New search
Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
3228 Vollmer Rd, Olympia Fields, IL 60461-1122
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-5535664
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Lot
2.58 ac (112,385 SF)
APN
31-14-201-030
UPID
US28-5535664
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
-
It's Possible Mobile Tutoring Tutoring Service
-
Its Possible Learning HUB Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Trend Butterfield Plaza LLC · 6 yrs held
Trend Butterfield Plaza LLC
since 2020
Last sale
$920,000
6 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 Olympia Fields submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olympia Fields 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
$690,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $920k (Jan 17 2020)
Last sale anchor
$920k
Jan 17 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
$229,676
Tax year 2022
Assessed value
$404,410
Assessed 2022
Previous assessed
$349,772
+15.6% YoY
Effective rate
56.79%
On assessed value
Assessed land
$168,792
Assessed improvement
$235,618
Land market value
$675,168
Improvement market value
$942,472
Total market value
$1,617,640
Applied tax rate
32,204.0000
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
1994
Heating
NONE
Stories
1
Lot
2.58 ac (112,385 SF)
APN
31-14-201-030
UPID
US28-5535664
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
1994
Heating
NONE
Stories
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
Trend Butterfield Plaza LLC
Entity
Mailing address
30 W MONROE ST STE #510, CHICAGO, IL 60603-2403
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
—
Trend Butterfield Plaza LLC
—
Deed
related
$1,150,000 · Iff
Jan 17, 2020
$920,000
Trend Butterfield Plaza LLC
Wb Pad Holdings IV LLC
Grant Deed
$1,000,000 · Bucksbaum Properties LLC
Jan 5, 2016
—
Wb Pad Holdings IV LLC
Tinbro Property Management LLC
Deed In Lieu Of Foreclosure
related
—
Jul 3, 2008
$4,350,000
Tinbro Property Management LLC
Palmer Glenn Of Olympia Fields Ll
Grant Deed
$3,150,000 · Wheatland Bank
Jun 24, 2004
—
Glenn Olympia Fields Palmer
—
Deed Of Trust
related
$16,846,000 · New Century Bank
—
—
Palmer Glenn Of Olympia Fields Ll
—
Deed Of Trust
related
$3,200,000 · Wheatland 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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