New search
Property profile & analytics
FOR LEASE
Grocery and convenience stores
6401 W 127Th St, Palos Heights, IL 60463
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0660823
For Lease
$5,725,000
6401 W 127Th St, Palos Heights, IL 60463
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Lot
6.99 ac (304,484 SF)
APN
24-31-201-011
UPID
US28-0660823
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
-
Don Piha Pharmacy
-
Kathleen Wiersema Pharmacy
-
Pete's Fresh Market Grocery & Convenience Store Food Market
-
FMJ Fire-Safe & Chimney Service Palos Heights Building Supply Hardware & Home Improvement
-
Celestial Detox Center Palos Heights, IL Health Counselor Addiction Treatment Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.73M
Owner & transaction history
Archer Pulaski I LLC · 2 yrs held
Archer Pulaski I LLC
since 2023
Last sale
$5.7M
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 Palos Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palos Heights 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
$6,100,000
ML approach
$5,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±10% · vs last sale $5.70M (Dec 29 2023)
Last sale anchor
$5.70M
Dec 29 2023
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
—
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
$407,261
Tax year 2022
Assessed value
$1,127,816
Assessed 2022
Previous assessed
$1,127,816
+0.0% YoY
Effective rate
36.11%
On assessed value
Assessed land
$399,828
Assessed improvement
$727,988
Land market value
$1,599,312
Improvement market value
$2,911,952
Total market value
$4,511,264
Applied tax rate
39,073.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1981
Heating
NONE
Lot
6.99 ac (304,484 SF)
APN
24-31-201-011
UPID
US28-0660823
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
1981
Heating
NONE
Lot
6.99 ac
Current owner
From public records · entity-resolved
Archer Pulaski I LLC
Entity
Mailing address
4333 S PULASKI RD, CHICAGO, IL 60632-4008
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$5,700,000
Archer Pulaski I LLC
Chicago Title Land Trust Company
Deed
—
Nov 2, 2022
$2,800,000
7520 W 159th Street LLC
Chicago Title Land Trust Company
Deed
—
Jun 15, 2022
$2,290,000
Pulaski South LLC
Chicago Title Land Trust Company
Deed
—
Feb 8, 2022
$450,000
East Side Plaza Management LLC
Chicago Title Land Trust Company
Deed
—
Jun 15, 2021
$8,000,000
Chicago Title Land Trust Company
Parkway Bank And Trust Company
Deed
—
Oct 21, 2020
—
Trust Number 13760
—
Deed
related
—
Jun 3, 2004
—
Parkway Bank & Trust Co Ttee
—
Deed Of Trust
related
$9,000,000 · Citibank Fsb
May 26, 2004
—
Parkway Bank & Trust Co Ttee
Palos Heights Properties LLC
Grant Deed
related
—
Mar 27, 2002
$8,950,000
Palos Heights Properties INC
Dominicks Finer Foods INC
Grant Deed
$7,560,000 · Cib Bank
Apr 12, 2001
$7,050,000
Dominicks Finer Foods INC
Indian Trails LP
Grant Deed
—
—
—
Trust 13760
—
Deed Of Trust
related
$8,070,000 · First Nations Bk
—
—
Trust Number 13760
—
Loan Modification
related
—
—
—
Trust 13760
—
Deed Of Trust
related
$7,493,193 · First Nation 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.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
