New search
Property profile & analytics
OFF-MARKET
Industrial properties
702 Vermont St, Palatine, IL 60067-7141
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-4969612
Property summary
AI-generated overview
This exceptional investment opportunity presents two buildings situated on a sizable 0.53-acre lot in Palatine, Illinois. The property boasts a total of 7,000 square feet of space, ideally suited for a variety of uses, including office, warehousing, and storage. Currently, the property houses four long-term tenants (each with a lease exceeding five years), generating substantial rental income. The main building features ample office space and two half-bathrooms, along with one full bathroom. A key advantage is the significant potential for expansion
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Total area
4,900 SF
Lot
0.53 ac (23,185 SF)
APN
02-23-308-015
UPID
US28-4969612
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Buds Group LLC · 5 yrs held
Buds Group LLC
since 2021
Last sale
$280,000
6 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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$31,726
Tax year 2022
Assessed value
$110,773
Assessed 2022
Previous assessed
$67,037
+65.2% YoY
Effective rate
28.64%
On assessed value
Assessed land
$34,777
Assessed improvement
$75,996
Land market value
$139,108
Improvement market value
$303,984
Total market value
$443,092
Applied tax rate
29,007.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
4,900 SF
Lot
0.53 ac (23,185 SF)
APN
02-23-308-015
UPID
US28-4969612
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
1976
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Buds Group LLC
Entity
Mailing address
702 S VERMONT ST, PALATINE, IL 60067-7141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2021
$280,000
Buds Group LLC
700 S Vermont LLC
Warranty Deed
$238,000 · Union National Bank
Aug 21, 2018
—
700 S Vermont LLC
—
Trustees Deed
related
$230,673 · Active Electrical Supply Co
Dec 9, 2008
$487,500
700 S Vermont LLC
Cm Reo S1 LLC
Grant Deed
$390,000 · Union National Bank
Jul 8, 2008
—
Cm Reo S1 LLC
Bll Holdings LLC
Quit Claim Deed
related
—
Sep 24, 2007
—
Bll Holdings LLC
Sheriff Of Cook County
Trustees Deed
related
—
Dec 22, 1999
$335,000
Leonard S Dombrowski
American Nat'l Bk&tr Chgo Ttee
Grant Deed
$928,000 · Heller First Capital
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?”
You own 702 Vermont St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
