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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Retail space
2890 Dundee Rd Northbrook, IL 60062-2502
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1424116
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1951
Total area
1,344 SF
Lot
0.46 ac (20,000 SF)
APN
04-05-407-011
UPID
US28-1424116
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Wdj Mbj LLC · 3 yrs held
Wdj Mbj LLC
since 2023
Last sale
$1.1M
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 Northbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northbrook 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
$1,175,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.10M (Feb 10 2023)
Last sale anchor
$1.10M
Feb 10 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
$852 / 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
$27,544
Tax year 2022
Assessed value
$122,255
Assessed 2022
Previous assessed
$109,000
+12.2% YoY
Effective rate
22.53%
On assessed value
Assessed land
$75,000
Assessed improvement
$47,255
Land market value
$300,000
Improvement market value
$189,020
Total market value
$489,020
Applied tax rate
25,076.0000
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
1951
Heating
NONE
Stories
1
Total area
1,344 SF
Lot
0.46 ac (20,000 SF)
APN
04-05-407-011
UPID
US28-1424116
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
1951
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Wdj Mbj LLC
Entity
Mailing address
211 S ROSE ST, KALAMAZOO, MI 49007-4713
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$1,100,000
Wdj Mbj LLC
Chicago Title Land Trust Company
Deed
—
Nov 16, 2018
$480,000
Trust Number 134410
Davis,joel
Warranty Deed
—
Nov 16, 2018
—
Lasalle Bk NA Trust Number 134410
—
Deed
related
$384,000 · State Bk
Aug 28, 2007
—
Joel Davis
Davis,cynthia A
Quit Claim Deed
related
—
Aug 5, 1998
$475,000
Joel Davis
Noojhail,eshwar
Grant Deed
$380,000 · First National Bank Chicago
—
—
Lasalle Bk NA Trust Number 134410
—
Deed Of Trust
related
$384,000 · State Bk
—
—
Joel Davis
—
Deed Of Trust
related
$360,000 · Crystal Lake Bank & Trust Co
—
—
Joel Davis
—
Deed Of Trust
related
$160,000 · Bank One NA
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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