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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
736 Randolph St Chicago, IL 60661-2104
Entity Owned
7-yr Hold
Free & Clear
Property ID
US28-1847614
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1888
Total area
5,000 SF
Lot
0.07 ac (3,120 SF)
APN
17-09-319-003
UPID
US28-1847614
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
-
142 N Halsted St Parking Parking Lot & Garage
-
ROOH Chicago Progressive Indian Restaurant & Cocktail Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$800k
Owner & transaction history
736 West Randolph LLC · 7 yrs held
736 West Randolph LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+64.3%
Apartment house (5+ units)
$860,000
+18.2%
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%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
RETAIL STORES
$730,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: +64% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$860,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$600,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$160 / 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
$58,403
Tax year 2022
Assessed value
$282,981
Assessed 2022
Previous assessed
$282,981
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$46,800
Assessed improvement
$236,181
Land market value
$187,200
Improvement market value
$944,724
Total market value
$1,131,924
Applied tax rate
77,100.0000
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
1888
Heating
NONE
Stories
2
Total area
5,000 SF
Lot
0.07 ac (3,120 SF)
APN
17-09-319-003
UPID
US28-1847614
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
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$860,000
OFFICE BUILDING
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$600,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1888
Heating
NONE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
736 West Randolph LLC
Entity
Free & Clear · 7 yrs held
Mailing address
516 N OGDEN AVE #137, CHICAGO, IL 60642-6421
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
—
Vicrob 736 West Randolph LLC
—
Deed
related
$7,900,000 · Wells Fargo Bank NA
Jul 16, 2018
$3,845,000
736 West Randolph LLC
West Loop Capital LLC
Grant Deed
related
—
Jan 11, 2017
—
West Loop Capital LLC
—
Deed
related
$1,775,000 · Lakeside Bk
Dec 1, 2016
—
West Loop Capital LLC
—
Deed
related
—
Aug 22, 2016
—
West Loop Capital LLC
—
Deed
related
—
Jul 24, 2015
—
West Loop Capital LLC
—
Trustees Deed
related
$1,412,623 · Lakeside Bk
Apr 14, 2014
$750,000
West Loop Capital LLC
Trust 77667
Grant Deed
related
$525,000 · Lakeside Bk
—
—
West Loop Capital LLC
—
Loan Modification
related
$1,775,000 · Lakeside Bk
—
—
West Loop Capital LLC
—
Loan Modification
related
—
—
—
West Loop Capital LLC
—
Loan Modification
related
—
—
—
West Loop Capital LLC
—
Loan Modification
related
—
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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