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Property profile & analytics
OFF-MARKET
Estimated value
$77,640,000
Grocery and convenience stores
3201 Ashland Ave Chicago, IL 60657-2156
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-0036893
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Lot
0.16 ac (7,051 SF)
APN
14-20-328-043
UPID
US28-0036893
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
-
WFM Coffee Bar Cafe & Coffee Shop
-
Whole Foods Market Grocery & Convenience Store Food Market
-
Amazon Hub Locker - Lakeview Postal Service Courier Service
-
O'Reilly Auto Parts Auto Parts Store
-
EVgo Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$77.64M
Owner & transaction history
Bel Lakeview LLC · 6 yrs held
Bel Lakeview LLC
since 2020
Last sale
$70.9M
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 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
$91,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$77.64M
Range $69.88M – $85.40M · ±10% · vs last sale $70.90M (Jul 6 2020)
Last sale anchor
$70.90M
Jul 6 2020
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
$79,752
Tax year 2022
Assessed value
$377,183
Assessed 2022
Previous assessed
$377,183
+0.0% YoY
Effective rate
21.14%
On assessed value
Assessed land
$105,765
Assessed improvement
$271,418
Land market value
$423,060
Improvement market value
$1,085,672
Total market value
$1,508,732
Applied tax rate
73,095.0000
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
Heating
NONE
Lot
0.16 ac (7,051 SF)
APN
14-20-328-043
UPID
US28-0036893
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
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bel Lakeview LLC
Entity
Mailing address
550 BOWIE ST, AUSTIN, TX 78703-4644
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2020
$70,900,000
Bel Lakeview LLC
Ashland Belmont LLC
Grant Deed
$42,500,000 · Miscellaneous Ins Co
Apr 13, 2017
—
Ashland Belmont LLC
—
Grant Deed
related
$43,600,000 · Miscellaneous Ins Co
Dec 21, 2015
—
Evangelical Lutheran Church Of Sa
Ashland Belmont LLC
Quit Claim Deed
related
—
Aug 27, 2014
$13,000,000
Ashland Belmont LLC
Target Corp
Grant Deed
$9,000,000 · First Midwest Bk
Feb 11, 2013
$11,500,000
Target Corp
Redus Illinois LLC
Grant Deed
—
Nov 21, 2011
—
Redus Il LLC
Lakeview Collection LLC
Warranty Deed
related
—
Dec 30, 2005
$1,375,000
Lakeview Collection LLC
3225 North Ashland LLC
Grant Deed
$17,000,000 · Lasalle Bank Corp
—
—
Ashland Belmont LLC
—
Deed Of Trust
related
$40,000,000 · First Midwest Bk
—
—
Lakeview Collection LLC
—
Deed Of Trust
related
$2,500,000 · Wachovia Bank 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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