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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
5710 Cermak Rd, Cicero, IL 60804-2128
Individually Owned
1-yr Hold
Free & Clear
Property ID
US28-1977770
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
3,300 SF
Lot
0.15 ac (6,500 SF)
APN
16-20-430-036
UPID
US28-1977770
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
$700k
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$590k
Owner & transaction history
Carlos Velasquez · 1 yrs held
Carlos Velasquez
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$790,000
+64.3%
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 Cicero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cicero 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%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
RETAIL STORES
$480,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +64% · Conversion: Moderate
OFFICE BUILDING
$445,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$395,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$179 / 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
$42,509
Tax year 2022
Assessed value
$97,331
Assessed 2022
Previous assessed
$97,331
+0.0% YoY
Effective rate
43.67%
On assessed value
Assessed land
$29,250
Assessed improvement
$68,081
Land market value
$117,000
Improvement market value
$272,324
Total market value
$389,324
Applied tax rate
15,003.0000
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
Off-Market
Year built
1946
Heating
NONE
Stories
1
Total area
3,300 SF
Lot
0.15 ac (6,500 SF)
APN
16-20-430-036
UPID
US28-1977770
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
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
OFFICE BUILDING
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$395,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1946
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Carlos Velasquez
Individual
Free & Clear · 1 yrs held
Mailing address
5710 W CERMAK RD, CICERO, IL 60804-2128
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Carlos Velasquez
Jose Torres
Deed
—
Oct 8, 2020
—
Taqueria El Meson INC
—
Deed
related
$948,886 · Republic Bk/chicago
Jan 17, 2008
—
Jose Torres
—
Trustees Deed
related
$250,000 · Aztecamerica Bank
Mar 22, 1999
$170,000
Pinnacle Bank Trustee #11875
Pinnacle Bank Trustee #10821
Grant Deed
related
$184,000 · Preferred Savings Bank
—
—
Pinnacle Bank Trustee
—
Deed Of Trust
related
$35,000 · Old Kent Bank
—
—
Trust 11875
—
Deed Of Trust
related
$520,000 · Austin Bank Chicago
—
—
Taqueria El Meson INC
—
Loan Modification
related
$879,018 · Republic Bk/chicago
—
—
Taqueria El Meson INC
—
Loan Modification
related
$948,886 · Republic Bk/chicago
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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