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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Residential income homes
400 Cambridge Dr, Palatine, IL 60067-2358
Entity Owned
13-yr Hold
Property ID
US28-0502824
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1988
Construction
FRAME
Total area
4,533 SF
Lot
0.11 ac (4,695 SF)
APN
02-16-215-010
UPID
US28-0502824
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$625k
Owner & transaction history
400-406 Cambridge LLC · 13 yrs held
400-406 Cambridge LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$995,000
+26.5%
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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$785,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$995,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$138 / 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
$16,039
Tax year 2022
Assessed value
$56,000
Assessed 2022
Previous assessed
$56,000
+0.0% YoY
Effective rate
28.64%
On assessed value
Assessed land
$2,817
Assessed improvement
$53,183
Land market value
$28,170
Improvement market value
$531,830
Total market value
$560,000
Applied tax rate
29,007.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
4
Bathrooms
5
Total area
4,533 SF
Lot
0.11 ac (4,695 SF)
APN
02-16-215-010
UPID
US28-0502824
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$995,000
RETAIL STORES
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
400-406 Cambridge LLC
Entity
Mailing address
327 N ERIC DR, PALATINE, IL 60067-2510
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2013
—
400-406 Cambridge LLC
Dipasquale John Trust
Grant Deed
related
—
Jun 1, 2012
—
Dipasquale John Trust
Dipasquale,john S
Quit Claim Deed
related
—
Nov 20, 2001
$408,000
John S Dipasquale
Mueller,paula J
Grant Deed
$327,000 · Harris Trust & Savings Bank
—
—
Paula J Mueller
—
Deed Of Trust
related
$296,100 · World Savings Bank
—
—
Paula J Mueller
—
Deed Of Trust
related
$285,000 · World Savings Bank
—
—
Paula J Mueller
—
Deed Of Trust
related
$274,000 · World Savings Bank
—
—
John S Dipasquale
—
Deed Of Trust
related
$320,000 · Homecomings Financial Network
—
—
John S Dipasquale
—
Deed Of Trust
related
$318,000 · Bank Of America
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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