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Property profile & analytics
OFF-MARKET
Retail space
626 Busse Hwy, Park Ridge, IL 60068-2502
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5669427
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Lot
0.23 ac (10,031 SF)
APN
09-26-117-039
UPID
US28-5669427
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
-
Gregory Turza Law Group, P.C. Law Firm
-
Personal Financial Strategies, Inc. Financial Advisor
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
626 Busse Holdings LLC · 1 yrs held
626 Busse Holdings LLC
since 2025
Last sale
$329,500
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 Park Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park Ridge 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
$26,409
Tax year 2022
Assessed value
$101,549
Assessed 2022
Previous assessed
$79,000
+28.5% YoY
Effective rate
26.01%
On assessed value
Assessed land
$35,108
Assessed improvement
$66,441
Land market value
$140,432
Improvement market value
$265,764
Total market value
$406,196
Applied tax rate
22,031.0000
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
1953
Heating
NONE
Stories
1
Lot
0.23 ac (10,031 SF)
APN
09-26-117-039
UPID
US28-5669427
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
1953
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
626 Busse Holdings LLC
Entity
Mailing address
626 BUSSE HWY, PARK RIDGE, IL 60068-2502
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
—
626 Busse Holdings LLC
Les Goldstein
Quitclaim Deed
related
—
Aug 30, 2023
—
Les Goldstein
Cjr Acquisitions LLC
Quit Claim Deed
related
—
Feb 11, 2013
—
Cjr Acquisitions LLC
Msg Acquisitions LLC
Quit Claim Deed
related
—
Jul 11, 2012
—
Msg Acquisitions LLC
Cjr Acquisitions LLC
Quit Claim Deed
related
—
Feb 22, 2012
$329,500
Cjr Acquisitions LLC
626 Busse LLC
Warranty Deed
—
Apr 28, 2006
$950,000
626 Busse LLC
Trust 99-1-7577
Grant Deed
$850,000 · Us Bank NA
May 26, 2000
—
Midwest Bank & Trust Co Ttee
—
Grant Deed
related
$365,055 · Midwest Bank & Trust Co
Oct 14, 1999
$325,000
Midwest Trust Services INC
Fed #1 Corp
Grant Deed
$243,750 · Midwest Bank & Trust Co
—
—
Midwest Bank & Trust Co
—
Deed Of Trust
related
$602,000 · Midwest Bank & Trust Co
—
—
Midwest Bank & Trust Co Ttee
—
Deed Of Trust
related
$608,561 · Midwest Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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