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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Grocery and convenience stores
6850 Belmont Ave Chicago, IL 60634-4647
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1428748
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Total area
11,700 SF
Lot
0.72 ac (31,154 SF)
APN
13-19-333-083
UPID
US28-1428748
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
-
Avenue Food Mart Specialty Food Shop Supermarket
-
La Tienda Michoacana Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.51M
Owner & transaction history
Halo Property Group LLC · 3 yrs held
Halo Property Group LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+103.0%
Apartment house (5+ units)
$2.2M
+59.0%
Office building
$1.6M
+14.4%
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
$2,530,000
ML approach
$2,770,000
CAP Approach
CAP Return
Estimation
6%
$2,705,000
6.5%
$2,500,000
7%
$2,320,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,795,000
Change: +103% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,190,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$1,575,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.50M (Mar 17 2023)
Last sale anchor
$2.50M
Mar 17 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
$214 / 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
$103,092
Tax year 2022
Assessed value
$501,221
Assessed 2022
Previous assessed
$501,221
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$140,193
Assessed improvement
$361,028
Land market value
$560,772
Improvement market value
$1,444,112
Total market value
$2,004,884
Applied tax rate
71,001.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Total area
11,700 SF
Lot
0.72 ac (31,154 SF)
APN
13-19-333-083
UPID
US28-1428748
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
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
0.72 ac
Current owner
From public records · entity-resolved
Halo Property Group LLC
Entity
Mailing address
6850 W BELMONT AVE, CHICAGO, IL 60634-4647
Mailing matches property
Yes
Owner-occupied
Yes
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$2,500,000
Halo Property Group LLC
6840 West Belmont LLC
Warranty Deed
$1,500,000 · Greenstate Cu
Nov 5, 2019
—
6850 West Belmont LLC
—
Deed
related
$1,280,000 · Oxford Bk
Jun 26, 2019
—
6850 West Belmont LLC
—
Deed
related
$200,000 · Oxford Bk
Feb 14, 2019
—
6850 West Belmont LLC
—
Deed
related
$8,778 · Oxford Bk
Sep 27, 2018
—
6850 West Belmont LLC
—
Deed
related
$200,000 · Oxford Bk
Jun 1, 2004
—
6850 West Belmont LLC
Parkway Bank & Trust Co Ttee
Grant Deed
$2,000,000 · Oxford Bank & Trust
Oct 30, 2001
—
Parkway Bank & Tr Co Ttee
Cosmopolitan Bank & Tr Co Ttee
Grant Deed
related
$1,400,000 · Parkway Bank & Trust Co
—
—
6850 West Belmont LLC
—
Loan Modification
related
$8,778 · Oxford Bk
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$600,000 · Parkway Bank & Trust Co
—
—
6850 West Belmont LLC
—
Loan Modification
related
$181,585 · Oxford Bank & Trust
—
—
6850 West Belmont LLC
—
Loan Modification
related
$1,090,686 · Oxford Bank & Trust
—
—
6850 West Belmont LLC
—
Loan Modification
related
$200,000 · Oxford Bk
—
—
6850 West Belmont LLC
—
Loan Modification
related
$9,538 · Oxford Bk
—
—
6850 West Belmont LLC
—
Deed Of Trust
related
$2,000,000 · Oxford Bank & Trust
—
—
6850 West Belmont LLC
—
Loan Modification
related
$1,280,000 · Oxford Bk
—
—
6850 West Belmont LLC
—
Deed Of Trust
related
$200,000 · Oxford Bank & Trust
—
—
6850 West Belmont LLC
—
Loan Modification
related
$910,960 · Oxford Bk
—
—
6850 West Belmont LLC
—
Loan Modification
related
—
—
—
6850 West Belmont LLC
—
Loan Modification
related
$200,000 · Oxford Bk
—
—
6850 West Belmont LLC
—
Deed Of Trust
related
$1,280,000 · Oxford 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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