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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Grocery and convenience stores
2858 83rd St Chicago, IL 60617-2107
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0380412
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1965
Total area
12,500 SF
Lot
1.08 ac (47,045 SF)
APN
21-31-226-011
UPID
US28-0380412
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
-
Save A Lot Grocery & Convenience Store Food Market
-
Amazon Locker - Verb Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.82M
Owner & transaction history
2858 East 83rd LLC · 3 yrs held
2858 East 83rd LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+258.3%
Office building
$1.7M
+101.8%
Auto repair, garage
$1.5M
+79.5%
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
Method
Estimation
Statistic approach
$1,920,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,990,000
Change: +258% · Conversion: Moderate
OFFICE BUILDING
$1,685,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,495,000
Change: +80% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,105,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10% · vs last sale $1.80M (Apr 5 2023)
Last sale anchor
$1.80M
Apr 5 2023
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
$146 / 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
$60,896
Tax year 2022
Assessed value
$296,067
Assessed 2022
Previous assessed
$296,067
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$105,772
Assessed improvement
$190,295
Land market value
$423,088
Improvement market value
$761,180
Total market value
$1,184,268
Applied tax rate
70,037.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
12,500 SF
Lot
1.08 ac (47,045 SF)
APN
21-31-226-011
UPID
US28-0380412
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Heating
NONE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
2858 East 83rd LLC
Entity
Mailing address
PO BOX 80615, INDIANAPOLIS, IN 46280-0615
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
$1,800,000
2858 East 83rd LLC
Sal Asset Holdings LLC
Special Warranty Deed
$3,920,000 · Score Sub Cde 34 LLC
May 21, 2020
—
Sal Asset Holdings LLC
—
Deed
related
$210,000,000 · Citizens Bank NA
Apr 10, 2020
—
Sal Asset Holdings LLC
—
Deed
related
$138,900,000 · Other Institutional Lenders
Jan 2, 2020
—
Sal Asset Holdings LLC
—
Grant Deed
related
$40,000,000 · Cortland Capital Market Services LLC
Nov 4, 2019
—
Sal Asset Holdings LLC
Supervalu INC
Correction Deed
related
—
Oct 3, 2019
—
Sal Asset Holdings LLC
—
Grant Deed
related
$60,000,000 · Ankura Tr Co LLC
Apr 11, 2019
—
Sal Asset Holdings LLC
—
Deed
related
$20,000 · Sal Holdco Corp
Dec 13, 2016
—
Smith Asset Holdings LLC
Supervalu INC
Quit Claim Deed
related
—
Jun 18, 2013
—
Supervalu INC
—
Deed Of Trust
related
$2,000,000,000 · Goldman Sachs Bank USA
Jan 28, 2002
$1,300,000
Supervalu INC
Lasalle Bank NA Trustee
Grant Deed
—
—
—
Sal Asset Holdings LLC
—
Deed Of Trust
related
$20,000 · Sal Holdco Corp
—
—
American Nat'l B & T Chgo Ttee
—
Deed Of Trust
related
$150,000 · Bank Of Homewood
—
—
Sal Asset Holdings LLC
—
Deed Of Trust
related
$138,900,000 · Other Institutional Lenders
—
—
Sal Asset Holdings LLC
—
Deed Of Trust
related
$210,000,000 · Citizens Bk NA
—
—
Supervalu INC
—
Deed Of Trust
related
$1,250,000,000 · Wells Fargo Bank
—
—
Sal Asset Holdings LLC
—
Deed Of Trust
related
$15,000,000 · Other Institutional Lenders
—
—
Sal Asset Holdings LLC
—
Deed Of Trust
related
$180,000,000 · Other Institutional Lenders
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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