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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Office buildings
784 Central Ave, Highland Park, IL 60035-3233
Entity Owned
~
Est. High Equity
Property ID
US28-1301641
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
BRICK
Total area
15,602 SF
Lot
0.22 ac (9,500 SF)
APN
16-23-313-009
UPID
US28-1301641
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
-
Jbandstaffltd 6302587551 8572196695 Hair Salon Nail Salon
-
Basilios Tailors & Cleaners (Bike/Boat/Book/etc) Store
-
Tocco d'arte Hair Salon
-
B Beautiful Salon & Spa Hair Salon Nail Salon
-
J B & Staff Ltd Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.78M
Owner & transaction history
The Northwestern Capital INC
The Northwestern Capital INC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+49.9%
Auto repair, garage
$2.7M
+44.4%
Restaurant
$2.7M
+41.0%
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,890,000
Current use
COMMERCIAL (GENERAL)
$2,830,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,725,000
Change: +44% · Conversion: Difficult
RESTAURANT
$2,660,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$1,985,000
Change: +5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,745,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±10% · vs last sale $2.08M (Jun 4 2025)
Last sale anchor
$2.08M
Jun 4 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
$114 / 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
$48,916
Tax year 2023
Assessed value
$512,937
Assessed 2023
Previous assessed
$512,937
+0.0% YoY
Effective rate
9.54%
On assessed value
Assessed land
$230,161
Assessed improvement
$282,776
Land market value
$690,552
Improvement market value
$848,413
Total market value
$1,538,965
Applied tax rate
18,079.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
NONE
Total area
15,602 SF
Lot
0.22 ac (9,500 SF)
APN
16-23-313-009
UPID
US28-1301641
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
OFFICE BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1964
Construction
BRICK
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
The Northwestern Capital INC
Entity
Mailing address
784 CENTRAL AVE, HIGHLAND PARK, IL 60035-3233
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$2,080,000
The Northwestern Capital INC
Dbm Keystone & Company LLC
Special Warranty Deed
$1,560,000 · State Bank Of The Lakes
Mar 3, 2025
—
Dbm Keystone And Company LLC
—
Deed
related
$622,500 · American Metro Bank
Nov 20, 2024
—
Dm Keystone & Company LLC
—
Deed
related
$938,000 · Lake Forest Bank & Trust Co NA
Oct 17, 2024
—
Dbm Keystone & Company LLC
Beata Vaynberg
Warranty Deed
—
Oct 8, 2024
$300,000
Dbm Keystone & Company LLC
Chicago Title Land Trust Company
Deed
—
Jan 10, 2013
—
Lev Vaynberg Family LP
—
Trustees Deed
related
$50,000 · Lake Forest Bank & Trust Co
—
—
Trust 4828-hp
—
Deed Of Trust
related
$609,000 · Lake Forest Bank & Trust Co
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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