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Property profile & analytics
OFF-MARKET
Retail space
8905 Commercial Ave Chicago, IL 60617-3202
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-0686732
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1911
Total area
3,500 SF
Lot
0.08 ac (3,500 SF)
APN
26-06-217-002
UPID
US28-0686732
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
-
Athletico Physical Therapy - South Chicago Physician
-
U.S. Bank ATM - South Chicago Atm
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
Exchangeright Net Leased Po 14 · 9 yrs held
Exchangeright Net Leased Po 14
since 2016
4 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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$38,767
Tax year 2022
Assessed value
$139,412
Assessed 2022
Previous assessed
$139,412
+0.0% YoY
Effective rate
27.81%
On assessed value
Assessed land
$4,812
Assessed improvement
$134,600
Land market value
$19,248
Improvement market value
$538,400
Total market value
$557,648
Applied tax rate
70,039.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1911
Heating
NONE
Stories
2
Total area
3,500 SF
Lot
0.08 ac (3,500 SF)
APN
26-06-217-002
UPID
US28-0686732
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
1911
Heating
NONE
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Po 14
Individual
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2016
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
Dec 30, 2016
$1,025,000
Exchangeright Net Leased Po 14
Gw South Commercial LLC
Trustees Deed
$28,110,000 · Bank Of America
Dec 30, 2016
—
Exchangeright Net Leased Po 14
Exchangeright Net Leased Po 14
Quit Claim Deed
related
$28,110,000 · Bank Of America
Aug 12, 2016
$400,000
Gw South Coml LLC
Us Bk National Assn
Quit Claim Deed
related
$6,000,000 · First Bk&tr Co Of Illinois
Jun 15, 2010
—
Us Bk
Park Natl Bk
Grant Deed
related
—
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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