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Property profile & analytics
OFF-MARKET
Retail space
401 Prospect Ave Mount Prospect, IL 60056-3366
Entity Owned
20-yr Hold
Free & Clear
Property ID
US28-5044458
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1960
Lot
0.66 ac (28,591 SF)
APN
08-12-227-017
UPID
US28-5044458
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
-
55 Gallon Drums Mount Prospect Big Box & Wholesale Store Factory
-
Dumpster rentals Mount Prospect IL Waste Management Facility
-
Simpex Medical Industrial Manufacturer Production Facility
-
Smiles By Smoron: Dr. Scott Smoron Dental Office
-
Frank Randazzo American Family Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sd & S/401 Building LLC · 20 yrs held
Sd & S/401 Building LLC
since 2006
3 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 Mount Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Prospect 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
—
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
$51,422
Tax year 2022
Assessed value
$191,988
Assessed 2022
Previous assessed
$179,945
+6.7% YoY
Effective rate
26.78%
On assessed value
Assessed land
$107,216
Assessed improvement
$84,772
Land market value
$428,864
Improvement market value
$339,088
Total market value
$767,952
Applied tax rate
16,140.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
9
Bathrooms
2
Lot
0.66 ac (28,591 SF)
APN
08-12-227-017
UPID
US28-5044458
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
9
Bathrooms
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Sd & S/401 Building LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 221, MT PROSPECT, IL 60056-0221
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2006
—
Sd & S/401 Building LLC
Mokhtarian Shahram Trust
Grant Deed
related
—
Apr 18, 2000
$450,000
Mokhtarian Trust
Wintrust Asset Management Ttee
Grant Deed
$245,000 · Harris Bank Barrington NA
Oct 5, 1999
—
Wintrust Asset Mgt Co NA Ttee
Banco Popular Illinois Ttee
Grant Deed
related
$125,000 · Mid America Bank Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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