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Property profile & analytics
OFF-MARKET
Retail space
47 6th Ave, La Grange, IL 60525-2499
Individually Owned
~
Est. High Equity
Property ID
US28-0117599
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1952
Lot
0.7 ac (30,498 SF)
APN
18-04-231-032
UPID
US28-0117599
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David R Noftsger
David R Noftsger
since 2025
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 La Grange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Grange 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
$77,918
Tax year 2022
Assessed value
$265,365
Assessed 2022
Previous assessed
$265,365
+0.0% YoY
Effective rate
29.36%
On assessed value
Assessed land
$76,245
Assessed improvement
$189,120
Land market value
$304,980
Improvement market value
$756,480
Total market value
$1,061,460
Applied tax rate
21,030.0000
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
1952
Heating
NONE
Lot
0.7 ac (30,498 SF)
APN
18-04-231-032
UPID
US28-0117599
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
1952
Heating
NONE
Lot
0.7 ac
Current owner
From public records · entity-resolved
David R Noftsger
Individual
Mailing address
PO BOX 50892, MESA, AZ 85208-0045
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
6th Avenue Development Group LLC
—
Deed
related
$300,000 · Pima FCU
Oct 24, 2025
—
David R Noftsger
Concetta Forchetti Trust
Deed
—
Oct 7, 2019
—
6th Avenue Dev Group LLC
—
Deed
related
$4,360,000 · Fnbc Bk&tr
Dec 24, 2018
—
6th Avenue Dev Group LLC
—
Deed
related
$4,275,000 · Midland States Bk
Dec 3, 2012
—
6th Avenue Dev Group LLC
—
Trustees Deed
related
$440,000 · Citizens Financial Bank
Jan 13, 2012
—
6th Avenue Dev Group LLC
—
Trustees Deed
related
$2,725,000 · Citizens Financial Bank
Jul 19, 2010
—
6th Avenue Dev Group LLC
—
Trustees Deed
related
$2,475,640 · First Merit Bank
Dec 5, 2008
$1,850,000
6th Avenue Dev Group LLC
Peck Robert F Trust 7-92
Grant Deed
$2,348,640 · George Washington Savings Bank
Jun 8, 2004
—
Peck,tr
Peck,tr
Quit Claim Deed
related
—
—
—
6th Avenue Dev Group LLC
—
Loan Modification
related
$4,275,000 · Midland States Bk
—
—
Willow Business Center LLC
—
Deed Of Trust
related
$2,631,377 · First Nat'l Bk/brookfield
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$2,631,377 · First National Bank Brookfield
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$4,360,000 · Fnbc Bk&tr
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$2,997,210 · Citizens Financial Bank
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$500,000 · Centruebank
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$2,631,377 · First National Bank Brookfield
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$3,976,000 · Centrue Bank
—
—
6th Avenue Dev Group LLC
—
Loan Modification
related
$499,422 · Centruebank
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$2,582,640 · First Merit Bank
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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