Entity Owned Property summary
AI-generated overview
This exceptional 275-square-foot executive or medical office suite is ideally located on the second floor of a well-maintained building in the heart of Downtown Downers Grove, Illinois. Completely renovated in 2014, this northeast-corner unit boasts a convenient waiting room and is situated near a shared kitchenette. The building offers numerous amenities, including an elevator, 51 parking spaces, and three convenient entryways. High-speed internet access is readily available with Comcast and AT&T wiring. Utilities are included in the monthly rent, making budgeting simple and predictable. This prime location provides easy access to major roadways, including Interstate 88 and Interstate 355, and offers excellent public transportation options via train and bus. Enjoy the convenience of being within walking distance of a park, vibrant downtown shops, and a variety of restaurants. The building is zoned DB and sits in DuPage County (zip code 60515). The building is two stories and was originally constructed in 1975. The electrical service exceeds 600 amps. This is a multi-tenant building with ample parking. This space is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Total area
15,695 SF
Lot
0.64 ac (27,878 SF)
Zoning code
C
APN
09-08-121-002
UPID
US28-1125229
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Dental Office
-
Construction Company General Contractor
-
Corporate Office Business Park
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.08M
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$490k
Owner & transaction history
since 2019
3 recorded transactions
Zoning & alternative use
C · Downers Grove, IL
Top alternative use upside
Restaurant
$4.9M
+26.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$490k
Value range
$441k – $539k
±10% around blend
Estimated value / SF
$31 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$441k
blend $490k
$539k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,695 SF
Lot area
0.64 ac
Year built
1973
Stories
3
APN
09-08-121-002
Zoning
C
Assessed value
$589,950
Annual tax
$39,713
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.08M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.42M
@ 6.5% CAP return
$4.08M
@ 7% CAP return
$3.79M
4
Sales comparison
Partial preview
Sales approach indication
$2.35M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.9 mi away · 15,025 SF
14.8 mi away · 12,100 SF
15.8 mi away · 15,074 SF
16.4 mi away · 12,558 SF
16.4 mi away · 17,090 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$490k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$247
-87%
Submarket 78 sales
$221
-86%
County 712 sales
$205
-85%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $31/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+26%
vs current-use indication
Commercial (general) · current use
Medical Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$590k
Move the market yield to see immediate price impact.
Value / SF
$38
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$37k
$743k
$531k
$413k
$41k
$826k
$590k
$459k
$45k
$909k
$649k
$505k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$2.20M
4.3 mi · Dec 2025 · $197/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$39,713
Tax year 2023
Assessed value
$589,950
Assessed 2023
Previous assessed
$578,380
+2.0% YoY
Effective rate
6.73%
On assessed value
Assessed land
$324,270
Assessed improvement
$265,680
Land market value
$972,810
Improvement market value
$797,040
Total market value
$1,769,850
Applied tax rate
9,584.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
3
Total area
15,695 SF
Lot
0.64 ac (27,878 SF)
Zoning code
C
APN
09-08-121-002
UPID
US28-1125229
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Downers Grove, ILZoning C · permitted uses
C · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
3
Lot
0.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Downers Grove, IL
Recorded code
C
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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