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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Retail space
948 Dundee Rd, Palatine, IL 60074-8329
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5115557
Property summary
AI-generated overview
The Shops of Palatine offers a fantastic retail opportunity in the vibrant city of Palatine, Illinois. This multi-tenant property, located at 948 Dundee Rd, zip code 60074, boasts a total of 4,410 square feet, currently featuring two suites. A significant 2,610 square feet of contiguous space is immediately available for lease, ideal for a variety of commercial uses, including restaurants. The flexible space can accommodate businesses requiring between 1,510 and 2,610 square feet. This prime location benefits from exceptional visibility and high foot traffic, situated amongst a thriving retail environment. Nearby established businesses include major retailers such as Walmart, Target, Jewel-Osco, Home Depot, McDonald's, and Starbucks, ensuring a strong customer base and significant brand synergy. The property is conveniently located in Palatine, IL, offering easy access for both customers and employees. This is an exceptional opportunity to establish or expand your business in a high-demand area with strong existing retail presence. Inquire today to learn more about leasing this exceptional retail space.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
APN
02-01-300-029
UPID
US28-5115557
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
$2.20M
Owner & transaction history
948 Dundee Palatine Il LLC · 3 yrs held
948 Dundee Palatine Il LLC
since 2022
Last sale
$2.2M
1 recorded transaction
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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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
$1,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (Dec 22 2022)
Last sale anchor
$2.20M
Dec 22 2022
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
$60,433
Tax year 2022
Assessed value
$211,005
Assessed 2022
Previous assessed
$175,000
+20.6% YoY
Effective rate
28.64%
On assessed value
Assessed land
$83,276
Assessed improvement
$127,729
Land market value
$333,104
Improvement market value
$510,916
Total market value
$844,020
Applied tax rate
29,172.0000
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
Stories
1
APN
02-01-300-029
UPID
US28-5115557
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
Stories
1
Current owner
From public records · entity-resolved
948 Dundee Palatine Il LLC
Entity
Mailing address
1025 OLD COUNTRY RD, WESTBURY, NY 11590-5645
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$2,200,000
948 Dundee Palatine Il LLC
Kc 1000 LLC
Special Warranty Deed
$1,495,000 · Marine Bank Springfield
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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