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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Medical Office Space
152 Addison Ave Elmhurst, IL 60126-2821
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5836085
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
16,823 SF
Lot
0.43 ac (18,731 SF)
Zoning code
C
APN
06-02-220-008
UPID
US28-5836085
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
-
Laser Network LLC Medical Clinic Hospital
-
Duly Health and Care Pediatrician Medical Clinic
-
Dr. Marius Gradianu Ophthalmologist
-
Carol Chamblin Health Care Facility Registered General Nurse
-
Dr. Milap Mehta Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$3.11M
Owner & transaction history
Elmhurst Medical Center LLC · 21 yrs held
Elmhurst Medical Center LLC
since 2005
7 recorded transactions
Zoning & alternative use
C · Elmhurst, IL
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 Elmhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmhurst 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,790,000
Current use
RETAIL STORES
$3,625,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10%
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
$185 / 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
$114,534
Tax year 2023
Assessed value
$1,480,000
Assessed 2023
Previous assessed
$1,408,450
+5.1% YoY
Effective rate
7.74%
On assessed value
Assessed land
$225,250
Assessed improvement
$1,254,750
Land market value
$675,750
Improvement market value
$3,764,250
Total market value
$4,440,000
Applied tax rate
6,251.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Total area
16,823 SF
Lot
0.43 ac (18,731 SF)
Zoning code
C
APN
06-02-220-008
UPID
US28-5836085
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Elmhurst, IL
Zoning C · permitted uses
C · Elmhurst, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmhurst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.8M
RETAIL STORES
Est. value
$3.6M
MEDICAL BUILDING Current
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
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
Elmhurst Medical Center LLC
Entity
Mailing address
1009 FRST VW CT, NAPERVILLE, IL 60563-2248
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
—
Elmhurst Medical Center LLC
—
Deed
related
$685,000 · Bank Of America NA
Mar 5, 2021
—
Elmhurst Medical Center LLC
—
Deed
related
$3,606,201 · Bank Of America NA
Nov 19, 2019
—
Elmhurst Medical Center LLC
—
Deed
related
$3,000,000 · Cibc Bk USA
Jun 17, 2019
—
Elmhust Medical Center LLC
—
Deed
related
$1,800,000 · Cibc Bank USA
Feb 28, 2018
—
Elmhurst Center LLC
—
Deed
related
$748,060 · Cibc Bank USA
Oct 13, 2017
—
Elmhurst Medical Center LLC
—
Deed
related
$1,231,294 · Cibc Bank USA
Jul 20, 2017
—
Elmhurst Medical Center LLC
—
Deed
related
$1,830,000 · Privatebank & Tr
Mar 11, 2005
$1,500,000
Elmhurst Medical Center LLC
Trust 12291
Grant Deed
$1,240,000 · Amcore Bank
Jul 11, 2003
$700,000
West Suburban Bank Trustee
Holada,charles J JR
Grant Deed
related
$750,000 · Nlsb Bank
Jun 11, 1998
—
Charles J Holada
Holada,charles J
Quit Claim Deed
related
$113,900 · American Security Mortgage
—
—
Elmhurst Medical Center LLC
—
Deed Of Trust
related
$3,396,450 · Pnc Bank
—
—
Elmhurst Medical Center LLC
—
Loan Modification
related
$3,000,000 · Cibc Bk USA
—
—
Elmhurst Medical Center LLC
—
Deed Of Trust
related
$2,000,000 · Small Business Growth Corp
—
—
Elmhurst Medical Center LLC
—
Deed Of Trust
related
$2,070,000 · Privatebank & Tr
—
—
Elmhurst Medical Center LLC
—
Deed Of Trust
related
$1,830,000 · Privatebank & Tr
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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