149 Lincolnway North Aurora, IL 60542-5115
Entity Owned
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$505k
Range $455k – $556k (±10%)
Property ID
US28-0460592
Property summary
AI-generated overview
This exceptional 1-story, 6800+ sq ft office building, located at 149 S Lincolnway in North Aurora, IL (60542), presents a unique investment opportunity. Built in 1920 and extensively renovated in 2002, the property boasts a classic design with modern amenities. The building sits on a substantial 38,768.4 sq ft lot and features B-3 zoning. The upper level includes multiple private offices, a reception area, two updated bathrooms, and a kitchenette/breakroom. The lower level offers additional private offices, two updated restrooms, and a conference/meeting area. A large, private parking lot is also available. This versatile space is ideal for an owner-occupant or investor seeking a multi-tenant property. Its prime location, just minutes from I-88, ensures excellent accessibility and visibility. The property is currently vacant, providing immediate occupancy potential. APN: 15-04-426-021. Asking price: $525,000.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
3,242 SF
Lot
0.89 ac (38,768 SF)
APN
15-04-426-021
UPID
US28-0460592
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
-
Corporate Office
-
Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$360k
Blend (final)
Blend
$505k
Owner & transaction history
since 2025
3 recorded transactions
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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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$505k
Value range
$455k – $556k
±10% around blend
Estimated value / SF
$156 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$455k
blend $505k
$556k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,242 SF
Lot area
0.89 ac
Year built
1920
Stories
1
APN
15-04-426-021
Assessed value
$156,520
Annual tax
$13,114
3
Income approach: direct capitalization
Partial preview
Income approach indication
$620k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$670k
@ 6.5% CAP return
$620k
@ 7% CAP return
$575k
4
Sales comparison
Partial preview
Sales approach indication
$485k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.3 mi away · 4,188 SF
1.3 mi away · 2,782 SF
2.5 mi away · 3,892 SF
2.9 mi away · 3,600 SF
2.9 mi away · 3,019 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$505k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$173
-10%
Submarket 23 sales
$173
-10%
County 1000 sales
$154
+1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $156/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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 · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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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$157k
Move the market yield to see immediate price impact.
Value / SF
$48
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%
$10k
$197k
$141k
$110k
$11k
$219k
$157k
$122k
$12k
$241k
$172k
$134k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$600k
0.3 mi · Sep 2025 · $226/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,114
Tax year 2022
Assessed value
$156,520
Assessed 2022
Previous assessed
$145,722
+7.4% YoY
Effective rate
8.38%
On assessed value
Assessed land
$74,545
Assessed improvement
$81,975
Land market value
$223,635
Improvement market value
$245,925
Total market value
$469,560
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Stories
1
Total area
3,242 SF
Lot
0.89 ac (38,768 SF)
APN
15-04-426-021
UPID
US28-0460592
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
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.89 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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