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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Retail space
456 Frontage Rd, Northfield, IL 60093-3034
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-1036022
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
3,614 SF
Lot
0.27 ac (11,650 SF)
APN
05-19-112-016
UPID
US28-1036022
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
-
J C Sports N Tees Inc Big Box & Wholesale Store
-
Price Rosalie PHD Medical Clinic Physician
-
Air flows Chicago - NorthShore HVAC Service General Contractor
-
Dr. Joseph Byrne Physician Medical Clinic
-
International Graphic Machinery Inc Printing Equipment And Supplies
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$805k
Owner & transaction history
456 W Frontage LLC · 1 yrs held
456 W Frontage LLC
since 2024
Last sale
$804,500
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$790,000
+47.1%
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 Northfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northfield 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
$805,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
RETAIL STORES
$540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$485,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $805k (May 28 2024)
Last sale anchor
$805k
May 28 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
$223 / 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
$24,220
Tax year 2022
Assessed value
$113,900
Assessed 2022
Previous assessed
$113,900
+0.0% YoY
Effective rate
21.26%
On assessed value
Assessed land
$72,812
Assessed improvement
$41,088
Land market value
$291,248
Improvement market value
$164,352
Total market value
$455,600
Applied tax rate
23,011.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
3,614 SF
Lot
0.27 ac (11,650 SF)
APN
05-19-112-016
UPID
US28-1036022
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
RETAIL STORES Current
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
OFFICE BUILDING
Est. value
$485,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1960
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
456 W Frontage LLC
Entity
Free & Clear · 1 yrs held
Mailing address
456 W FRONTAGE RD, NORTHFIELD, IL 60093-3034
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
456 W Frontage LLC
Johnson Apartments LLC
Quit Claim Deed
related
—
May 28, 2024
$804,500
Johnson Apartments LLC
Northfield Office Plaza LLC
Warranty Deed
$480,000 · The American Commercial Bank & Trus
Feb 6, 2015
$350,000
Northfield Office Plaza LLC
Judge,michael
Warranty Deed
—
Feb 22, 2012
$200,000
Michael Judge
Kleinman Burton H Trust
Grant Deed
related
$200,000 · Kleinman Burton H Trust
Nov 6, 2008
—
Kleinman Burton H Trust
Trust L-549
Quit Claim Deed
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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