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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Gas stations
7971 Golf Rd, Morton Grove, IL 60053-1040
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0938428
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1988
Total area
13,904 SF
Lot
0.6 ac (26,248 SF)
APN
09-13-100-034
UPID
US28-0938428
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
-
Car Wash Car Wash
-
ATM (J & T Mobil) Atm Cars
-
Frost HVAC Repair-Service-Inc Hardware & Home Improvement HVAC Service
-
Mobil Gas Station
-
Frost Heating & Cooling Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$1.82M
Owner & transaction history
J & T Morton Grove Real Estate LLC · 3 yrs held
J & T Morton Grove Real Estate LLC
since 2023
Last sale
$1.8M
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 Morton Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton Grove 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
$1,900,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.78M (Feb 17 2023)
Last sale anchor
$1.78M
Feb 17 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
$131 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$95,060
Tax year 2022
Assessed value
$368,341
Assessed 2022
Previous assessed
$328,714
+12.1% YoY
Effective rate
25.81%
On assessed value
Assessed land
$91,868
Assessed improvement
$276,473
Land market value
$367,472
Improvement market value
$1,105,892
Total market value
$1,473,364
Applied tax rate
22,054.0000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Total area
13,904 SF
Lot
0.6 ac (26,248 SF)
APN
09-13-100-034
UPID
US28-0938428
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
1988
Heating
NONE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
J & T Morton Grove Real Estate LLC
Entity
Mailing address
7971 GOLF RD, MORTON GROVE, IL 60053-1040
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$1,775,000
J & T Morton Grove Real Estate LLC
Caseys Retail Company
Special Warranty Deed
$1,056,250 · International Bank Of Chicago
Aug 26, 2022
—
Caseys Retail Company
Buchanan Energy N LLC
Quit Claim Deed
related
—
Aug 2, 2019
—
Buchanan Energy N LLC
—
Deed
related
$116,000,000 · Citizens Bk NA
Aug 14, 2014
—
Buchanan Energy N LLC
—
Grant Deed
related
$104,850,000 · Citizens Bk
Jan 6, 2011
$1,358,500
Buchanan Energy N LLC
Exxonmobil Oil Corp
Grant Deed
—
—
—
Buchanan Energy N LLC
—
Loan Modification
related
$116,000,000 · Citizens Bk NA
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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