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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Grocery and convenience stores
37740 Sheridan Rd Beach Park, IL 60087-2463
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5792620
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1965
Construction
BRICK
Total area
2,196 SF
Lot
0.35 ac (15,363 SF)
APN
08-03-102-007
UPID
US28-5792620
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
-
Mobil Gas Station
-
Food Center Grocery & Convenience Store Food Market
-
ATM Atm
-
Marathon Gas Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$755k
Owner & transaction history
Real Prime INC · 1 yrs held
Real Prime INC
since 2024
Last sale
$755,000
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 Beach Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beach Park 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
$755,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$580,000
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $755k (Oct 25 2024)
Last sale anchor
$755k
Oct 25 2024
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
$344 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,569
Tax year 2023
Assessed value
$116,574
Assessed 2023
Previous assessed
$111,023
+5.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$17,778
Assessed improvement
$98,796
Land market value
$53,339
Improvement market value
$296,418
Total market value
$349,757
Applied tax rate
9,048.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
NONE
Total area
2,196 SF
Lot
0.35 ac (15,363 SF)
APN
08-03-102-007
UPID
US28-5792620
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
1965
Construction
BRICK
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
Real Prime INC
Entity
Mailing address
37740 N SHERIDAN RD, BEACH PARK, IL 60087-2463
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 25, 2024
$755,000
Real Prime INC
Universal Hospitality And Trading C
Warranty Deed
$641,000 · Old National Bank
Feb 13, 2023
$525,000
Universal Hospitality & Trading Co
Bankfinancial NA
Deed
—
Nov 13, 2012
—
Super Krish INC
Trust 010797
Grant Deed
related
—
Jan 3, 2005
—
Trust 010797
Mustafa,abdel
Warranty Deed
—
Oct 1, 2004
$350,000
Abdul Mustafa
Platinum Properties LLC
Warranty Deed
$313,000 · Bapa LLC
Mar 5, 2002
—
Petroleum Properties LLC
—
Deed Of Trust
related
$4,800,000 · Bank One Wisconsin
Mar 6, 1999
$145,001
Platinum Property LLC
Lorge,douglas & Beverly
Quit Claim Deed
related
—
—
—
Platinum Property LLC
—
Deed Of Trust
related
$250,000 · Southport Bank
—
—
Platinum Properties LLC
—
Deed Of Trust
related
$100,000 · Southport Bank
—
—
Trust 010797
—
Deed Of Trust
related
$178,062 · Bapa LLC
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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