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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Motels
933 Skokie Blvd Northbrook, IL 60062-4004
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2533227
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Lot
9.3 ac (405,108 SF)
APN
04-12-112-003
UPID
US28-2533227
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
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Illinois Finance Authority · 2 yrs held
Illinois Finance Authority
since 2023
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 Northbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northbrook 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
by Request
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
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
—
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
$831,027
Tax year 2022
Assessed value
$3,750,340
Assessed 2022
Previous assessed
$2,681,102
+39.9% YoY
Effective rate
22.16%
On assessed value
Assessed land
$1,165,142
Assessed improvement
$2,585,198
Land market value
$4,660,568
Improvement market value
$10,340,792
Total market value
$15,001,360
Applied tax rate
25,032.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1974
Heating
NONE
Lot
9.3 ac (405,108 SF)
APN
04-12-112-003
UPID
US28-2533227
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
1974
Heating
NONE
Lot
9.3 ac
Current owner
From public records · entity-resolved
Illinois Finance Authority
Entity
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Illinois Finance Authority
Village Of Northbrook
Assignment Of Deed
$26,389,726 · Arena Sirec Lender I LLC
Jan 20, 2021
—
Northbrook Nd Investments LLC
—
Deed
related
$14,300,000 · Tcf Nat'l Bk
Dec 28, 2020
—
Northbrook Nd Investments LLC
—
Deed
related
$5,000,000 · Tcf Nat'l Bk
Nov 11, 2020
—
Northbrook Nd Investments LLC
—
Deed
related
$30,600,000 · Tcf Nat'l Bk
Feb 28, 2020
—
Northbrook Nd Investments LLC
—
Deed
related
$30,600,000 · Tcf Nat'l Bk
Dec 10, 2019
—
Northbrook Nd Investments LLC
—
Deed
related
$16,300,000 · Tcf Nat'l Bk
May 25, 2017
$30,000,000
Northbrook Nd Investments LLC
Hi Trs LLC
Grant Deed
$29,800,000 · Tcf Nat'l Bk
Aug 19, 2010
—
Hi Trs LLC
North Shore Il LLC
Grant Deed
related
—
Feb 27, 2007
$23,000,000
North Shore Il LLC
Hi Trs LLC
Grant Deed
$35,000,000 · American General Life Ins
Oct 26, 2005
$39,764,000
Hi Chicago North Shore LLC
North Shore Hotel Assocs LLC
Grant Deed
related
—
Oct 26, 2001
$26,500,000
North Shore Hotel Associates
Skokie Boulevard Hotel Assoc
Grant Deed
$22,900,000 · Heller Financial
—
—
Northbrook Nd Investments LLC
—
Loan Modification
related
$16,300,000 · Tcf Nat'l Bk
—
—
Northbrook Nd Investments LLC
—
Loan Modification
related
$30,600,000 · Tcf Nat'l Bk
—
—
North Shore Hotel Assocs LLC
—
Deed Of Trust
related
$26,000,000 · Nationwide Life Insurance Co
—
—
Northbrook Nd Investments LLC
—
Loan Modification
related
$14,300,000 · Tcf Nat'l Bk
—
—
Northbrook Nd Investments LLC
—
Loan Modification
related
$5,000,000 · Tcf Nat'l Bk
—
—
Northbrook Nd Investments LLC
—
Loan Modification
related
$30,600,000 · Tcf Nat'l Bk
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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