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Property profile & analytics
OFF-MARKET
Estimated value
$9,010,000
Grocery and convenience stores
3531 Broadway St Chicago, IL 60657-1825
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-2068931
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1935
Total area
50,800 SF
Lot
1.59 ac (69,260 SF)
APN
14-21-301-003
UPID
US28-2068931
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
-
Huntington Bank ATM (Walk Up) Atm
-
TCF Bank Bank Loan Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Jewel-Osco Grocery & Convenience Store Food Market
-
Jewel-Osco Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.81M
Comparable Approach
Comparable
$5.84M
Blend (final)
Blend
$9.01M
Owner & transaction history
Safeway Realty LLC · 3 yrs held
Safeway Realty LLC
since 2022
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,715,000
6.5%
$10,810,000
7%
$10,040,000
Blend value · Realmo final
$9.01M
Range $8.11M – $9.91M · ±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
$177 / 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
$517,632
Tax year 2022
Assessed value
$2,378,064
Assessed 2022
Previous assessed
$2,378,064
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$1,038,750
Assessed improvement
$1,339,314
Land market value
$4,155,000
Improvement market value
$5,357,256
Total market value
$9,512,256
Applied tax rate
73,116.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1935
Heating
NONE
Stories
2
Total area
50,800 SF
Lot
1.59 ac (69,260 SF)
APN
14-21-301-003
UPID
US28-2068931
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
1935
Heating
NONE
Stories
2
Lot
1.59 ac
Current owner
From public records · entity-resolved
Safeway Realty LLC
Entity
Free & Clear · 3 yrs held
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
—
Safeway Realty LLC
Aci Real Estate Spe 169 LLC
Special Warranty Deed
—
Jun 15, 2020
—
Aci Real Estate Spe 169 LLC
Asp Realty LLC
Grant Deed
related
—
Dec 13, 2016
—
Asp Realty LLC
—
Deed
related
—
Jan 12, 2015
—
Asp Realty INC
—
Grant Deed
related
—
Mar 21, 2013
—
Asp Realty INC
—
Deed Of Trust
related
$1,000,000,000 · Self-insurers' Security Fund
Jun 21, 2006
—
Asp Realty INC
American Stores Properties LLC
Warranty Deed
related
—
Dec 2, 1997
$2,200,000
American Stores Properties INC
Barnicle Trust
Grant Deed
—
—
—
Asp Realty INC
—
Deed Of Trust
related
—
—
—
Asp Realty LLC
—
Deed Of Trust
related
—
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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