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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Commercial real estate
309 Irving Park Rd Wood Dale, IL 60191-1357
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-5827383
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,893 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C
APN
03-09-302-030
UPID
US28-5827383
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
$730k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$730k
Owner & transaction history
309 W Irving Park Venture LLC · 2 yrs held
309 W Irving Park Venture LLC
since 2024
Last sale
$730,000
6 recorded transactions
Zoning & alternative use
C · Wood Dale, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+92.8%
Medical building
$650,000
+22.7%
Retail stores
$625,000
+17.4%
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 Wood Dale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wood Dale 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
$730,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
AUTO REPAIR, GARAGE
$1,025,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: +23% · Conversion: Easy
RETAIL STORES
$625,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$520,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $730k (Apr 16 2024)
Last sale anchor
$730k
Apr 16 2024
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
$252 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,908
Tax year 2023
Assessed value
$337,950
Assessed 2023
Previous assessed
$305,010
+10.8% YoY
Effective rate
7.37%
On assessed value
Assessed land
$119,980
Assessed improvement
$217,970
Land market value
$359,940
Improvement market value
$653,910
Total market value
$1,013,850
Applied tax rate
3,044.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
2,893 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C
APN
03-09-302-030
UPID
US28-5827383
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Wood Dale, IL
Zoning C · permitted uses
C · Wood Dale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wood Dale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$625,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.52 ac
Current owner
From public records · entity-resolved
309 W Irving Park Venture LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1ST SMT AVE STE #150, OAKBROOK TERRACE, IL 60181-3952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 16, 2024
$730,000
309 W Irving Park Venture LLC
Gjv LLC
Special Warranty Deed
—
Sep 25, 2017
—
Tri City Foods Of Illinois INC
—
Loan Modification
related
$257,500,000 · Wells Fargo Bk
Dec 12, 2014
—
Tri City Foods Of Illinois INC
—
Grant Deed
related
$146,000,000 · Wells Fargo Bk
Jul 2, 2004
$1,353,500
Gjv LLC
Crc Chicago Bk III LLC
Grant Deed
$650,000 · Us Bank NA
Mar 16, 2004
$1,130,500
Crc Chicago Bk III LLC
Bnb Land Venture INC
Grant Deed
related
—
Mar 16, 2004
—
Crc Chicago Bk III LLC
—
Deed Of Trust
related
$9,109,802 · Pullman Bank & Trust 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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