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Property profile & analytics
FOR LEASE
Retail space
7202 W College Dr Palos Heights, IL 60463
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5448437
For Lease
1 / 2
$21 SF/Yr
7202 W College Dr, Palos Heights, IL 60463
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Lot
0.72 ac (31,381 SF)
APN
23-24-406-018
UPID
US28-5448437
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
-
Quick Slim Health Center Weight Loss Service
-
Scott M. Cruse, DC Alternative Medicine Practice
-
Chiro One Chiropractic & Wellness Center of Palos Heights Alternative Medicine Practice
-
Felicia Olimene Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Oceans And Stars Leasing II LLC · 3 yrs held
Oceans And Stars Leasing II LLC
since 2022
Last sale
$2.9M
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
$2,240,000
ML approach
$2,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±10% · vs last sale $2.85M (Jul 19 2022)
Last sale anchor
$2.85M
Jul 19 2022
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
$89,181
Tax year 2022
Assessed value
$268,653
Assessed 2022
Previous assessed
$268,653
+0.0% YoY
Effective rate
33.20%
On assessed value
Assessed land
$98,065
Assessed improvement
$170,588
Land market value
$392,260
Improvement market value
$682,352
Total market value
$1,074,612
Applied tax rate
30,079.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2007
Heating
NONE
Stories
1
Lot
0.72 ac (31,381 SF)
APN
23-24-406-018
UPID
US28-5448437
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
2007
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Oceans And Stars Leasing II LLC
Entity
Mailing address
112 ADAMS ST APT #2, HOBOKEN, NJ 07030-8523
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
$2,850,000
Oceans And Stars Leasing II LLC
Bire Palos Heights LLC
Warranty Deed
$1,260,000 · Capstar Bank
Apr 7, 2021
$1,889,500
Bire Palos Heights LLC
7202 College LLC
Special Warranty Deed
$1,511,600 · Inb National Association
Mar 12, 2019
—
7202 College LLC
—
Deed
related
—
Mar 14, 2014
$2,150,000
7202 College LLC
Capri Development 7202 LLC
Warranty Deed
$1,425,000 · First Nations Bank
Aug 14, 2006
$1,125,000
Capri Development 7202 LLC
Tiffany Square INC
Warranty Deed
$900,000 · Mb Financial Bank NA
Aug 18, 2005
$785,000
Tiffany Square INC
Ge Cap Franchise Finance Corp
Grant Deed
$535,000 · Founders Bank
—
—
7202 College LLC
—
Loan Modification, Consolidation And Extension
related
—
—
—
Capri Dev 7202 LLC
—
Deed Of Trust
related
$5,704,950 · Mb Financial Bank 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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