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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
140 Elk Trl, Carol Stream, IL 60188-9314
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2014304
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,773 SF
Lot
0.78 ac (33,977 SF)
Zoning code
C
APN
02-29-118-003
UPID
US28-2014304
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
-
Carol Stream Animal Hospital Veterinary Clinic
-
Carol Stream Animal Hospital: Morlock Sarah DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$361k
Blend (final)
Blend
$510k
Owner & transaction history
Two Elks LLC · 4 yrs held
Two Elks LLC
since 2021
Last sale
$450,000
5 recorded transactions
Zoning & alternative use
C · Carol Stream, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$625,000
+10.1%
Retail stores
$600,000
+5.3%
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
$540,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$565,000
Current use
MEDICAL BUILDING
$625,000
Change: +10% · Conversion: Easy
RETAIL STORES
$600,000
Change: +5% · Conversion: Easy
OFFICE BUILDING
$495,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $450k (Jul 14 2021)
Last sale anchor
$450k
Jul 14 2021
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
$184 / 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
$14,238
Tax year 2023
Assessed value
$159,350
Assessed 2023
Previous assessed
$163,970
-2.8% YoY
Effective rate
8.94%
On assessed value
Assessed land
$93,440
Assessed improvement
$65,910
Land market value
$280,320
Improvement market value
$197,730
Total market value
$478,050
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
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
2,773 SF
Lot
0.78 ac (33,977 SF)
Zoning code
C
APN
02-29-118-003
UPID
US28-2014304
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
COMMERCIAL (GENERAL) Current
Est. value
$565,000
MEDICAL BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$600,000
OFFICE BUILDING
Est. value
$495,000
COMMERCIAL (GENERAL) Current
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
Two Elks LLC
Entity
Mailing address
140 W ELK TRL, CAROL STREAM, IL 60188-9314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Two Elks LLC
—
Deed
related
$36,000 · Trustbank
Jun 27, 2025
—
Two Elks LLC
—
Deed
related
$312,500 · Trustbank
Jul 14, 2021
$450,000
Two Elks LLC
Cash Properties LLC
Special Warranty Deed
$405,000 · Us Bank NA
Jul 6, 2005
$580,000
Csah Properties LLC
Shire Gary M Trust
Grant Deed
$462,000 · Old Second National Bank
—
—
Csah Properties LLC
—
Deed Of Trust
related
$245,000 · Old Second National 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.
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