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Property profile & analytics
OFF-MARKET
Estimated value
$6,125,000
Grocery and convenience stores
3000 Halsted St 48 Chicago, IL 60608-5805
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US28-5747472
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1963
Total area
32,800 SF
Lot
1.63 ac (71,003 SF)
APN
17-29-427-039
UPID
US28-5747472
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
-
Sub-Zero Repair Home Appliance Store
-
Anupam Goel MD Hospital
-
Rajesh T. Iyengar Pediatrician Physician
-
Kerr Terrilyn Physician Medical Clinic
-
Dr. John A Kotis Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.98M
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$6.13M
Owner & transaction history
Circuit Associates LLC · 20 yrs held
Circuit Associates LLC
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.8M
+19.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,565,000
6.5%
$6,980,000
7%
$6,485,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,840,000
Change: +19% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,625,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.13M
Range $5.51M – $6.74M · ±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
$187 / 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
$270,510
Tax year 2022
Assessed value
$1,315,186
Assessed 2022
Previous assessed
$1,315,186
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$355,645
Assessed improvement
$959,541
Land market value
$1,422,580
Improvement market value
$3,838,164
Total market value
$5,260,744
Applied tax rate
76,062.0000
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
1963
Heating
NONE
Stories
1
Total area
32,800 SF
Lot
1.63 ac (71,003 SF)
APN
17-29-427-039
UPID
US28-5747472
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
RETAIL STORES Current
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Heating
NONE
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Circuit Associates LLC
Entity
Mailing address
1540 E DUNDEE RD STE #240, PALATINE, IL 60074-8320
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2006
$6,000,000
Circuit Associates LLC
Parkview Plaza Partners LLC
Grant Deed
$6,200,000 · Inland Bank & Trust
Sep 23, 2004
—
Parkview Plaza Partners LLC
—
Trustees Deed
related
$500,000 · First Nation Bank
Aug 28, 2002
$515,000
Parkview Plaza Partners
Dominicks Finer Foods INC
Grant Deed
—
—
—
Circuit Associates LLC
—
Deed Of Trust
related
$6,500,000 · Wintrust Bk
—
—
Parkview Plaza Partners LLC
—
Deed Of Trust
related
$4,320,000 · Cib 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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