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Property profile & analytics
OFF-MARKET
Estimated value
$13,605,000
Office buildings
227 Monroe St Chicago, IL 60606-5001
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2636608
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
1,463,900 SF
Lot
1.03 ac (44,867 SF)
APN
17-16-209-012
UPID
US28-2636608
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
-
Glanbia Nutritionals Inc Food Processing Plant
-
Blackwell Brys Cheryl Law Firm
-
Reiter Michael A Law Firm
-
Amazo Health Inc Corporate Office
-
Zekelman Industries Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.61M
Owner & transaction history
4800 S Central LLC · 16 yrs held
4800 S Central LLC
since 2010
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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
$18,986,444
Tax year 2022
Assessed value
$92,309,566
Assessed 2022
Previous assessed
$87,916,193
+5.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$4,757,343
Assessed improvement
$87,552,223
Land market value
$19,029,372
Improvement market value
$350,208,892
Total market value
$369,238,264
Applied tax rate
76,068.0000
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
1988
Heating
NONE
Stories
60
Total area
1,463,900 SF
Lot
1.03 ac (44,867 SF)
APN
17-16-209-012
UPID
US28-2636608
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
60
Lot
1.03 ac
Current owner
From public records · entity-resolved
4800 S Central LLC
Entity
Free & Clear · 16 yrs held
Mailing address
222 W ADAMS ST STE #1750, CHICAGO, IL 60606-5398
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jul 9, 2010
—
4800 S Central LLC
Trust 1654
Grant Deed
related
—
Dec 1, 2009
$1,410,000
Central Avenue Venture LLC
Trust 1654
Trustees Deed
$32,801,681 · Bank Of America
Nov 2, 2005
$9,233,333
Trust 1654
Midway Business Park LLC
Grant Deed
$11,000,000 · Midamerica National Bank
Dec 16, 2003
—
227 Monroe Street INC
Monroe & Adams Delaware INC
Quit Claim Deed
related
$825,000,000 · Lehman Brothers Bank Fsb
—
—
Trust 1654
—
Deed Of Trust
related
—
—
—
Trust 7108
—
Deed Of Trust
related
$99,000 · First Nation 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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