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Property profile & analytics
FOR LEASE
Community centers
5151 S Pulaski Rd Chicago, IL 60632
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0278873
For Lease
1 / 2
$10,505,000
5151 S Pulaski Rd, Chicago, IL 60632
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
7,200 SF
Lot
3.35 ac (145,926 SF)
APN
19-11-300-007
UPID
US28-0278873
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
-
China Ho Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.51M
Owner & transaction history
Nmc Midway LLC · 2 yrs held
Nmc Midway LLC
since 2023
Last sale
$10.8M
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$11,470,000
ML approach
$9,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.51M
Range $9.45M – $11.56M · ±10% · vs last sale $10.76M (Oct 10 2023)
Last sale anchor
$10.76M
Oct 10 2023
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
$1,459 / 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
$469,771
Tax year 2022
Assessed value
$2,283,965
Assessed 2022
Previous assessed
$2,470,526
-7.6% YoY
Effective rate
20.57%
On assessed value
Assessed land
$520,481
Assessed improvement
$1,763,484
Land market value
$2,081,924
Improvement market value
$7,053,936
Total market value
$9,135,860
Applied tax rate
72,001.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Heating
NONE
Stories
1
Total area
7,200 SF
Lot
3.35 ac (145,926 SF)
APN
19-11-300-007
UPID
US28-0278873
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
1987
Heating
NONE
Stories
1
Lot
3.35 ac
Current owner
From public records · entity-resolved
Nmc Midway LLC
Entity
Mailing address
24025 PARK SORRENTO, CALABASAS, CA 91302-4018
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
$10,760,000
Nmc Midway LLC
Pf Midway LLC
Special Warranty Deed
$6,990,000 · United Of Omaha Life Insurance Comp
Oct 2, 2019
—
Pf Midway LLC
—
Grant Deed
related
$8,250,000 · Cibc Bk USA
Aug 9, 2019
$13,400,000
Pf Midway LLC
Tcb-midway LLC
Grant Deed
—
May 16, 2017
—
Tcb-midway LLC
—
Deed
related
$6,922,500 · Privatebank & Tr
Dec 3, 2012
$10,685,000
Tcb-midway LLC
Midway Square Shopping Center
Grant Deed
related
$6,922,500 · Privatebank & Trust
Sep 15, 2003
—
Tokuhide Nakamoto
Cosmopolitan Bank & Trust Ttee
Grant Deed
related
—
Nov 8, 2002
$6,825,000
Midway Square Shopping Ctr LLC
Lasalle Bank NA Trustee
Grant Deed
$6,300,000 · Column Financial INC
—
—
Tcb-midway LLC
—
Loan Modification
related
$6,922,500 · Private Bank & Trust Co
—
—
Tcb-midway LLC
—
Loan Modification
related
$6,922,500 · Privatebank & Tr
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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