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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Office buildings
625 Roger Williams Ave, Highland Park, IL 60035-4807
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US28-2770468
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
BRICK
Total area
12,977 SF
Lot
0.43 ac (18,770 SF)
APN
16-36-102-021
UPID
US28-2770468
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
-
GVW Group LLC Holding Company
-
Aculocity (Bike/Boat/Book/etc) Store Corporate Office
-
Triz Engineering Solutions Engineer
-
JIT Truck Parts Auto Parts Store Big Box & Wholesale Store
-
Autocar Parts Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.54M
Owner & transaction history
Tranquility Real Estate LLC · 14 yrs held
Tranquility Real Estate LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+49.9%
Auto repair, garage
$2.3M
+44.4%
Restaurant
$2.2M
+41.0%
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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
OFFICE BUILDING
$1,570,000
Current use
COMMERCIAL (GENERAL)
$2,355,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,270,000
Change: +44% · Conversion: Difficult
RESTAURANT
$2,215,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$1,650,000
Change: +5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,455,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±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
$118 / 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
$53,776
Tax year 2023
Assessed value
$549,945
Assessed 2023
Previous assessed
$498,235
+10.4% YoY
Effective rate
9.78%
On assessed value
Assessed land
$352,290
Assessed improvement
$197,655
Land market value
$1,056,976
Improvement market value
$593,024
Total market value
$1,650,000
Applied tax rate
18,075.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
NONE
Total area
12,977 SF
Lot
0.43 ac (18,770 SF)
APN
16-36-102-021
UPID
US28-2770468
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
OFFICE BUILDING Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1955
Construction
BRICK
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
Tranquility Real Estate LLC
Entity
Mailing address
625 ROGER WILLIAMS AVE, HIGHLAND PARK, IL 60035-4807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2019
—
Tranquility Real Estate LLC
—
Deed
related
$1,027,500 · Cibc Bk USA
Jun 5, 2012
$825,000
Tranquility Real Estate LLC
Northwest Boulevard INC
Quit Claim Deed
related
—
May 11, 2012
$825,000
Tranquity Real Estate LLC
Northwest Boulevard INC
Quit Claim Deed
related
—
Dec 30, 2011
—
Northwest Blvd INC
Waverly Place LLC
Deed In Lieu Of Foreclosure
related
—
Oct 22, 2009
—
Waverly Place LLC
—
Deed Of Trust
related
$2,465,000 · Us Bank NA
Oct 25, 2007
$2,397,000
Waverly Place LLC
Chicago Title Land Trust Co
Deed
$2,465,000 · Us Bank NA
—
—
Tranquility Real Estate LLC
—
Loan Modification
related
$1,027,500 · Cibc Bk USA
—
—
Waverly Place LLC
—
Deed Of Trust
related
$2,465,000 · Us Bank NA
—
—
Tranquility Real Estate LLC
—
Deed Of Trust
related
$1,027,500 · Privatebank & Tr
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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