3934 W 26Th St Chicago, IL 60623
Retail space
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Trust Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
For Sale
1 / 14
$1,300,000
3934 W 26Th St, Chicago, IL 60623
View Listing →
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID
US28-2761105
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1918
Total area
7,400 SF
Lot
0.19 ac (8,320 SF)
APN
16-26-118-034
UPID
US28-2761105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Importer
-
Vocational School
-
Real Estate Agency
-
Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$310k
Owner & transaction history
since 2007
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$1.8M
+130.6%
Commercial (general)
$1.4M
+77.2%
Office building
$995,000
+29.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 18 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$310k
Value range
$279k – $341k
±10% around blend
Estimated value / SF
$42 / SF
Confidence
High
18 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$279k
blend $310k
$341k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,400 SF
Lot area
0.19 ac
Year built
1918
Stories
2
APN
16-26-118-034
Assessed value
$265,661
Annual tax
$57,151
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.58M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.71M
@ 6.5% CAP return
$1.58M
@ 7% CAP return
$1.47M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$57,151
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$582k
Weighted, 18 comps · high confidence
Evidence
18 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.8 mi away · 7,900 SF
2.1 mi away · 5,800 SF
3.0 mi away · 7,500 SF
3.5 mi away · 8,800 SF
4.1 mi away · 8,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$310k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 40 sales
$104
-60%
Submarket 2181 sales
$146
-71%
County 2350 sales
$149
-72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $42/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+131%
vs current-use indication
Commercial (general)
Office Building
Auto Repair, Garage
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 18 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
12.77%
Selected cap rate for this retail space
Derived from the Chicago market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$166k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.30M
Move the market yield to see immediate price impact.
Value / SF
$176
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
12.27%12.77%13.27%
$149k
$1.22M
$1.17M
$1.13M
$166k
$1.35M
$1.30M
$1.25M
$183k
$1.49M
$1.43M
$1.38M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
18 found
High confidence · county-verified
Closest comparable
$508k
1.0 mi · Sep 2025 · $89/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$57,151
Tax year 2022
Assessed value
$265,661
Assessed 2022
Previous assessed
$265,661
+0.0% YoY
Effective rate
21.51%
On assessed value
Assessed land
$37,960
Assessed improvement
$227,701
Land market value
$151,840
Improvement market value
$910,804
Total market value
$1,062,644
Applied tax rate
77,060.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Status
For Sale
Year built
1918
Heating
NONE
Stories
2
Total area
7,400 SF
Lot
0.19 ac (8,320 SF)
APN
16-26-118-034
UPID
US28-2761105
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1918
Heating
NONE
Stories
2
Lot
0.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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