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Property profile & analytics
OFF-MARKET
Estimated value
$12,750,000
Community centers
7501 Cermak Rd, North Riverside, IL 60546-1434
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-2678458
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1974
Lot
11.55 ac (503,118 SF)
APN
15-25-200-004
UPID
US28-2678458
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
-
Forever 21 Clothing Store Fashion Accessories Store
-
Fresh Wear Clothing Store Men'S Clothing Store
-
Think Custom Gifts & Tees (North River Park Mall) Gift Shop Party Store
-
Express Clothing & Fashion Store
-
Taqueria El Milagro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.75M
Owner & transaction history
Nrc 7500 Cermak LLC · 3 yrs held
Nrc 7500 Cermak LLC
since 2023
Last sale
$12.5M
2 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 North Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Riverside 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
$13,330,000
ML approach
$8,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.75M
Range $11.48M – $14.03M · ±10% · vs last sale $12.46M (Jan 18 2023)
Last sale anchor
$12.46M
Jan 18 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
—
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
$284,976
Tax year 2022
Assessed value
$857,793
Assessed 2022
Previous assessed
$857,793
+0.0% YoY
Effective rate
33.22%
On assessed value
Assessed land
$827,851
Assessed improvement
$29,942
Land market value
$3,311,404
Improvement market value
$119,768
Total market value
$3,431,172
Applied tax rate
34,003.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1974
Heating
NONE
Lot
11.55 ac (503,118 SF)
APN
15-25-200-004
UPID
US28-2678458
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
1974
Heating
NONE
Lot
11.55 ac
Current owner
From public records · entity-resolved
Nrc 7500 Cermak LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7 PENN PLZ #1100, NEW YORK, NY 10001-3967
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
$3,075,000
Nrc 7500 Cermak LLC
Wec 98c 4 LLC
Foreclosure
related
—
Aug 10, 1998
$12,460,000
Wec 98c-4
Chicago Title Land Trust Co
Grant Deed
$14,012,500 · Red Mountain Funding LLC
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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