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Property profile & analytics
FOR SALE
Commercial land
7600 W 191St St, Tinley Park, IL 60487
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1906018
For Sale
$658,627
7600 W 191St St, Tinley Park, IL 60487
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1996
Total area
748 SF
Lot
36.04 ac (1,569,902 SF)
APN
19-09-01-300-020
UPID
US28-1906018
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
$2.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Gk Development Properties LLC · 1 yrs held
Gk Development Properties LLC
since 2025
Last sale
$2.6M
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 Tinley Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinley 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
$2,730,000
ML approach
$2,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.55M (Jan 30 2025)
Last sale anchor
$2.55M
Jan 30 2025
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
$3,476 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,214
Tax year 2023
Assessed value
$113,117
Assessed 2023
Previous assessed
$113,117
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$113,117
Applied tax rate
1,920.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1996
Heating
NONE
Total area
748 SF
Lot
36.04 ac (1,569,902 SF)
APN
19-09-01-300-020
UPID
US28-1906018
Jurisdiction
WILL
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
1996
Heating
NONE
Lot
36.04 ac
Current owner
From public records · entity-resolved
Gk Development Properties LLC
Entity
Mailing address
382 W 400TH N, VALPARAISO, IN 46385-7606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 6, 2026
—
Gk Development Properties LLC
—
Deed
related
$15,852,000 · Celtic Bank Corporation
Jan 30, 2025
$2,550,000
Gk Development Properties LLC
Mcdadd LLC
Warranty Deed
—
May 17, 2023
—
Mcdadd LLC
Darla S Kim
Deed
—
May 16, 2023
—
Mcdadd LLC
Chicago Title Land Trust Company
Deed
—
Apr 17, 2023
$370,000
Chicago Title Land Trust Compoany
Karen R Gray
Deed
—
Feb 18, 2020
—
Gray,karen R Trust
Karen A Gray
Quit Claim Deed
related
—
Dec 8, 2016
$4,500
Village Of Tinley Park
Kirn Arnold R JR Trust
Grant Deed
—
Sep 20, 2011
—
Kirn Arnold R JR Trust
Kirn Mary A Living Trust
Quit Claim Deed
related
—
Mar 18, 2011
—
Kirn Mary A Living Trust
Kirn Mary A Living Trust
Quit Claim Deed
related
—
Mar 30, 2006
—
Kirn Mary A Living Trust
Kirn,mary A
Quit Claim Deed
related
—
—
—
James F Gray
—
Deed Of Trust
related
$880,000 · Nlsb 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.
Try Rey
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