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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial real estate
602 Montgomery Rd, Montgomery, IL 60538-1824
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0435458
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,366 SF
Lot
0.3 ac (13,068 SF)
APN
15-34-280-029
UPID
US28-0435458
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
-
Primos taco truck Restaurant
-
Montgomery Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$471k
Blend (final)
Blend
$700k
Owner & transaction history
Laundry Growth Re 1 LLC · 2 yrs held
Laundry Growth Re 1 LLC
since 2024
Last sale
$700,000
6 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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$450,000
7%
$420,000
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Mar 1 2024)
Last sale anchor
$700k
Mar 1 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
$296 / 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
$7,410
Tax year 2022
Assessed value
$110,763
Assessed 2022
Previous assessed
$110,763
+0.0% YoY
Effective rate
6.69%
On assessed value
Assessed land
$22,174
Assessed improvement
$88,589
Land market value
$66,522
Improvement market value
$265,767
Total market value
$332,289
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
2,366 SF
Lot
0.3 ac (13,068 SF)
APN
15-34-280-029
UPID
US28-0435458
Jurisdiction
KANE
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Laundry Growth Re 1 LLC
Entity
Mailing address
432 N CLARK ST STE #200, CHICAGO, IL 60654-4591
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
—
Laundry Growth Re 1 LLC
—
Deed
related
$5,650,000 · Old National Bank
Mar 1, 2024
$700,000
Laundry Growth Re 1 LLC
Smart Wash Properties LLC
Special Warranty Deed
$175,000 · Smart Wash Properties LLC
Jul 20, 2020
$180,000
Smart Wash Properties LLC
R S Car Wash Holdings LLC
Warranty Deed
—
Jan 2, 2009
$274,000
Rs Car Wash Holdings LLC
Super Walsh INC
Warranty Deed
—
Jul 28, 2004
$326,666
Super Wash INC
Sbs Industrial INC
Grant Deed
—
Sep 17, 2003
—
Super Wash INC
—
Deed Of Trust
related
$31,000,000 · Fifth Third Bank 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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