Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18th Roosevelt Rd Lombard, IL 60148-4184

    • Medical Office Space
    • 2,600 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2020
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2727421
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Office Space

    Property Details for 18th Roosevelt Rd

    Year built
    1971
    Lot size
    0.17 lot acres
    Property size
    2,600 SF
    Zone code
    C
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    06-21-104-023
    APU
    621104023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9905
    Latitude
    41.8603
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,989
    $30,940
    $153,480
    $184,420
    -
    $92,820
    $460,440
    $553,260

    Comparable in this City

    • Value Estimation
      $10,470,000
      46,846 SF

      1801 Highland Ave

      MEDICAL BUILDING • 46,846 SF
      1801 Highland Ave, Lombard, IL 60148-4932
      View Details
    • Value Estimation by Request
      2,052 SF

      2340 Highland Ave Ste, Unit 150

      MEDICAL BUILDING • 2,052 SF
      2340 Highland Ave Ste, Lombard, IL 60148-5395
      View Details
    • Value Estimation by Request
      1,635 SF

      2340 Highland Ave Ste, Unit 370

      MEDICAL BUILDING • 1,635 SF
      2340 Highland Ave Ste, Lombard, IL 60148-5397
      View Details
    • Value Estimation by Request
      1,336 SF

      2340 Highland Ave Ste, Unit 350

      MEDICAL BUILDING • 1,336 SF
      2340 Highland Ave Ste, Lombard, IL 60148-7134
      View Details
    • Value Estimation by Request
      2,866 SF

      2340 Highland Ave Ste, Unit 300

      MEDICAL BUILDING • 2,866 SF
      2340 Highland Ave Ste, Lombard, IL 60148-5397
      View Details
    • Value Estimation by Request
      1,635 SF

      2340 Highland Ave Ste, Unit 220

      MEDICAL BUILDING • 1,635 SF
      2340 Highland Ave Ste, Lombard, IL 60148-7132
      View Details

    Similar Nearby for Sale

    • $1,050,000
      4,685 SF

      Lombard Office Building For Sale

      Prime Lombard office, 4,685 sq ft.
      6 St Charles Rd, Lombard, IL 60148
      View Details
    • Contact for pricing
      2,200 SF

      Updated Office Building For Sale

      Move-in ready office building with modern updates and ample parking.
      101 W 22Nd St, Lombard, IL 60148
      View Details
    • Contact for pricing

      Main Street Commercial Properties For Sale

      Two contiguous commercial properties on Main Street in Lombard, Illinois.
      619 S Main St, Lombard, IL 60148
      View Details
    • $359,000
      2,166 SF

      Lombard Office Building Investment

      2,166 SF vacant building in thriving Lombard business district.
      315 S Main St, Lombard, IL 60148
      View Details
    • Contact for pricing

      Lombard Office Space For Sale

      Office space for sale near Yorktown Mall and I-88.
      700 E Butterfield Rd, Lombard, IL 60148
      View Details
    • Contact for pricing

      Office Space at Butterfield Centre

      Office space for sale with upcoming renovations and many amenities.
      720 E Butterfield Rd, Lombard, IL 60148
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Lombard, IL

      Office space for rent in Lombard, Illinois.
      929 S Main St, Lombard, IL 60148
      View Details
    • $17 SF/Yr
      66,000 SF

      Lombard Office Space For Lease

      Prime Lombard office suites, various sizes available.
      450 22Nd St, Lombard, IL 60148
      View Details
    • Contact for pricing
      25,605 SF

      Prime Lombard Office Building

      25,605 SF Office - Sale/Lease
      455 Eisenhower Ln, Lombard, IL 60148
      View Details
    • Contact for pricing
      5,182 SF

      Office Space with Upgraded Amenities

      Office space for rent with modern upgrades and ample parking.
      1910 S Highland Ave, Lombard, IL 60148
      View Details
    • Contact for pricing

      Office Space Near I-355

      Office space available in Lombard, Illinois, near I-355.
      1000 Oak Creek Dr, Lombard, IL 60148
      View Details
    • Contact for pricing
      6,736 SF

      Renovated Office Space Available

      Extensively renovated office space with abundant parking and on-site amenities.
      1 E 22Nd St, Lombard, IL 60148
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18th Roosevelt Rd
    Lombard, IL 60148-4184
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!