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Property profile & analytics
OFF-MARKET
Estimated value
$7,525,000
Motels
2124 Arlington Hts Rd, Arlington Heights, IL 60005
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2062525
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Lot
0.86 ac (37,547 SF)
APN
08-16-200-035
UPID
US28-2062525
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
$7.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.53M
Owner & transaction history
Hp Arlington Hotel LLC · 4 yrs held
Hp Arlington Hotel LLC
since 2021
Last sale
$7.1M
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 Arlington Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington Heights 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
$8,045,000
ML approach
$7,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.53M
Range $6.77M – $8.28M · ±10% · vs last sale $7.05M (Dec 8 2021)
Last sale anchor
$7.05M
Dec 8 2021
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
—
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
$99,910
Tax year 2022
Assessed value
$404,791
Assessed 2022
Previous assessed
$419,277
-3.5% YoY
Effective rate
24.68%
On assessed value
Assessed land
$140,801
Assessed improvement
$263,990
Land market value
$563,204
Improvement market value
$1,055,960
Total market value
$1,619,164
Applied tax rate
16,017.0000
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
1984
Heating
NONE
Lot
0.86 ac (37,547 SF)
APN
08-16-200-035
UPID
US28-2062525
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
1984
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Hp Arlington Hotel LLC
Entity
Mailing address
3454 DOUGLAS RDSTE250, SOUTH BEND, IN 46635-1781
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
$7,050,000
Hp Arlington Hotel LLC
Pidi Arlington LLC
Special Warranty Deed
$7,700,000 · Centier Bank
Sep 12, 2019
—
Pidi Arlington LLC
—
Correction Deed
related
$2,250,000 · Oxford Bk
Jul 5, 2019
—
Pidi Arlington LLC
—
Grant Deed
related
$2,313,000 · Small Busn Growth
Jun 20, 2019
$6,650,000
Pidi Arlington LLC
Shg 2120 Arlington Heights LLC
Warranty Deed
$3,750,000 · Oxford Bk
Jan 19, 2018
—
Shg 2120 Arlington Heights LLC
—
Grant Deed
related
$1,842,000 · Private Individual
Jul 24, 2017
—
Shg 2120 Arlington Heights LLC
—
Deed
related
—
Jun 30, 2017
$6,000,000
Shg 2120 Arlington Heights LLC
Agrani Heights 2120 LLC
Trustees Deed
$3,385,000 · Tri Cty Nat'l Bk
Feb 6, 2015
—
Agrani Heights 2120 LLC
—
Trustees Deed
related
$935,000 · International Bk/chicago
Jul 2, 2013
—
Agrani Heights 2120 LLC
W2005 New Century Hotel
Grant Deed
related
$2,800,000 · International Bank Of Chicago
Jun 4, 2001
—
Rrs Spe 1998 LLC
Rsf Partnership LLP
Grant Deed
$40,350,000 · Wells Fargo Bank Mn Trustee
—
—
Pidi Arlington LLC
—
Deed Of Trust
related
$3,750,000 · Oxford Bk
—
—
Shg 2120 Arlington Heights LLC
—
Loan Modification
related
—
—
—
Shg 2120 Arlington Heights LLC
—
Deed Of Trust
related
$3,385,000 · Tri Cty Nat'l Bk
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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