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Property profile & analytics
FOR LEASE
Retail space
3215 Algonquin Rd Rolling Meadows, IL 60008
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US28-5784425
For Lease
1 / 18
$5.94 SF/Yr
3215 Algonquin Rd, Rolling Meadows, IL 60008
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1969
Total area
24,179 SF
Lot
1.44 ac (62,726 SF)
APN
08-08-122-012
UPID
US28-5784425
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
-
Curtis Wideman Real Estate Agency
-
Brian T. Wolf Real Estate Agency
-
Kali Triunfol, RE/MAX At Home Real Estate Agency
-
RE/MAX At Home: Angela Ruth Real Estate Agency
-
RE/MAX : Vik Sagar Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.41M
Owner & transaction history
Malec Basel Tarabein Corp · 19 yrs held
Malec Basel Tarabein Corp
since 2006
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 Rolling Meadows submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rolling Meadows 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,605,000
Current use
OFFICE BUILDING
$3,230,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,930,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±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
$100 / 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
$91,924
Tax year 2022
Assessed value
$314,600
Assessed 2022
Previous assessed
$309,168
+1.8% YoY
Effective rate
29.22%
On assessed value
Assessed land
$235,350
Assessed improvement
$79,250
Land market value
$941,400
Improvement market value
$317,000
Total market value
$1,258,400
Applied tax rate
16,053.0000
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
For Lease
Year built
1969
Heating
NONE
Stories
2
Total area
24,179 SF
Lot
1.44 ac (62,726 SF)
APN
08-08-122-012
UPID
US28-5784425
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
$3.6M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Stories
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Malec Basel Tarabein Corp
Entity
Mailing address
3215 ALGONQUIN RD, ROLLING MDWS, IL 60008-3830
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
Malec Basel Tarabein Corporation
—
Deed
related
$150,000 · The American Commercial Bank & Trust
Jun 10, 2019
—
Malec Basel Tarabein Corporation
—
Deed
related
$1,750,000 · The First National Bank Of Hebbronville
Feb 6, 2019
—
Malec Basel Tarabein
—
Deed
related
$50,000 · First Bank & Trust
Dec 15, 2017
—
Malec Basel Tarabein Corporation
—
Deed
related
$1,739,130 · First Bank & Trust
Aug 3, 2006
$1,650,000
Malec Basel Tarabein Corp
Fitzgerald,arthur & Jean M
Warranty Deed
$1,615,000 · American Chartered Bk
—
—
Malec Basel Tarabein Corp
—
Deed Of Trust
related
$1,750,000 · First Nat'l Bk/ottawa
—
—
Malec Basel Tarabein Corp
—
Deed Of Trust
related
$100,000 · First Nat'l Bk/ottawa
—
—
Malec Basel Tarabein Corp
—
Deed Of Trust
related
$50,000 · First Bk
—
—
Malec Basel Tarabein Corp
—
Deed Of Trust
related
$361,250 · American Chartered Bank
—
—
Malec Basel Tarabein Corp
—
Loan Modification
related
$1,785,000 · American Chartered Bk
—
—
Malec Basel Tarabein Corp
—
Deed Of Trust
related
$1,739,130 · First Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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