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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Investment properties
217 Main St 9 Lombard, IL 60148-2629
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5867289
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1926
Total area
10,800 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C
APN
06-08-121-009
UPID
US28-5867289
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
$2.35M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.31M
Owner & transaction history
Mayflower Lombard LLC · 6 yrs held
Mayflower Lombard LLC
since 2020
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
C · Lombard, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+72.9%
Restaurant
$3.4M
+52.0%
Medical building
$2.4M
+10.1%
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 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
$2,370,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
$3,040,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,210,000
Current use
AUTO REPAIR, GARAGE
$3,820,000
Change: +73% · Conversion: Difficult
RESTAURANT
$3,360,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$2,435,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $1.98M (Feb 10 2020)
Last sale anchor
$1.98M
Feb 10 2020
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
$214 / 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
$34,524
Tax year 2023
Assessed value
$429,320
Assessed 2023
Previous assessed
$408,570
+5.1% YoY
Effective rate
8.04%
On assessed value
Assessed land
$18,680
Assessed improvement
$410,640
Land market value
$56,040
Improvement market value
$1,231,920
Total market value
$1,287,960
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1926
Heating
NONE
Total area
10,800 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C
APN
06-08-121-009
UPID
US28-5867289
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Lombard, IL
Zoning C · permitted uses
C · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RESTAURANT
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL 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
1926
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mayflower Lombard LLC
Entity
Mailing address
516 N OGDEN AVE #314, CHICAGO, IL 60642-6421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Feb 10, 2020
$1,975,000
Mayflower Lombard LLC
Sunny Namkung
Deed
$1,477,500 · Jpmorgan Chase Bank NA
Jan 13, 2012
—
Namkung Family Trust
Namkung,sunny & Hye J
Quit Claim Deed
related
—
Jan 9, 2007
$1,215,000
Sunny Namkung
Chicago Title Land Trust Co
Deed
$1,240,000 · Midamerica Bank Fsb
Jan 10, 2003
$362,500
Villa Park Trust & Sav Bk Ttee
Sci Illinois Services INC
Grant Deed
related
—
—
—
Sunny Namkus
—
Deed Of Trust
related
$3,180,000 · Tcf National Bank
—
—
Namkung Family Trust
—
Deed Of Trust
related
$875,000 · Andigo Cu
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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