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Property profile & analytics
OFF-MARKET
Commercial real estate
3322 Vollmer Rd, Olympia Fields, IL 60461-1179
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-2653636
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Lot
1.36 ac (59,242 SF)
APN
31-14-201-034
UPID
US28-2653636
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
-
Pierce Heating & Cooling HVAC Service General Contractor
-
Aundrea Gooden Pediatrician Physician
-
Erin Hollandsworth Physician
-
Home Dialysis Services Olympia Fields Medical Clinic
-
DIALYSIS CARE CENTER OLYMPIA FIELDS Medical Clinic
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
Meridian Investment Partners L · 10 yrs held
Meridian Investment Partners L
since 2015
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 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
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
$38,474
Tax year 2022
Assessed value
$67,744
Assessed 2022
Previous assessed
$67,744
+0.0% YoY
Effective rate
56.79%
On assessed value
Assessed land
$35,643
Assessed improvement
$32,101
Land market value
$142,572
Improvement market value
$128,404
Total market value
$270,976
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Lot
1.36 ac (59,242 SF)
APN
31-14-201-034
UPID
US28-2653636
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
2004
Heating
NONE
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Meridian Investment Partners L
Entity
Mailing address
812 CAMPUS DR, JOLIET, IL 60435-5128
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Meridian Investment Parthers LLC
—
Deed
related
$2,857,500 · Centier Bank
Jul 14, 2020
—
Meridian Invs Ptrs LLC
—
Deed
related
$800,000 · Heartland Bk
Jul 7, 2020
—
Meridian Invs Ptrs LLC
—
Deed
related
$738,728 · Heartland Bk
Jun 16, 2020
—
Meridian Invs Ptrs LLC
—
Deed
related
$1,055,000 · Heartland Bk
Jun 7, 2016
—
Meridian Investment Partners L
—
Deed
related
$935,000 · Heartland Bk
Sep 30, 2015
$350,000
Meridian Investment Partners L
Bamo H-a Reo-il Retail LLC
Grant Deed
$370,000 · Heartland Bk
Feb 6, 2013
—
Bamo II-a Reo-il Retail LLC
3322 Vollmer LLC
Grant Deed
related
—
Nov 7, 2006
$2,145,000
3322 Vollmer LLC
Lincoln Square Group LLC
Warranty Deed
$1,392,000 · Harris NA
—
—
Meridian Invs Ptrs LLC
—
Loan Modification
related
$738,728 · Heartland Bk
—
—
Meridian Invs Ptrs LLC
—
Deed Of Trust
related
$800,000 · Heartland Bk
—
—
Meridian Invs Ptrs LLC
—
Deed Of Trust
related
$1,055,000 · Heartland Bk
—
—
Meridian Investment Partners L
—
Deed Of Trust
related
$935,000 · Heartland 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.
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