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Property profile & analytics
OFF-MARKET
Retail space
777 Busse Hwy, Park Ridge, IL 60068-2470
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2455596
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1958
Lot
0.49 ac (21,220 SF)
APN
09-27-210-079
UPID
US28-2455596
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
-
FedEx Drop Box Postal Service Courier Service
-
HUMAN RESOURCE DEVELOPMENT SERVICES (HRDS) INC. Association / Organization
-
Samuel R Lewis & Associates Inc Engineer
-
Ifanca Pakistan Halal Apex Private Ltd Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
777 Busse Highway LLC · 4 yrs held
777 Busse Highway LLC
since 2022
6 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 Park Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park Ridge 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$47,511
Tax year 2022
Assessed value
$182,692
Assessed 2022
Previous assessed
$141,040
+29.5% YoY
Effective rate
26.01%
On assessed value
Assessed land
$74,270
Assessed improvement
$108,422
Land market value
$297,080
Improvement market value
$433,688
Total market value
$730,768
Applied tax rate
22,031.0000
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
1958
Heating
NONE
Lot
0.49 ac (21,220 SF)
APN
09-27-210-079
UPID
US28-2455596
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
1958
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
777 Busse Highway LLC
Entity
Mailing address
1201 N DEE RD, PARK RIDGE, IL 60068-1705
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
—
777 Busse Highway LLC
—
Deed
related
$1,152,000 · Village Bank & Trust
Jun 3, 2022
—
777 Busse Highway LLC
Islamic Food & Nutrition Council Of
Warranty Deed
—
Mar 25, 2005
—
Islamic Food
Trust 11618
Grant Deed
related
—
Aug 3, 1998
—
Itasca Bank & Trust Co
Miller,robert L
Grant Deed
related
—
Jul 2, 1998
$400,000
Robert L Miller
Inland Press Foundation
Grant Deed
$480,000 · Money Store Investment Corp
—
—
Itasca Bank & Trust Co Ttee
—
Deed Of Trust
related
$450,000 · National City Bank Michigan/il
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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