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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Retail space
6500 65th St, Chicago, IL 60638-4962
Trust Owned
21-yr Hold
~
Est. High Equity
Property ID
US28-2187470
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1951
Total area
14,300 SF
Lot
0.37 ac (15,960 SF)
APN
19-19-214-012
UPID
US28-2187470
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
-
Cad Services Inc Theater & Performing Art Venue
-
Concentra Urgent Care Occupational Health Service Medical Clinic
-
B3 iNtegrated Solutions General Contractor
-
Dr. Peter Sorokin, MD Physician
-
Gretchen Shank Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.56M
Owner & transaction history
Trust 18251 · 21 yrs held
Trust 18251
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+20.9%
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
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
RETAIL STORES
$2,005,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,420,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,925,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,715,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±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
$109 / 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
$39,671
Tax year 2022
Assessed value
$192,874
Assessed 2022
Previous assessed
$192,874
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$35,910
Assessed improvement
$156,964
Land market value
$143,640
Improvement market value
$627,856
Total market value
$771,496
Applied tax rate
72,001.0000
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
Off-Market
Year built
1951
Heating
NONE
Stories
2
Total area
14,300 SF
Lot
0.37 ac (15,960 SF)
APN
19-19-214-012
UPID
US28-2187470
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
RETAIL STORES Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1951
Heating
NONE
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Trust 18251
Trust
Mailing address
6901 ALICO RD UNIT #1, FORT MYERS, FL 33912-6006
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2018
—
—
—
Grant Deed
related
$7,192,500 · Bridgeview Bk
Jul 15, 2016
—
5950 W 66th Street LLC
—
Deed
related
$2,366,654 · American Chartered Bk
Apr 8, 2013
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$10,241,437 · American Chartered Bank
Oct 13, 2010
—
5950 W 66th Street LLC
—
Deed Of Trust
related
$2,237,500 · American Chartered Bank
Sep 21, 2009
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$10,241,437 · American Chartered Bank
Apr 23, 2009
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$10,409,848 · American Chartered Bank
Jul 23, 2004
$1,365,000
Trust 18251
Aircraft Gear Corp
Grant Deed
—
Apr 24, 2003
—
6499 W 65th St LLC
—
Deed Of Trust
related
$11,462,500 · American Chartered Bank
Sep 8, 2000
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$1,100,000 · Lasalle National Bank
Apr 23, 1999
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$7,500,000 · Lasalle National Bank
Dec 1, 1998
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$2,700,000 · Cib Bank
Aug 17, 1998
$1,400,000
6499 West 65th Street LLC
Bedford Management INC
Grant Deed
$1,300,000 · Seller
—
—
5950 W 66th Street LLC
—
Loan Modification
related
$2,237,500 · American Chartered Bank
—
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$9,443,274 · American Chartered Bank
—
—
6499 West 65th Street LLC
—
Deed Of Trust
related
$9,443,274 · American Chartered Bank
—
—
5950 W 66th Street LLC
—
Loan Modification
related
$2,366,654 · American Chartered Bk
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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