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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Commercial real estate
590 Loves Rd, Cortland, IL 60112-4157
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1324585
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
FRAME
Total area
4,814 SF
Lot
0.49 ac (21,344 SF)
APN
09-17-372-001
UPID
US28-1324585
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
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$966k
Blend (final)
Blend
$730k
Owner & transaction history
Richard A Schultz · 6 yrs held
Richard A Schultz
since 2020
Last sale
$695,000
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 Cortland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortland 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
$750,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $695k (Mar 20 2020)
Last sale anchor
$695k
Mar 20 2020
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
$152 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,071
Tax year 2023
Assessed value
$256,287
Assessed 2023
Previous assessed
$256,287
+0.0% YoY
Effective rate
9.39%
On assessed value
Assessed land
$34,219
Assessed improvement
$222,068
Land market value
$102,657
Improvement market value
$666,204
Total market value
$768,861
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Units
8
Total area
4,814 SF
Lot
0.49 ac (21,344 SF)
APN
09-17-372-001
UPID
US28-1324585
Jurisdiction
DE KALB
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
2004
Construction
FRAME
Heating
NONE
Cooling
Yes
Units
8
Lot
0.49 ac
Current owner
From public records · entity-resolved
Richard A Schultz
Individual
Mailing address
4 HAMPTON CT, DEKALB, IL 60115-4920
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
$695,000
Richard A Schultz
Jerry Finnan
Warranty Deed
$521,250 · Heartland Bank & Trust Co
Sep 19, 2019
$695,000
Jerry Finnan
Richard A Schultz
Warranty Deed
$556,000 · First State Bank
Sep 25, 2013
$700,000
Richard Schultz
Schultz,amy T
Warranty Deed
related
$560,000 · American Midwest Bank
Dec 19, 2012
$695,000
Amy T Schultz
Schultz,richard A & Cynthia M
Warranty Deed
related
$556,000 · American Midwest Bank
May 24, 2012
$622,000
Richard Schultz
Pappas,nick & Konstadina
Warranty Deed
$466,500 · American Midwest Bank
Oct 6, 2004
—
Nick Pappas
Pappas,nick
Quit Claim Deed
related
$545,000 · Old Second Bank Kane County
Jul 16, 2004
—
Nick Pappas
—
Trustees Deed
related
$10,000 · Old Second Bank Kane County
Jun 29, 2004
—
John F Pappas
—
Trustees Deed
related
$15,000 · Old Second Bank Kane County
—
—
Richard Schultz
—
Deed Of Trust
related
$540,000 · National Bk&tr/sycamore
—
—
Nick F Pappas
—
Deed Of Trust
related
$50,000 · Castle Bank NA
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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