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Property profile & analytics
OFF-MARKET
Estimated value
$30,630,000
Office buildings
350 Orleans St, Chicago, IL 60654-1975
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-1806944
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1976
Total area
2,087,700 SF
Lot
3.79 ac (165,092 SF)
APN
17-09-400-016
UPID
US28-1806944
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
-
Cloud Realty Intl Real Estate Agency
-
Pierre Cardin Mens Clothing Clothing & Fashion Store
-
Strategic Systems International (Bike/Boat/Book/etc) Store Corporate Office
-
Digital Fleet, LLC. (Bike/Boat/Book/etc) Store Corporate Office
-
Nitel Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.63M
Owner & transaction history
Bre River North Point Owner Ll · 10 yrs held
Bre River North Point Owner Ll
since 2015
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / 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
$11,971,735
Tax year 2022
Assessed value
$58,204,984
Assessed 2022
Previous assessed
$58,994,296
-1.3% YoY
Effective rate
20.57%
On assessed value
Assessed land
$1,111,483
Assessed improvement
$57,093,501
Land market value
$4,445,932
Improvement market value
$228,374,004
Total market value
$232,819,936
Applied tax rate
74,004.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
23
Total area
2,087,700 SF
Lot
3.79 ac (165,092 SF)
APN
17-09-400-016
UPID
US28-1806944
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
1976
Heating
NONE
Stories
23
Lot
3.79 ac
Current owner
From public records · entity-resolved
Bre River North Point Owner Ll
Individual
Mailing address
PO BOX, CHICAGO, IL 60690
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2015
$378,000,000
Bre River North Point Owner Ll
Sri Ten West Mart LLC
Trustees Deed
$245,000,000 · Wells Fargo Bk
Aug 15, 2014
—
Sri Ten West Mart LLC
—
Grant Deed
related
$195,000,000 · Metropolitan Life Insurance
Jul 9, 1999
—
350 North Orleans LLC
—
Deed Of Trust
related
$70,000,000 · Lasalle Bank NA Trustee
Apr 9, 1998
$51,864,000
350 N Orleans Street LLC
Lasalle Nat'l Bank Chgo Ttee
Grant Deed
—
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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