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Property profile & analytics
OFF-MARKET
Retail space
9225 131st St, Palos Park, IL 60464
Entity Owned
10-yr Hold
Free & Clear
Property ID
US28-1105022
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Lot
1.07 ac (46,609 SF)
APN
23-34-302-021
UPID
US28-1105022
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J & P Properties LLC · 10 yrs held
J & P Properties LLC
since 2015
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 Palos Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palos 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
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
$71,975
Tax year 2022
Assessed value
$239,426
Assessed 2022
Previous assessed
$239,426
+0.0% YoY
Effective rate
30.06%
On assessed value
Assessed land
$139,953
Assessed improvement
$99,473
Land market value
$559,812
Improvement market value
$397,892
Total market value
$957,704
Applied tax rate
30,042.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Lot
1.07 ac (46,609 SF)
APN
23-34-302-021
UPID
US28-1105022
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
2006
Heating
NONE
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
J & P Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
6801 ROOSEVELT RD, BERWYN, IL 60402-1019
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2016
—
J & P Properties LLC
—
Deed
related
$5,225,000 · Northbrook Bk&tr
Dec 4, 2015
$565,500
J & P Properties LLC
Loukota,james H
Grant Deed
—
Dec 4, 2015
$404,000
J & P Properties LLC
Stray Dog I LLC
Grant Deed
—
Dec 4, 2015
$4,240,000
J & P Properties LLC
Sargis LLC
Grant Deed
—
Dec 4, 2015
$353,500
J & P Properties LLC
Runaway Ents INC
Grant Deed
—
Dec 4, 2015
—
James H Loukota
Orland Park Ventures LLC
Grant Deed
related
—
Apr 30, 2012
$650,000
Orland Park Ventures LLC
Trust 8002356075
Grant Deed
—
Apr 27, 2012
$617,000
Trust 8002356075
V-land Orland Park 131st LLC
Quit Claim Deed
related
—
—
—
J & P Properties LLC
—
Deed Of Trust
related
$9,328,146 · Northbrook Bk&tr
—
—
J & P Properties LLC
—
Deed Of Trust
related
$4,195,000 · Somercor 504
—
—
Orland Park Ventures LLC
—
Deed Of Trust
related
$1,713,130 · Lakeside Bank
—
—
J & P Properties LLC
—
Loan Modification
related
$5,225,000 · Northbrook Bk&tr
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.
Try Rey
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