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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Retail space
7507 Madison St, Forest Park, IL 60130-3514
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-2685419
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1907
Lot
0.1 ac (4,350 SF)
APN
15-12-431-026
UPID
US28-2685419
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
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Scratch Properties INC · 3 yrs held
Scratch Properties INC
since 2023
Last sale
$750,000
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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
$800,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $750k (Apr 3 2023)
Last sale anchor
$750k
Apr 3 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
$36,155
Tax year 2022
Assessed value
$100,875
Assessed 2022
Previous assessed
$100,875
+0.0% YoY
Effective rate
35.84%
On assessed value
Assessed land
$15,225
Assessed improvement
$85,650
Land market value
$60,900
Improvement market value
$342,600
Total market value
$403,500
Applied tax rate
31,038.0000
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
1907
Heating
NONE
Lot
0.1 ac (4,350 SF)
APN
15-12-431-026
UPID
US28-2685419
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
1907
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Scratch Properties INC
Entity
Mailing address
7505 MADISON ST, FOREST PARK, IL 60130-1407
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$750,000
Scratch Properties INC
Christopher Fleming
Warranty Deed
—
Aug 2, 2013
$10,000
Patrick Fleming
Fleming,daniel
Warranty Deed
related
—
Sep 7, 2005
—
Fleming Six INC
—
Trustees Deed
related
$300,000 · Cosmopolitan Bank & Trust
Jul 9, 2002
$329,500
Christopher Fleming
Clark,loy & Joyce
Grant Deed
$337,000 · Cosmopolitan Bank & Trust
—
—
James J Vavrek
—
Deed Of Trust
related
$270,200 · Abn Amro Mortgage Group INC
—
—
Bryan Fabbri
—
Deed Of Trust
related
$68,800 · Webster Bank
—
—
James J Vavrek
—
Deed Of Trust
related
$33,700 · Abn Amro Mortgage Group INC
—
—
Christopher Fleming
—
Deed Of Trust
related
$576,083 · Park National Bank
—
—
Wafeek Aiyash
—
Deed Of Trust
related
$1,108,000 · Cole Taylor Bank
—
—
Polo Builders INC
—
Deed Of Trust
related
$225,000 · Community Bank Ravenswood
—
—
Christopher Fleming
—
Deed Of Trust
related
$825,000 · Forest Park Nat'l Bk
—
—
Fleming Six INC
—
Deed Of Trust
related
$95,000 · Cosmopolitan Bank & Trust
—
—
West Madison Investments LLC
—
Deed Of Trust
related
$2,345,000 · Amcore Bank
—
—
West Madison Investments LLC
—
Deed Of Trust
related
$3,250,000 · Bruce Hagshenas
—
—
Christopher Fleming
—
Deed Of Trust
related
$550,000 · Forest Park National Bank
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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