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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
824 Central Ave, Highland Park, IL 60035-3218
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1846684
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
BRICK
Total area
5,328 SF
Lot
0.36 ac (15,682 SF)
APN
16-23-313-024
UPID
US28-1846684
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
-
Isaiah Garage Door Co. Department Store
-
Lakewood Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$750k
Owner & transaction history
J W Properties & International LLC · 1 yrs held
J W Properties & International LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+42.7%
Auto repair, garage
$930,000
+37.4%
Restaurant
$910,000
+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
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
RETAIL STORES
$680,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$930,000
Change: +37% · Conversion: Difficult
RESTAURANT
$910,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$645,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
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
$141 / 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
$40,276
Tax year 2023
Assessed value
$403,955
Assessed 2023
Previous assessed
$403,955
+0.0% YoY
Effective rate
9.97%
On assessed value
Assessed land
$307,407
Assessed improvement
$96,548
Land market value
$922,313
Improvement market value
$289,673
Total market value
$1,211,986
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
1994
Construction
BRICK
Heating
NONE
Total area
5,328 SF
Lot
0.36 ac (15,682 SF)
APN
16-23-313-024
UPID
US28-1846684
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
$680,000
COMMERCIAL (GENERAL)
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$930,000
RESTAURANT
Est. value
$910,000
OFFICE BUILDING
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
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
1994
Construction
BRICK
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
J W Properties & International LLC
Entity
Mailing address
806 N CENTRAL AVE STE 104B, HIGHLAND PARK, IL 60035-5613
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
J W Properties & International LLC
Dbm Keystone & Company LLC
Warranty Deed
$1,300,000 · First Community Cu
Mar 21, 2022
$1,100,000
Dbm Keystone & Company LLC
Chicago Title Land Trust Company
Deed
$665,000 · American Metro Bank
Jan 10, 2013
—
Lev Vaynberg Family LP
—
Trustees Deed
related
$50,000 · Lake Forest Bank & Trust Co
—
—
Trust 4829-hp
—
Deed Of Trust
related
$536,000 · 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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