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Property profile & analytics
OFF-MARKET
Retail space
9211 Waukegan Rd Morton Grove, IL 60053-2102
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1583598
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Lot
0.07 ac (3,125 SF)
APN
10-18-107-019
UPID
US28-1583598
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
-
Smile Dentistry, P.C. Dental Office
-
Northshore Premier Primary Care - Dr. Alvia Sabahat Medical Clinic
-
Dr. Marjorie Alzona-Correa Dental Office
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
Musa Properties LLC · 6 yrs held
Musa Properties LLC
since 2019
7 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 Morton Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton Grove 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
$12,254
Tax year 2022
Assessed value
$47,152
Assessed 2022
Previous assessed
$60,524
-22.1% YoY
Effective rate
25.99%
On assessed value
Assessed land
$10,937
Assessed improvement
$36,215
Land market value
$43,748
Improvement market value
$144,860
Total market value
$188,608
Applied tax rate
24,019.0000
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
1960
Heating
NONE
Stories
1
Lot
0.07 ac (3,125 SF)
APN
10-18-107-019
UPID
US28-1583598
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
1960
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Musa Properties LLC
Entity
Mailing address
9213 WAUKEGAN RD, MORTON GROVE, IL 60053-2102
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
—
Musa Properties LLC
—
Deed
related
$500,000 · Parkway Bank & Trust Co
Aug 22, 2019
$199,000
Musa Properties LLC
Khan,saba
Warranty Deed
$139,300 · Parkway Bk
Nov 5, 2015
$150,000
Saba Khan
Botezatu,vlad
Warranty Deed
$90,000
Sep 3, 2015
—
Vlad Botezatu
Botezatu,dorina
Quit Claim Deed
related
—
Nov 14, 2007
—
Vlad Botezatu
Botezatu,sorin & Dorina
Quit Claim Deed
related
—
Jul 29, 2003
—
Sorin Botezatu
—
Trustees Deed
related
$671,000 · First Midwest Bank
Mar 13, 2001
—
Sorin Botezatu
Lasalle National Trust NA Ttee
Grant Deed
related
$665,000 · First Midwest 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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