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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Retail space
5301 Dempster St Ste 300 Skokie, IL 60077-1857
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-2656409
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1973
Total area
16,790 SF
Lot
0.57 ac (24,916 SF)
APN
10-21-102-059
UPID
US28-2656409
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
$1.97M
Blend (final)
Blend
$1.94M
Owner & transaction history
5301 Dempster LLC · 11 yrs held
5301 Dempster LLC
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+17.9%
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 Skokie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Skokie 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,505,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,950,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$2,245,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,035,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±10%
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
$115 / 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
$120,809
Tax year 2022
Assessed value
$387,550
Assessed 2022
Previous assessed
$336,481
+15.2% YoY
Effective rate
31.17%
On assessed value
Assessed land
$149,496
Assessed improvement
$238,054
Land market value
$597,984
Improvement market value
$952,216
Total market value
$1,550,200
Applied tax rate
24,026.0000
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
1973
Heating
NONE
Stories
3
Total area
16,790 SF
Lot
0.57 ac (24,916 SF)
APN
10-21-102-059
UPID
US28-2656409
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
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1973
Heating
NONE
Stories
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
5301 Dempster LLC
Entity
Mailing address
5301 DEMPSTER ST STE #300, SKOKIE, IL 60077-1857
Ownership since
2015
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
Jun 22, 2015
$930,000
5301 Dempster LLC
Bumblebee Properties L.lc
Special Warranty Deed
$801,000 · Fnbc Bank & Trust
Jul 13, 2001
$2,200,000
Bumblebee Properties LLC
Cole Taylor Bank Trustee
Grant Deed
$1,800,000 · Suburban Bank & Trust Co
—
—
Bumblebee Properties LLC
—
Deed Of Trust
related
$2,000,000 · Bridgeview Bank Group
—
—
Bumblebee Properties LLC
—
Deed Of Trust
related
$160,000 · Suburban Bank & Trust Co
—
—
Bumblebee Properties LLC
—
Deed Of Trust
related
$1,774,355 · Suburban Bank & Trust Co
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.
Try Rey
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