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Property profile & analytics
OFF-MARKET
Estimated value
$5,930,000
Community centers
6343 Mccormick Rd Chicago, IL 60659
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5464634
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1994
Total area
35,200 SF
Lot
1.92 ac (83,635 SF)
APN
13-02-220-032
UPID
US28-5464634
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
$6.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.93M
Owner & transaction history
Mccormick Plaza Management LLC · 3 yrs held
Mccormick Plaza Management LLC
since 2022
Last sale
$5.2M
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$6,760,000
ML approach
$6,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,415,000
Current use
Blend value · Realmo final
$5.93M
Range $5.34M – $6.52M · ±10% · vs last sale $5.15M (Oct 3 2022)
Last sale anchor
$5.15M
Oct 3 2022
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
$168 / 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
$235,931
Tax year 2022
Assessed value
$1,143,005
Assessed 2022
Previous assessed
$1,143,005
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$251,367
Assessed improvement
$891,638
Land market value
$1,005,468
Improvement market value
$3,566,552
Total market value
$4,572,020
Applied tax rate
71,133.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Total area
35,200 SF
Lot
1.92 ac (83,635 SF)
APN
13-02-220-032
UPID
US28-5464634
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1994
Heating
NONE
Stories
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Mccormick Plaza Management LLC
Entity
Mailing address
8180 MCCORMICK BLVDBLVD250, SKOKIE, IL 60076-2920
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$5,150,000
Mccormick Plaza Management LLC
Khl Mccormick LLC
Special Warranty Deed
$3,862,500 · Brickyard Bank
May 6, 2022
—
Khl Mccormick LLC
—
Deed
related
$2,800,000 · Firstsecure Bank & Trust Co
Mar 30, 2016
$4,140,000
Khl Mccormick LLC
Mb1806 LLC
Grant Deed
$3,050,000 · Wells Fargo Bk
Apr 1, 2015
—
Mb1806 LLC
Pehar,zlatko & Zoran
Grant Deed
related
—
Feb 25, 2013
—
Zlatko Pehar
—
Deed Of Trust
related
$8,970,778 · Cole Taylor Bank
Jun 28, 2004
$3,950,000
Tony Pehar
Parkway Bank & Trust Co Ttee
Grant Deed
—
Jun 28, 2004
—
Tony Pehar
—
Deed Of Trust
related
$3,160,000 · Cole Taylor Bank
Apr 10, 2000
$3,350,000
Parkway Bank & Trust Co Ttee
Chicago Title Land Trust Co Tt
Grant Deed
related
$2,512,500 · Parkway Bank & Trust Co
—
—
Zlatko Pehar
—
Deed Of Trust
related
$580,000 · Cole Taylor Bank
—
—
Zlatko Pehar
—
Deed Of Trust
related
$4,538,389 · Cole Taylor Bank
—
—
Zlatko Pehar
—
Loan Modification
related
$4,432,389 · Mb Fin'l Bk
—
—
Zlatko Pehar
—
Deed Of Trust
related
$4,450,650 · Cole Taylor Bank
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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