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Property profile & analytics
OFF-MARKET
Retail space
31 Prospect Ave, Park Ridge, IL 60068-4101
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US28-5337632
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1910
Lot
0.22 ac (9,600 SF)
APN
09-35-206-008
UPID
US28-5337632
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
-
Fannie May Specialty Food Shop Candy Store
-
Around the World Cigars & Gift (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gfm Dev LLC · 13 yrs held
Gfm Dev LLC
since 2012
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 Park Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park Ridge 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$52,918
Tax year 2022
Assessed value
$203,480
Assessed 2022
Previous assessed
$177,999
+14.3% YoY
Effective rate
26.01%
On assessed value
Assessed land
$57,600
Assessed improvement
$145,880
Land market value
$230,400
Improvement market value
$583,520
Total market value
$813,920
Applied tax rate
22,201.0000
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
1910
Heating
NONE
Lot
0.22 ac (9,600 SF)
APN
09-35-206-008
UPID
US28-5337632
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
1910
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Gfm Dev LLC
Entity
Mailing address
435 W CUTTRISS ST, PARK RIDGE, IL 60068-2706
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2012
$1,730,000
Gfm Dev LLC
Winchester Investment Services
Warranty Deed
—
Feb 15, 2007
—
Winchester Investment Svcs LLC
Perry,timothy S & Jennifer T
Quit Claim Deed
related
$1,260,835 · Northside Community Bank
Feb 28, 2006
$1,750,000
Timothy S Perry
Rubar Real Estate LLC
Warranty Deed
$1,275,000 · Northside Community Bank
Jan 4, 2006
$1,500,000
Rubar Real Estate LLC
Knapp,john J & Julie J
Warranty Deed
$1,120,000 · Amcore Bank
Aug 24, 1999
$895,000
John J Knapp
June C Schroner Trustee
Grant Deed
$530,000 · Park Ridge Community Bank
Oct 29, 1997
—
Schoner Roger Tr
Schoner
Quit Claim Deed
related
—
—
—
Winchester Investment Svcs LLC
—
Deed Of Trust
related
$938,000 · Fifth Third Bank
—
—
Gfm Dev LLC
—
Deed Of Trust
related
$950,000 · Northern Trust Co
—
—
John J Knapp
—
Deed Of Trust
related
$20,000 · Chicago Trust Co Trustee
—
—
Winchester Investment Svcs LLC
—
Deed Of Trust
related
$938,000 · Fifth Third 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.
Try Rey
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