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Property profile & analytics
FOR LEASE
Retail space
6600 W College Dr Palos Heights, IL 60463
Trust Owned
~
Est. High Equity
Property ID
US28-0294214
For Lease
1 / 2
$720,000
6600 W College Dr, Palos Heights, IL 60463
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1972
Total area
12,518 SF
Lot
0.96 ac (42,000 SF)
APN
24-30-201-033
UPID
US28-0294214
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
-
Margaret M. Brett, LCSW Foster Care Service Social Service Agency
-
Hawking Financial Group Financial Advisor
-
Interim Physicians Medical Clinic
-
Cook County Tax Appeal Law Firm
-
Khatib Law, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Trust Number 9002349846
Trust Number 9002349846
since 2025
Last sale
$649,000
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
$775,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $649k (Jul 3 2025)
Last sale anchor
$649k
Jul 3 2025
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
$58 / 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
$116,596
Tax year 2022
Assessed value
$322,886
Assessed 2022
Previous assessed
$322,886
+0.0% YoY
Effective rate
36.11%
On assessed value
Assessed land
$68,250
Assessed improvement
$254,636
Land market value
$273,000
Improvement market value
$1,018,544
Total market value
$1,291,544
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
For Lease
Year built
1972
Heating
NONE
Stories
2
Total area
12,518 SF
Lot
0.96 ac (42,000 SF)
APN
24-30-201-033
UPID
US28-0294214
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
1972
Heating
NONE
Stories
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Trust Number 9002349846
Trust
Mailing address
PO BOX 709, ORLAND PARK, IL 60462-0709
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
$649,000
Trust Number 9002349846
Cook County Tax Appeals LLC
Warranty Deed
—
Mar 18, 2022
$719,000
Cook County Tax Appeals LLC
6500 College LLC
Warranty Deed
$539,250 · Lakeside Bank
Apr 22, 2021
—
Fifth Third Bank National Associati
—
Deed
related
$500,000 · Fifth Third Bank NA
Nov 11, 2020
—
6500 College LLC
—
Deed
related
$1,000,000 · Fifth Third Bk NA
Sep 2, 2016
—
6500 College LLC
—
Deed
related
$500,000 · American Chartered Bank
Sep 19, 2013
$540,000
6500 College LLC
Seaway Bk & Trust Co
Warranty Deed
$475,000 · American Chartered Bank
Jan 23, 2009
—
Suburban Natl Bk First
Montesano Capital Mgmt INC
Deed In Lieu Of Foreclosure
related
—
Sep 13, 2001
$920,000
Montesano Capital Management
Hataburda,patricia D
Grant Deed
related
$368,000 · Midwest Of Mchenry County
—
—
Montesano Capital Management
—
Deed Of Trust
related
$380,000 · Somercor 504 INC
—
—
Montesano Capital Management I
—
Deed Of Trust
related
$1,020,000 · First Suburban National Bank
—
—
Montesano Capital Management
—
Deed Of Trust
related
$466,747 · Midwest Bank & Trust Co
—
—
6500 College LLC
—
Loan Modification
related
$1,000,000 · Fifth Third Bk NA
—
—
6500 College LLC
—
Loan Modification
related
$2,714,524 · Fifth Third Bk NA
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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