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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Parking lots & garages
8449 78th Ct, Justice, IL 60458-2333
Individually Owned
3-yr Hold
Free & Clear
Property ID
US28-0284234
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1950
Total area
1,305 SF
Lot
0.15 ac (6,596 SF)
APN
18-36-310-018
UPID
US28-0284234
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Adamska Vazquez · 3 yrs held
Adamska Vazquez
since 2023
Last sale
$480,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$560,000
+80.4%
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 Justice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Justice 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
$515,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$310,000
Current use
COMMERCIAL (GENERAL)
$560,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $480k (Mar 21 2023)
Last sale anchor
$480k
Mar 21 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
$383 / 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
$1,107
Tax year 2022
Assessed value
$3,079
Assessed 2022
Previous assessed
$3,079
+0.0% YoY
Effective rate
35.95%
On assessed value
Assessed land
$2,638
Assessed improvement
$441
Land market value
$26,380
Improvement market value
$4,410
Total market value
$30,790
Applied tax rate
21,078.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1950
Heating
NONE
Stories
2
Rooms
7
Bathrooms
2
Total area
1,305 SF
Lot
0.15 ac (6,596 SF)
APN
18-36-310-018
UPID
US28-0284234
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
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$310,000
COMMERCIAL (GENERAL)
Est. value
$560,000
PARKING LOT Current
COMMERCIAL (GENERAL)
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
1950
Heating
NONE
Stories
2
Rooms
7
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Adamska Vazquez
Individual
Free & Clear · 3 yrs held
Mailing address
8449 S 78TH CT, JUSTICE, IL 60458-2333
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$480,000
Adamska Vazquez
S Chalreton LLC
Warranty Deed
—
Nov 5, 2021
$53,000
S Chalreton LLC
Wojciech Kwak
Warranty Deed
—
Feb 23, 2017
—
Wojciech Kwak
Tylka,jozef
Quit Claim Deed
related
—
May 31, 2006
$150,500
Jan Kwak
Wells Fargo 2004-whq2
Grant Deed
—
Jan 4, 2006
—
Fargo Series 2004-whq2 Wells
Sheriff Of Cook County
Trustees Deed
related
—
—
—
Rudolph Knapp
—
Deed Of Trust
related
$60,800 · Mortgage Lenders Network USA
—
—
Rudolph Knapp
—
Deed Of Trust
related
$73,450 · First Franklin Financial Corp
—
—
Rudolph Kanpp
—
Deed Of Trust
related
$85,000 · First Franklin Financial Corp
—
—
Rudolph Knapp
—
Deed Of Trust
related
$19,000 · Beneficial Illinois INC
—
—
Rudolph Knapp
—
Deed Of Trust
related
$130,500 · Argent Mortgage Co LLC
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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