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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Office buildings
1920 Highland Ave, Lombard, IL 60148-4766
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0910444
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
53,665 SF
Lot
2.23 ac (97,139 SF)
Zoning code
R-2
APN
06-20-301-031
UPID
US28-0910444
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
$2.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.67M
Owner & transaction history
Carriers Of Light · 2 yrs held
Carriers Of Light
since 2024
Last sale
$2.7M
6 recorded transactions
Zoning & alternative use
R-2 · Lombard, 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 Lombard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lombard 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
$2,670,000
ML approach
$2,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10% · vs last sale $2.67M (Apr 30 2024)
Last sale anchor
$2.67M
Apr 30 2024
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
$50 / 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
$69,064
Tax year 2023
Assessed value
$858,850
Assessed 2023
Previous assessed
$937,500
-8.4% YoY
Effective rate
8.04%
On assessed value
Assessed land
$288,590
Assessed improvement
$570,260
Land market value
$865,770
Improvement market value
$1,710,780
Total market value
$2,576,550
Applied tax rate
6,011.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Total area
53,665 SF
Lot
2.23 ac (97,139 SF)
Zoning code
R-2
APN
06-20-301-031
UPID
US28-0910444
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Lombard, IL
Zoning R-2 · permitted uses
R-2 · Lombard, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lombard. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Lot
2.23 ac
Current owner
From public records · entity-resolved
Carriers Of Light
Individual
Mailing address
1607 TAFT AVE, WHEATON, IL 60189-6971
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$2,670,000
Carriers Of Light
Ihp Highland LLC
Special Warranty Deed
$1,735,500 · Uif Corp
Jun 4, 2018
—
Ihp Highland LLC
—
Trustees Deed
related
$4,870,000 · Fifth Third Bk
May 19, 2015
$2,595,000
Ihp-highland LLC
Riversource Reo 1 LLC
Grant Deed
$4,494,000 · A10 Cap
Mar 18, 2014
—
Riversource Reo 1 LLC
1920 S Highland LLC
Quit Claim Deed
related
—
Oct 20, 2005
—
1920 S Highland Lombard LLC
Trust 97-7388
Grant Deed
$2,250,000 · Ids Life Insurance Co
—
—
1920 S Highland Lombard LLC
—
Deed Of Trust
related
$2,250,000 · Riversource Life Insurance
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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