New search
Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Commercial real estate
2161 Bloomingdale Rd, Glendale Heights, IL 60139-1679
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-0150546
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,697 SF
Lot
0.69 ac (30,056 SF)
Zoning code
C
APN
02-22-413-008
UPID
US28-0150546
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
-
Essentials Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$635k
Owner & transaction history
77 Real Estate LLC · 6 yrs held
77 Real Estate LLC
since 2019
7 recorded transactions
Zoning & alternative use
C · Glendale Heights, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$835,000
+35.7%
Retail stores
$795,000
+29.8%
Office building
$670,000
+9.1%
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 Glendale Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale Heights 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$615,000
Current use
MEDICAL BUILDING
$835,000
Change: +36% · Conversion: Easy
RETAIL STORES
$795,000
Change: +30% · Conversion: Easy
OFFICE BUILDING
$670,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$172 / 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
$15,912
Tax year 2023
Assessed value
$167,820
Assessed 2023
Previous assessed
$181,580
-7.6% YoY
Effective rate
9.48%
On assessed value
Assessed land
$82,630
Assessed improvement
$85,190
Land market value
$247,890
Improvement market value
$255,570
Total market value
$503,460
Applied tax rate
2,095.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
3,697 SF
Lot
0.69 ac (30,056 SF)
Zoning code
C
APN
02-22-413-008
UPID
US28-0150546
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Glendale Heights, IL
Zoning C · permitted uses
C · Glendale Heights, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$615,000
MEDICAL BUILDING
Est. value
$835,000
RETAIL STORES
Est. value
$795,000
OFFICE BUILDING
Est. value
$670,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.69 ac
Current owner
From public records · entity-resolved
77 Real Estate LLC
Entity
Mailing address
2161 BLOOMINGDALE RD, GLENDALE HEIGHTS, IL 60139-1679
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
May 24, 2021
—
77 Real Estate LLC
—
Deed
related
$993,263 · Itasca Bank & Trust Co
Nov 14, 2019
$552,500
77 Real Estate LLC
Sung M Ho
Warranty Deed
$1,000,000 · Itasca Bk&tr
Sep 11, 2018
—
Man Sung
—
Deed
related
$410,000 · Bank Of Hope
Mar 4, 2011
—
Sung M Ho
—
Deed Of Trust
related
$1,415,955 · Mb Financial Bank NA
Mar 5, 2003
$850,000
Sung Man Ho
Labellarte,rocco A
Grant Deed
$750,000 · Mb Financial Bank NA
—
—
Labellarte Trust
—
Deed Of Trust
related
$585,000 · First Fed'l S & L Westchester
—
—
Lebellarte Trust
—
Deed Of Trust
related
$585,000 · Bloomingdale Bank & Trust
—
—
Sun M Ho
—
Deed Of Trust
related
$592,000 · West Suburban Bank
—
—
Man Sung
—
Deed Of Trust
related
$410,000 · Bank Of Hope
—
—
Sung M Ho
—
Deed Of Trust
related
$1,430,800 · Mb Financial Bank NA
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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