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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Medical Office Space
1948 3rd Farms Ave, Naperville, IL 60540-1105
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1744681
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
9,900 SF
Lot
0.31 ac (13,504 SF)
Zoning code
C
APN
07-26-113-008
UPID
US28-1744681
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
-
Dr. Jamie Baines Pediatrician Physician
-
Rodney T Caniglia, MD Physician
-
Robert J Kany, MD Physician
-
Leonard S Piazza, MD Physician
-
McLorn Whitt, AuD. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Three Farms 1948 LLC · 7 yrs held
Three Farms 1948 LLC
since 2018
7 recorded transactions
Zoning & alternative use
C · Naperville, 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 Naperville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naperville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$117 / 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
$31,993
Tax year 2023
Assessed value
$478,500
Assessed 2023
Previous assessed
$434,760
+10.1% YoY
Effective rate
6.69%
On assessed value
Assessed land
$36,370
Assessed improvement
$442,130
Land market value
$109,110
Improvement market value
$1,326,390
Total market value
$1,435,500
Applied tax rate
7,030.0000
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
2003
Heating
NONE
Total area
9,900 SF
Lot
0.31 ac (13,504 SF)
Zoning code
C
APN
07-26-113-008
UPID
US28-1744681
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Naperville, IL
Zoning C · permitted uses
C · Naperville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naperville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Three Farms 1948 LLC
Entity
Mailing address
9440 ENTERPRISE DR, MOKENA, IL 60448-8321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2018
—
Three Farms 1948 LLC
Naperville 1964 LLC
Warranty Deed
—
Oct 20, 2016
$3,061,500
Naperville 1964 LLC
Naperville Medical Office Tmg LLC
Special Warranty Deed
$2,300,000 · First National Bank Of Omaha
Apr 11, 2013
$2,050,000
Naperville Medical Office Tmg
American Real Estate Investmen
Grant Deed
$1,400,000 · First American Bank
Feb 13, 2012
—
American Real Estate Investmen
Wilmar Dev Co
Deed In Lieu Of Foreclosure
related
—
Dec 23, 2003
—
Wilmar Development Co
Bay Scott Joint Venture
Deed Of Trust
related
$1,700,000 · Charter One Bank
Apr 18, 2003
—
Bay Scott Jv
—
Grant Deed
related
$4,000,000 · First American Savings Bank
Jul 31, 2002
—
Scott Joint Venture Bay
—
Trustees Deed
related
$3,800,000 · First American Savings Bank
—
—
Wilmar Dev Co
—
Deed Of Trust
related
$1,600,000 · First American Bank
—
—
Wilmar Dev Co
—
Deed Of Trust
related
$200,000 · Charter One
—
—
Three Farms 1948 LLC
—
Loan Modification
related
—
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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