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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office Spaces
117 2nd St Geneva, IL 60134-2711
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1871244
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1885
Total area
2,932 SF
Lot
0.1 ac (4,500 SF)
APN
12-03-478-004
UPID
US28-1871244
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
$560k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$555k
Owner & transaction history
Foursome Partners LLC · 4 yrs held
Foursome Partners LLC
since 2022
Last sale
$550,000
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 Geneva submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Geneva 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
$640,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $550k (Jun 10 2022)
Last sale anchor
$550k
Jun 10 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
$189 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,949
Tax year 2022
Assessed value
$137,500
Assessed 2022
Previous assessed
$132,390
+3.9% YoY
Effective rate
8.69%
On assessed value
Assessed land
$26,042
Assessed improvement
$111,458
Land market value
$78,126
Improvement market value
$334,374
Total market value
$412,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1885
Heating
NONE
Cooling
CENTRAL
Stories
2
Rooms
6
Total area
2,932 SF
Lot
0.1 ac (4,500 SF)
APN
12-03-478-004
UPID
US28-1871244
Jurisdiction
KANE
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
1885
Heating
NONE
Cooling
Yes
Stories
2
Rooms
6
Lot
0.1 ac
Current owner
From public records · entity-resolved
Foursome Partners LLC
Entity
Mailing address
1400 PARAMOUNT PKWY, BATAVIA, IL 60510-1463
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
$550,000
Foursome Partners LLC
Stephen M Cooper
Warranty Deed
—
Aug 30, 2019
—
Stephen M Cooper
—
Trustees Deed
related
$100,000 · State Bk/geneva
Dec 27, 2017
—
Stephen M Cooper
Cooper,richard T
Quit Claim Deed
related
—
Dec 29, 2006
—
Richard T Cooper
—
Trustees Deed
related
$250,000 · State Bank Of Geneva
Oct 20, 2006
—
Richard T Cooper
Cooper,richard T
Quit Claim Deed
related
—
Jan 27, 2000
—
Margaret E Blood
Cooper,richard L
Quit Claim Deed
related
—
—
—
Richard L Cooper
—
Deed Of Trust
related
$175,000 · State Bank Of Geneva
—
—
Richard T Cooper
—
Loan Modification
related
$275,000 · State Bk/geneva
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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