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Property profile & analytics
OFF-MARKET
Retail space
9739 Irving Park Rd 41, Schiller Park, IL 60176-1938
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US28-2028405
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Lot
0.07 ac (3,125 SF)
APN
12-16-408-005
UPID
US28-2028405
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
-
Midwest Oil - Chicago Petromarts Oil & Natural Gas Company Gas Station
-
Klotz Environmental Products Environmental Consultant
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
Irfan Bhagat · 22 yrs held
Irfan Bhagat
since 2004
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 Schiller Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schiller 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
$13,716
Tax year 2022
Assessed value
$42,609
Assessed 2022
Previous assessed
$63,604
-33.0% YoY
Effective rate
32.19%
On assessed value
Assessed land
$13,476
Assessed improvement
$29,133
Land market value
$53,904
Improvement market value
$116,532
Total market value
$170,436
Applied tax rate
20,023.0000
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
1954
Heating
NONE
Stories
1
Lot
0.07 ac (3,125 SF)
APN
12-16-408-005
UPID
US28-2028405
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
1954
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Irfan Bhagat
Individual
Mailing address
9739 IRVING PARK RD, SCHILLER PARK, IL 60176-1938
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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 22, 2020
—
Irfan Bhagat
—
Deed
related
$900,000 · The Cadle Company
Jul 27, 2020
—
Irfan Bhagat
—
Deed
related
$900,000 · World Busn Lenders
Mar 8, 2017
—
Irfan Bhagat
—
Grant Deed
related
$1,270,000 · Bankfinancial NA
Nov 10, 2016
—
Irfan Bhagat
—
Deed
related
$1,000,000 · Mb Fin'l Bk
Sep 12, 2016
—
Irfan Bhagat
—
Deed
related
$232,527 · Heartland Bank & Trust Co
Aug 15, 2016
—
Irfan I Bhagat
—
Trustees Deed
related
$350,000 · American Chartered Bk
May 11, 2009
—
Irfan I Bhagat
—
Trustees Deed
related
$50,000 · Parkway Bank & Trust Co
Feb 25, 2004
$322,000
Irfan Bhagat
Klotz,tr
Grant Deed
$241,500 · Parkway Bank & Trust Co
—
—
Irfan Bhagat
—
Deed Of Trust
related
$100,000 · American Chartered Bank
—
—
Mohammed M Ahmed
—
Deed Of Trust
related
$133,000 · American Midwest Bk
—
—
Irfan Bhagat
—
Deed Of Trust
related
$500,000 · American Midwest Bk
—
—
Irfan Bhagat
—
Deed Of Trust
related
$900,000 · World Busn Lenders
—
—
Irfan Bhagat
—
Deed Of Trust
related
$232,527 · Heartland Bk
—
—
Irfan Bhagat
—
Loan Modification
related
$1,000,000 · Mb Fin'l Bk
—
—
Irfan Bhagat
—
Deed Of Trust
related
$800,000 · Bankfinancial NA
—
—
Irfan I Bhagat
—
Deed Of Trust
related
$264,000 · American Chartered Bk
—
—
Irfan Bhagat
—
Deed Of Trust
related
$10,000,000 · Cadle Co
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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