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Property profile & analytics
OFF-MARKET
Estimated value
$4,130,000
Grocery and convenience stores
2115 Nursery St Chicago, IL 60614
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US28-1765831
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1988
Total area
34,000 SF
Lot
2.31 ac (100,624 SF)
APN
14-32-125-008
UPID
US28-1765831
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
$4.32M
Blend (final)
Blend
$4.13M
Owner & transaction history
Webster-wayne Shopping Center · 23 yrs held
Webster-wayne Shopping Center
since 2002
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.13M
Range $3.72M – $4.54M · ±10%
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
$121 / 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
$424,927
Tax year 2022
Assessed value
$2,065,938
Assessed 2022
Previous assessed
$2,065,938
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$1,256,487
Assessed improvement
$809,451
Land market value
$5,025,948
Improvement market value
$3,237,804
Total market value
$8,263,752
Applied tax rate
74,026.0000
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
Off-Market
Year built
1988
Heating
NONE
Stories
1
Total area
34,000 SF
Lot
2.31 ac (100,624 SF)
APN
14-32-125-008
UPID
US28-1765831
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
1988
Heating
NONE
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Webster-wayne Shopping Center
Individual
Mailing address
1142 W MADISON ST STE #401, CHICAGO, IL 60607-2191
Ownership since
2002
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
Jun 24, 2019
—
Market Square Shopping Ctr LLC
—
Grant Deed
related
$21,500,000 · Bny Mellon NA
Mar 11, 2019
—
Market Square Shopping Ctr LLC
—
Deed
related
$18,275,000 · First Midwest Bk
Apr 15, 2013
—
Market Square Shopping Ctr LLC
—
Deed Of Trust
related
$9,573,000 · Standard Bank & Trust
Sep 11, 2002
—
Webster-wayne Shopping Center
Chicago Title Land Tr Co Ttee
Grant Deed
$7,500,000 · Bear Stearns Commercial Mtg
—
—
Market Square Shopping Ctr LLC
—
Loan Modification
related
$18,275,000 · First Midwest Bk
—
—
Market Square Shopping Center
—
Deed Of Trust
related
$2,500,000 · Standard Bank & Trust
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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