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Property profile & analytics
OFF-MARKET
Retail space
7880 Lincoln Ave Skokie, IL 60077-3645
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1816098
Property summary
AI-generated overview
This exceptional 5,000-square-foot, two-story office building, constructed in 2000, enjoys a superb location in the heart of Skokie, Illinois. Situated at 7880 Lincoln Avenue, it offers unparalleled access to the vibrant downtown area, with its bustling Oakton Street and Lincoln Avenue/Niles Center Road corridor. The building's convenient proximity to key amenities is a significant advantage
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2000
Lot
0.14 ac (6,250 SF)
APN
10-28-210-017
UPID
US28-1816098
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
-
Jacob's Ceramic Studio, Inc. Dental 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
7880 N Lincoln LLC · 6 yrs held
7880 N Lincoln LLC
since 2019
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 Skokie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Skokie 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
$62,787
Tax year 2022
Assessed value
$201,419
Assessed 2022
Previous assessed
$107,641
+87.1% YoY
Effective rate
31.17%
On assessed value
Assessed land
$21,875
Assessed improvement
$179,544
Land market value
$87,500
Improvement market value
$718,176
Total market value
$805,676
Applied tax rate
24,026.0000
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
2000
Heating
NONE
Lot
0.14 ac (6,250 SF)
APN
10-28-210-017
UPID
US28-1816098
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
2000
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
7880 N Lincoln LLC
Entity
Mailing address
2236 AVENIDA SALVADOR, SAN CLEMENTE, CA 92672-3239
Ownership since
2019
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
Dec 31, 2019
$900,000
7880 N Lincoln LLC
Zj & S Partners LLC
Warranty Deed
—
Oct 6, 2014
$833,000
Zj & S Partners LLC
Bletnitsky,jacob & Irina
Grant Deed
—
Jul 14, 2009
—
Jacob Bletnitsky
—
Trustees Deed
related
$404,028 · American Chartered Bank
Feb 7, 2006
—
Jacob Bletnitsky
—
Deed Of Trust
related
$2,300,000 · International Bank Of Chicago
Jan 13, 2004
—
Jacob Bletnitsky
—
Deed Of Trust
related
$1,527,500 · First Bank & Trust Co Illinois
Sep 23, 2003
—
Jacob Bletnitsky
—
Deed Of Trust
related
$1,500,000 · Builders Bank
—
—
Jacob Bletnitsky
—
Deed Of Trust
related
$326,949 · First Midwest Bank
—
—
Jacob Bletnitsky
—
Deed Of Trust
related
$295,000 · First Midwest Bank
—
—
Jacob Bletnitsky
—
Deed Of Trust
related
$250,000 · Albany Bank & Trust Co NA
—
—
Jacob Bletnitsky
—
Deed Of Trust
related
$453,600 · First Midwest Bank
—
—
Jacob Bletnitsky
—
Deed Of Trust
related
$350,000 · International Bank Of Chicago
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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