New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,945,000
Retail space
799 Central Ave, Highland Park, IL 60035-5637
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1665961
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
BRICK
Total area
65,237 SF
Lot
2.8 ac (122,012 SF)
APN
16-23-307-156
UPID
US28-1665961
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
-
Ivy Rehab Physical Therapy Medical Clinic
-
Central BloBar Blow Dry Bar Hair Salon
-
T&T Nails Nail Salon
-
1880 Hospitality Corporate Office
-
Oneida Hospitality Group Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.92M
CAP Approach
CAP
$10.27M
Comparable Approach
Comparable
$9.34M
Blend (final)
Blend
$9.95M
Owner & transaction history
Keshet 799 Central Holdings LLC · 2 yrs held
Keshet 799 Central Holdings LLC
since 2023
Last sale
$9.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.8M
+42.7%
Auto repair, garage
$11.4M
+37.4%
Restaurant
$11.1M
+34.1%
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
$11,260,000
ML approach
$10,920,000
CAP Approach
CAP Return
Estimation
6%
$11,120,000
6.5%
$10,265,000
7%
$9,530,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,300,000
Current use
COMMERCIAL (GENERAL)
$11,840,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,405,000
Change: +37% · Conversion: Difficult
RESTAURANT
$11,130,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$7,895,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,300,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.95M
Range $8.95M – $10.94M · ±10% · vs last sale $9.60M (Aug 18 2023)
Last sale anchor
$9.60M
Aug 18 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
$152 / 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
$452,106
Tax year 2023
Assessed value
$3,555,801
Assessed 2023
Previous assessed
$4,960,343
-28.3% YoY
Effective rate
12.71%
On assessed value
Assessed land
$2,943,066
Assessed improvement
$612,735
Land market value
$8,830,081
Improvement market value
$1,838,389
Total market value
$10,668,470
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
NONE
Buildings
2
Total area
65,237 SF
Lot
2.8 ac (122,012 SF)
APN
16-23-307-156
UPID
US28-1665961
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
RETAIL STORES Current
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$11.4M
RESTAURANT
Est. value
$11.1M
OFFICE BUILDING
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
2004
Construction
BRICK
Heating
NONE
Buildings
2
Lot
2.8 ac
Current owner
From public records · entity-resolved
Keshet 799 Central Holdings LLC
Entity
Mailing address
191 N WACKER DR STE #1800, CHICAGO, IL 60606-1631
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Keshet 799 Central Holdings LLC
—
Deed
related
$13,500,000 · Northbrook Bank & Trust Co NA
Aug 18, 2023
$9,600,000
Keshet 799 Central Holdings LLC
799 Central Avenue 10175611 LLC
Special Warranty Deed
$700,000 · Sterling Bank
Aug 19, 2021
—
799 Central Avenue 10175611 LLC
Highland Park Associates LLC
Sheriffs Deed
related
—
May 17, 2017
—
Highland Park Associates LLC
—
Deed
related
$19,200,000 · Rialto Mortgage Finance LLC
Dec 6, 2006
$24,000,000
Highland Park Associates LLC
Tdc Highland Park LLC
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 799 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
