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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail space
322 Burlington Ave, La Grange, IL 60525-2363
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2660525
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Lot
0.17 ac (7,358 SF)
APN
18-04-122-001
UPID
US28-2660525
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Happy Properties LLC · 1 yrs held
Happy Properties LLC
since 2025
Last sale
$725,000
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 La Grange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Grange 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
$540,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $725k (Nov 16 2020)
Last sale anchor
$725k
Nov 16 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
$44,416
Tax year 2022
Assessed value
$147,723
Assessed 2022
Previous assessed
$174,480
-15.3% YoY
Effective rate
30.07%
On assessed value
Assessed land
$22,074
Assessed improvement
$125,649
Land market value
$88,296
Improvement market value
$502,596
Total market value
$590,892
Applied tax rate
21,235.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Lot
0.17 ac (7,358 SF)
APN
18-04-122-001
UPID
US28-2660525
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
1920
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Happy Properties LLC
Entity
Mailing address
10040 E HAPPY VLY RD UNIT #307, SCOTTSDALE, AZ 85255-2376
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
—
Happy Properties LLC
—
Deed
related
$953,100 · Fnbc Bank & Trust
Jan 6, 2025
$1,090,000
Happy Properties LLC
Dental Properties INC
Special Warranty Deed
$979,694 · Dental Properties LLC
Nov 16, 2020
$725,000
Dental Properties INC
Fifth Third Bank National Associati
Special Warranty Deed
$1,600,000 · Zb NA
Oct 17, 2013
—
Mb Finl Bk NA
Trust 3038
Grant Deed
related
—
Feb 14, 2008
—
Trust 3038
Trust 3038
Quit Claim Deed
related
—
Aug 2, 2005
—
Richard T Gammonley Ents Ltd
—
Grant Deed
related
$2,509,070 · Midwest Bank & Trust Co
Oct 8, 1997
$290,000
Richard T Gammonley
Western Springs Nat B&t Tte
Grant Deed
$1,096,440 · Midwest Bank
Oct 8, 1997
$775,000
Richard T Gammonley
Westernsprings,n
Trustees Deed
$1,096,440 · Midwest Bank
—
—
Richard T Gammonley Enterprise
—
Deed Of Trust
related
$624,000 · United Community Bank Of Lisle
—
—
Richard T Gammonley
—
Deed Of Trust
related
$175,000 · Timke Trust
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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