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Property profile & analytics
OFF-MARKET
Motels
9400 Cicero Ave Alsip, IL 60803
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-2763206
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1993
Lot
0.34 ac (15,000 SF)
APN
24-34-105-002
UPID
US28-2763206
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
Saroor LLC · 11 yrs held
Saroor LLC
since 2015
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 Alsip submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alsip 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
$95,030
Tax year 2022
Assessed value
$218,422
Assessed 2022
Previous assessed
$218,422
+0.0% YoY
Effective rate
43.51%
On assessed value
Assessed land
$24,375
Assessed improvement
$194,047
Land market value
$97,500
Improvement market value
$776,188
Total market value
$873,688
Applied tax rate
39,035.0000
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
1993
Heating
NONE
Lot
0.34 ac (15,000 SF)
APN
24-34-105-002
UPID
US28-2763206
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
1993
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Saroor LLC
Entity
Mailing address
12801 S CICERO AVE, ALSIP, IL 60803-3001
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2019
—
Saroor LLC
—
Grant Deed
related
$2,300,000 · Countryside Bk
Feb 14, 2017
—
Saroor LLC
—
Grant Deed
related
$1,158,000 · Somercor 504
Jan 25, 2017
—
Saroor LLC
—
Loan Modification
related
$2,337,833 · Midland States Bk
Jun 5, 2015
$3,250,000
Saroor LLC
Revolutionary LLC
Grant Deed
$1,125,000 · Midland States Bk
Sep 18, 2007
$4,850,000
Revolutionary LLC
Trust 14646
Grant Deed
$4,081,000 · United Central Bank
Dec 31, 2002
—
First Illinois Motel Corp
—
Deed Of Trust
related
$9,300,000 · Tcf National 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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