Ust Prime III Hotel Owner LP
—
Grant Deed
related
$407,000,000 · Natixis R/e Cap
Jul 8, 2014
—
Ust Prime III Hotel Owner LP
—
Grant Deed
related
$265,000,000 · Goldman Sachs Bk USA
—
—
Ust Prime III Hotel Owner LP
—
Deed Of Trust
related
$22,500 · Capri Urban Investors Reit
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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