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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Retail space
2775 Algonquin Rd Rolling Meadows, IL 60008-3829
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1418253
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1969
Total area
21,038 SF
Lot
1.35 ac (58,806 SF)
APN
08-08-301-034
UPID
US28-1418253
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
-
Bel Tronics Corporation Q Circuits Industrial Manufacturer Production Facility
-
Danieli Inc. - Freight Carrier & Transportation Consulting Freight Service Logistics Company
-
Clean and Science Co., Ltd. Big Box & Wholesale Store
-
SafeScreener (Background Screening Consultants LLC) Corporate Office
-
Applicant Facts ATS Made Simple (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.63M
Owner & transaction history
Algonquin Business Center LLC · 6 yrs held
Algonquin Business Center LLC
since 2020
Last sale
$1.4M
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 Rolling Meadows submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rolling Meadows 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
$1,650,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,550,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.40M (May 27 2020)
Last sale anchor
$1.40M
May 27 2020
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
$77 / 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
$122,139
Tax year 2022
Assessed value
$418,005
Assessed 2022
Previous assessed
$349,998
+19.4% YoY
Effective rate
29.22%
On assessed value
Assessed land
$219,922
Assessed improvement
$198,083
Land market value
$879,688
Improvement market value
$792,332
Total market value
$1,672,020
Applied tax rate
16,053.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1969
Heating
NONE
Stories
2
Total area
21,038 SF
Lot
1.35 ac (58,806 SF)
APN
08-08-301-034
UPID
US28-1418253
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.6M
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Stories
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
Algonquin Business Center LLC
Entity
Mailing address
664 W CTR RD, PALATINE, IL 60074-1022
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 24, 2025
—
Algonquin Business Center LLC
—
Deed
related
$950,000 · Libertyville Bank & Trust Co
May 27, 2020
$1,400,000
Algonquin Business Center LLC
2775 Partners LLC
Warranty Deed
$1,120,000 · Cibm Bk
Jun 14, 2019
—
2775 Partners LLC
—
Deed
related
$150,000 · Libertyville Bk
Apr 12, 2019
$625,000
2775 Partners LLC
Mei Realty Ltd
Warranty Deed
—
Oct 24, 2000
$2,650,000
Mei Realty Ltd
Wintrust Asset Management Ttee
Grant Deed
$700,000 · Old Kent Bank
Nov 6, 1997
—
Lake Forest Bank & Trust Ttee
—
Deed Of Trust
related
$5,000,000 · North Shore Trust & Savings
—
—
Lake Forest Bk & Trt Co Ttee
—
Deed Of Trust
related
$800,000 · North Shore Community Bk & Trt
—
—
2775 Partners LLC
—
Deed Of Trust
related
$150,000 · Libertyville Bk
—
—
Lake Forest Bank & Trust Ttee
—
Deed Of Trust
related
$300,000 · North Shore Trust & Savings
—
—
Lake Forest Bk&trt Co Trustee
—
Deed Of Trust
related
$1,470,000 · North Shore Community Bk & Trt
—
—
Mei Realty Ltd
—
Deed Of Trust
related
$1,143,867 · Royal American Bank
—
—
Michael Chaney
—
Deed Of Trust
related
$151,150 · Abn Amro Mortgage Group INC
—
—
Mei Realty Ltd
—
Deed Of Trust
related
$200,000 · Royal American 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.
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