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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Retail space
2650 Grn Bay Rd 58, Evanston, IL 60201-1422
Entity Owned
~
Est. High Equity
Property ID
US28-0937987
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Lot
0.14 ac (6,050 SF)
APN
05-34-423-028
UPID
US28-0937987
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
-
Restore Hyper Wellness Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Kardo 3 Re LLC
Kardo 3 Re LLC
since 2026
Last sale
$1.7M
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 Evanston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evanston 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
$1,340,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.65M (Jan 16 2026)
Last sale anchor
$1.65M
Jan 16 2026
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
$34,123
Tax year 2022
Assessed value
$140,940
Assessed 2022
Previous assessed
$123,000
+14.6% YoY
Effective rate
24.21%
On assessed value
Assessed land
$30,250
Assessed improvement
$110,690
Land market value
$121,000
Improvement market value
$442,760
Total market value
$563,760
Applied tax rate
17,056.0000
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
1982
Heating
NONE
Stories
1
Lot
0.14 ac (6,050 SF)
APN
05-34-423-028
UPID
US28-0937987
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
1982
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Kardo 3 Re LLC
Entity
Mailing address
PO BOX 9141, CANTON, MA 02021-9141
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
$1,650,000
Kardo 3 Re LLC
2650 Greenbay LLC
Warranty Deed
$1,320,000 · Parkway Bank & Trust Co
Jan 26, 2021
$1,350,000
2650 Greenbay LLC
Chicago Title Land Trust Co
Grant Deed
$1,012,500 · Algonquin St Bk
Jun 18, 2018
—
Trust Number Rv011800
—
Deed
related
$950,000 · Amalgamated Bk /chicago
Feb 24, 2004
—
Lasalle Bank NA Trustee
Zusel,howard A
Grant Deed
related
—
Jan 10, 2003
$1,250,000
Howard A Zusel
Lapidus,dennis
Grant Deed
$935,000 · Libertyville Bank & Trust Co
Nov 30, 1999
$833,000
Dennis Lapidus
Amalgamated Bank Chicago Ttee
Grant Deed
$624,750 · New Century Bank
—
—
Trust Rv011800
—
Deed Of Trust
related
$1,525,000 · Amalgamated Bank Chicago
—
—
Chicago Title Land Trust Co
—
Deed Of Trust
related
$750,000 · Amalgamated Bank Chicago
—
—
Howard Zusel
—
Deed Of Trust
related
—
—
—
Trust Number Rv011800
—
Loan Modification
related
$950,000 · Amalgamated Bk /chicago
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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