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Property profile & analytics
OFF-MARKET
Community centers
8515 Harlem Ave, Burbank, IL 60459-2293
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-2496056
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Lot
2.07 ac (90,169 SF)
APN
19-31-312-031
UPID
US28-2496056
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
-
Al-Aqsa Supermarket Grocery & Convenience Store Food Market
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
8505-8537 S Harlem LLC · 12 yrs held
8505-8537 S Harlem LLC
since 2014
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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$288,051
Tax year 2022
Assessed value
$746,951
Assessed 2022
Previous assessed
$746,951
+0.0% YoY
Effective rate
38.56%
On assessed value
Assessed land
$247,907
Assessed improvement
$499,044
Land market value
$991,628
Improvement market value
$1,996,176
Total market value
$2,987,804
Applied tax rate
36,004.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Heating
NONE
Lot
2.07 ac (90,169 SF)
APN
19-31-312-031
UPID
US28-2496056
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
1985
Heating
NONE
Lot
2.07 ac
Current owner
From public records · entity-resolved
8505-8537 S Harlem LLC
Entity
Mailing address
312 TRINITY LN, OAK BROOK, IL 60523-2557
Ownership since
2014
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
Apr 11, 2019
—
8505-8537 S Harlem LLC
—
Grant Deed
related
$5,550,000 · Jp Morgan Chase Bk
Feb 4, 2014
—
8505-8537 S Harlem LLC
Trust 99-8147
Grant Deed
related
$6,750,000 · Northern Tr
Jul 3, 2008
—
Jim Apostolou
—
Deed Of Trust
related
$6,300,000 · Northern Trust Co
Oct 17, 2003
—
Cole Taylor Bank Trustee
—
Deed Of Trust
related
$4,080,000 · National City Bank Michigan/il
Jun 10, 2002
—
Cole Taylor Bank Ttee
—
Deed Of Trust
related
$2,850,000 · National City Bank Michigan/il
Mar 17, 1999
$2,460,000
Cole Taylor Bank Trustee
Old Kent Bank Trustee
Grant Deed
related
$1,987,500 · Cole Taylor Bank
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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