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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Banks
475 162nd St, South Holland, IL 60473-2259
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2795189
Property summary
AI-generated overview
This exceptional Class A office building, totaling 22,051 square feet, is situated on 2.31 acres in South Holland, Illinois. Built in 1983 and extensively renovated in 2023, the property boasts a striking marble exterior and offers multiple suite options ranging from 500 to 6,000 contiguous square feet. The building features three total suites, with 6,000 square feet currently vacant. Amenities include 75 parking spaces, an elevator, and high ceilings (14 feet). Modern upgrades include new strobes, horns, and emergency lighting
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1972
Lot
0.41 ac (17,655 SF)
APN
29-22-200-046
UPID
US28-2795189
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
-
Fifth Third Business Banking - Jan Banga Bank Loan Service
-
Fifth Third Bank & ATM Bank Loan Service
-
Fifth Third Securities - Xavier Kon-Lopez Financial Advisor
-
Fifth Third Business Banking - Timothy Woloszyn Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
V I T Development LLC · 4 yrs held
V I T Development LLC
since 2021
Last sale
$1.3M
2 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 South Holland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Holland 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
$1,485,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.30M (Aug 26 2021)
Last sale anchor
$1.30M
Aug 26 2021
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
—
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
$31,499
Tax year 2022
Assessed value
$52,547
Assessed 2022
Previous assessed
$52,548
0.0% YoY
Effective rate
59.94%
On assessed value
Assessed land
$30,896
Assessed improvement
$21,651
Land market value
$123,584
Improvement market value
$86,604
Total market value
$210,188
Applied tax rate
37,059.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1972
Heating
NONE
Lot
0.41 ac (17,655 SF)
APN
29-22-200-046
UPID
US28-2795189
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
1972
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
V I T Development LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY STE #800, DALLAS, TX 75234-7334
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$1,300,000
V I T Development LLC
Fifth Third Bank National Associati
Special Warranty Deed
$975,000 · Town Center Bank
Feb 14, 2008
—
Mb Financial Bank NA
Mb Financial Bank NA
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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