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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Retail space
2300 Skokie Vly Rd Highland Park, IL 60035-1735
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-1894794
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
BRICK
Total area
48,372 SF
Lot
1.01 ac (43,821 SF)
APN
16-21-205-013
UPID
US28-1894794
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
-
Porsche Exchange Parts Auto Parts Store
-
Porsche Exchange Car Dealership
-
Porsche Exchange Service Department Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.61M
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$6.22M
Owner & transaction history
2296 Skokie Valley Highway LLC · 15 yrs held
2296 Skokie Valley Highway LLC
since 2011
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+42.7%
Auto repair, garage
$8.5M
+37.4%
Restaurant
$8.3M
+34.1%
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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%
$8,245,000
6.5%
$7,610,000
7%
$7,065,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,155,000
Current use
COMMERCIAL (GENERAL)
$8,780,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,455,000
Change: +37% · Conversion: Difficult
RESTAURANT
$8,250,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$5,855,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,415,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±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
$129 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$134,088
Tax year 2023
Assessed value
$2,632,490
Assessed 2023
Previous assessed
$1,491,770
+76.5% YoY
Effective rate
5.09%
On assessed value
Assessed land
$209,835
Assessed improvement
$2,422,655
Land market value
$629,568
Improvement market value
$7,268,692
Total market value
$7,898,260
Applied tax rate
17,015.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
BRICK
Heating
NONE
Total area
48,372 SF
Lot
1.01 ac (43,821 SF)
APN
16-21-205-013
UPID
US28-1894794
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.5M
RESTAURANT
Est. value
$8.3M
OFFICE BUILDING
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
BRICK
Heating
NONE
Lot
1.01 ac
Current owner
From public records · entity-resolved
2296 Skokie Valley Highway LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1301 LOCH LN, LAKE FOREST, IL 60045-3347
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Mar 13, 2020
—
2296 Skokie Valley Highway LLC
—
Deed
related
$13,625,061 · Vw Credit
Jan 4, 2011
—
2296 Skokie Valley Highway LLC
Trust 600631-04
Grant Deed
related
—
Dec 31, 2007
—
2296 Skokie Valley Highway LLC
Trust 600631-04
Grant Deed
—
—
—
Vw Credit INC
—
Loan Modification
related
$11,143,890 · Private Individual
—
—
2276 Skokie Valley Road LLC
—
Loan Modification
related
$11,143,890 · Vw Credit
—
—
2296 Skokie Valley Highway LLC
—
Deed Of Trust
related
$13,625,061 · Vw Credit
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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