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Property profile & analytics
FOR LEASE
Commercial real estate
1021 Fountain View Dr, Carol Stream, IL 60188
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-2803277
For Lease
1 / 2
$4,350,000
1021 Fountain View Dr, Carol Stream, IL 60188
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,596 SF
Lot
1.22 ac (53,143 SF)
Zoning code
C
APN
02-20-305-049
UPID
US28-2803277
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
$4.35M
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$4.35M
Owner & transaction history
Royal Arbor Realty LLC
Royal Arbor Realty LLC
since 2025
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
C · Carol Stream, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.5M
+72.9%
Restaurant
$3.9M
+52.0%
Medical building
$2.8M
+10.1%
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 Carol Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carol Stream 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
$4,350,000
ML approach
$4,350,000
CAP Approach
CAP Return
Estimation
6%
$3,545,000
6.5%
$3,270,000
7%
$3,035,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,455,000
Change: +73% · Conversion: Difficult
RESTAURANT
$3,915,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$2,835,000
Change: +10% · Conversion: Easy
RETAIL STORES
$2,715,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$4.35M
Range $3.92M – $4.79M · ±10% · vs last sale $4.35M (Jul 25 2024)
Last sale anchor
$4.35M
Jul 25 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
$345 / 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
$48,582
Tax year 2023
Assessed value
$543,730
Assessed 2023
Previous assessed
$491,244
+10.7% YoY
Effective rate
8.93%
On assessed value
Assessed land
$150,990
Assessed improvement
$392,740
Land market value
$452,970
Improvement market value
$1,178,220
Total market value
$1,631,190
Applied tax rate
2,046.0000
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
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
12,596 SF
Lot
1.22 ac (53,143 SF)
Zoning code
C
APN
02-20-305-049
UPID
US28-2803277
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Carol Stream, IL
Zoning C · permitted uses
C · Carol Stream, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carol Stream. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.5M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.22 ac
Current owner
From public records · entity-resolved
Royal Arbor Realty LLC
Entity
Mailing address
718 N OGDEN AVE #100, DOWNERS GROVE, IL 60515-2957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 23, 2025
$2,600,000
Royal Arbor Realty LLC
Indvestia Carol Stream LLC
Special Warranty Deed
$2,289,000 · Greenstate Cu
Jul 25, 2024
$4,350,000
Indvestia Carol Stream LLC
S & K Carol Stream LLC
Special Warranty Deed
$1,914,000 · Stillman Banccorp NA
Jun 17, 2013
—
S & K Carol Stream West LLC
Chung K J Trust
Quit Claim Deed
related
—
Mar 24, 2010
—
Chung Kyung J Trust
Chung,kyung J & Soon M
Quit Claim Deed
related
—
—
—
S & K Carol Stream West LLC
—
Deed Of Trust
related
$2,200,000 · Golden Eagle Community Bank
—
—
S & K Carol Stream West LLC
—
Deed Of Trust
related
$2,999,793 · Golden Eagle Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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