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Property profile & analytics
FOR LEASE
Retail space
616 N North Ct, Palatine, IL 60067
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-1127410
For Lease
1 / 4
$16 SF/Yr
616 N North Ct, Palatine, IL 60067
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1975
Lot
0.99 ac (43,341 SF)
APN
02-14-100-012
UPID
US28-1127410
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
-
Acura Pharmaceuticals Inc Factory Production Facility
-
M.J. Taylor Law Law Firm
-
Torgerson Financial Group Financial Advisor
-
Kerry A. Garesche Law Law Firm
-
Osegueda Language Institute Language School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Moats Office LLC 600 · 2 yrs held
Moats Office LLC 600
since 2024
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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$72,377
Tax year 2022
Assessed value
$252,707
Assessed 2022
Previous assessed
$307,564
-17.8% YoY
Effective rate
28.64%
On assessed value
Assessed land
$162,528
Assessed improvement
$90,179
Land market value
$650,112
Improvement market value
$360,716
Total market value
$1,010,828
Applied tax rate
29,007.0000
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
For Lease
Year built
1975
Heating
NONE
Stories
2
Lot
0.99 ac (43,341 SF)
APN
02-14-100-012
UPID
US28-1127410
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
1975
Heating
NONE
Stories
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Moats Office LLC 600
Entity
Free & Clear · 2 yrs held
Mailing address
600 NN CT #616, PALATINE, IL 60067-8155
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
—
Moats Office LLC 600
Chicago Title Land Trust Company
Deed
—
May 25, 2017
—
Trust 8002374256
Moats Office LLC 600
Quit Claim Deed
related
—
Jan 29, 2013
$1,214,000
Moats Office LLC
600 & 616 North Court LLC
Grant Deed
—
Nov 10, 2003
—
600 & 616 North Court LLC
Midwest Bank & Trust Co Ttee
Grant Deed
related
—
Aug 17, 1999
$3,000,000
Midwest Trust Services Ttee
Ryan Trust
Trustees Deed
$3,400,000 · Associated Bank Chicago
Aug 17, 1999
$1,690,000
Midwest Trust Services Ttee
Harris Bank Palatine Trustee
Trustees Deed
—
—
—
Harris Bank Palatine Trustee
—
Deed Of Trust
related
$779,183 · Harris Bank Barrington 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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