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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Motels
2930 Riv Rd, Des Plaines, IL 60018-4203
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0978392
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2003
Lot
2.15 ac (93,654 SF)
APN
09-34-300-034
UPID
US28-0978392
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
-
Briggsy's Pub Bar & Pub
-
WW Studio @ Hilton Garden Inn Chicago OHare Airport Wellness Program Weight Loss Service
-
Illinois Tollway M-3 Gas Station Gas Station
-
Garden Grille and Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Clear Channel Outdoor LLC · 1 yrs held
Clear Channel Outdoor LLC
since 2025
6 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 Des Plaines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Plaines 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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
—
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
$945,620
Tax year 2022
Assessed value
$3,674,953
Assessed 2022
Previous assessed
$2,503,307
+46.8% YoY
Effective rate
25.73%
On assessed value
Assessed land
$562,392
Assessed improvement
$3,112,561
Land market value
$2,249,568
Improvement market value
$12,450,244
Total market value
$14,699,812
Applied tax rate
22,017.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2003
Heating
NONE
Lot
2.15 ac (93,654 SF)
APN
09-34-300-034
UPID
US28-0978392
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
2003
Heating
NONE
Lot
2.15 ac
Current owner
From public records · entity-resolved
Clear Channel Outdoor LLC
Entity
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
Ownership since
2025
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 14, 2025
—
Clear Channel Outdoor LLC
Apple Ten Illinois LLC
Deed
—
Oct 6, 2011
$5,598,500
Apple Ten Ohare LLC
Chicago River Road Lodging Ass
Grant Deed
—
Mar 8, 2004
—
River Rd Lodging Assn Chicago
—
Trustees Deed
related
$22,300,000 · Mb Financial Bank NA
Oct 15, 2001
—
Pullman Bank & Trust Co Ttee
Forest Vue Lanes INC
Quit Claim Deed
related
—
Oct 15, 2001
$2,875,000
Chicago River Rd Lodging Assoc
Cosmopolitan Bank & Trust Ttee
Trustees Deed
$2,800,000 · First Business Bank
—
—
Chicago Riv Road Lodging Assoc
—
Deed Of Trust
related
$22,500,000 · Morgan Stanley Mtg Capital INC
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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