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Property profile & analytics
FOR LEASE
Retail space
50 Orland Park Pl, Orland Park, IL 60462
Entity Owned
~
Est. High Equity
Property ID
US28-5046401
For Lease
1 / 2
Contact for pricing
50 Orland Park Pl, Orland Park, IL 60462
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Lot
0.59 ac (25,565 SF)
APN
27-15-100-016
UPID
US28-5046401
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
$74.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$74.60M
Owner & transaction history
Orland Park Prime Asset LLC
Orland Park Prime Asset LLC
since 2025
Last sale
$74.6M
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 Orland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orland Park 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
$74,600,000
ML approach
$74,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$74.60M
Range $67.14M – $82.06M · ±10% · vs last sale $74.60M (Mar 6 2024)
Last sale anchor
$74.60M
Mar 6 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
—
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
$96,402
Tax year 2022
Assessed value
$321,809
Assessed 2022
Previous assessed
$321,809
+0.0% YoY
Effective rate
29.96%
On assessed value
Assessed land
$95,868
Assessed improvement
$225,941
Land market value
$383,472
Improvement market value
$903,764
Total market value
$1,287,236
Applied tax rate
28,011.0000
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
For Lease
Year built
2003
Heating
NONE
Stories
1
Lot
0.59 ac (25,565 SF)
APN
27-15-100-016
UPID
US28-5046401
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
2003
Heating
NONE
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Orland Park Prime Asset LLC
Entity
Mailing address
814 COMMERCE DR STE #300, OAK BROOK, IL 60523-8823
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
$60,000,000
Orland Park Prime Asset LLC
Pmat Orland LLC
Special Warranty Deed
$40,000,000 · Webster Bank NA
Mar 6, 2024
$74,600,000
Pmat Orland LLC
Irc Orland Lagrange Rd Outlot LLC
Special Warranty Deed
$54,292,000 · Cibc Bank USA
Nov 24, 2008
—
Orland Park 152 Associates LLC
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Sep 20, 2007
$3,376,333
Orland Park Place Inland IV
1311 LLC
Grant Deed
—
Sep 20, 2007
—
Tcb Orland III LLC
Orland III LLC
Quit Claim Deed
related
—
Sep 20, 2007
$5,064,500
Orland Park Place Inland IV
Orland III LLC
Grant Deed
related
—
Oct 13, 2004
—
Orland III LLC
Orland II LLC
Quit Claim Deed
related
—
Oct 17, 2002
—
Wpc-orland II LLC
Wpc-orland LLC
Quit Claim Deed
related
$17,600,000 · Us Bank NA
Apr 30, 2002
—
Mary M Charchut
Orland II LLC
Quit Claim Deed
related
—
Apr 30, 2002
$67,500
Wpc-orland LLC
Charchut,mary M
Quit Claim Deed
related
—
Apr 30, 2002
$135,000
Wpc-orland LLC
Vanzandt,j M
Quit Claim Deed
related
—
Jul 27, 2001
—
Orland II LLC
Montgomery Ward Development
Quit Claim Deed
related
$6,660,000 · Lasalle National Bank
Jun 13, 2001
—
Edward Zifkin
Orland Il LLC
Quit Claim Deed
related
—
Jun 13, 2001
$135,000
Wpc-orland LLC
Zifkin,edward
Quit Claim Deed
related
—
Sep 14, 1998
$650,000
Orland II
Heller Orland Park INC
Grant Deed
related
$700,000 · Lasalle National Bank
—
—
94th Avenue Partners LLC
—
Deed Of Trust
related
$625,000 · Madison Construction Co
—
—
152nd Street Partners LLC
—
Deed Of Trust
related
$2,148,000 · Kennedy Fundings
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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