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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Medical Office Space
218 Ogden Ave, Hinsdale, IL 60521-3354
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-5570902
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
3,527 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C
APN
09-01-117-001
UPID
US28-5570902
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
$630k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$433k
Blend (final)
Blend
$590k
Owner & transaction history
Kal Development Group LLC · 5 yrs held
Kal Development Group LLC
since 2021
Last sale
$555,000
6 recorded transactions
Zoning & alternative use
C · Hinsdale, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$920,000
+15.6%
Office building
$795,000
+0.4%
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 Hinsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hinsdale 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
$655,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Current use
COMMERCIAL (GENERAL)
$920,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$795,000
Change: +0% · Conversion: Easy
RETAIL STORES
$760,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $555k (Mar 10 2021)
Last sale anchor
$555k
Mar 10 2021
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
$167 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,587
Tax year 2022
Assessed value
$49,350
Assessed 2022
Previous assessed
$48,790
+1.1% YoY
Effective rate
5.24%
On assessed value
Assessed land
$48,340
Assessed improvement
$1,010
Land market value
$145,020
Improvement market value
$3,030
Total market value
$148,050
Applied tax rate
9,059.0000
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
Heating
NONE
Stories
1
Total area
3,527 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C
APN
09-01-117-001
UPID
US28-5570902
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Hinsdale, IL
Zoning C · permitted uses
C · Hinsdale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hinsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$920,000
OFFICE BUILDING
Est. value
$795,000
RETAIL STORES
Est. value
$760,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Kal Development Group LLC
Entity
Mailing address
1835 ELMORE AVE, DOWNERS GROVE, IL 60515-4429
Ownership since
2021
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
Mar 10, 2021
$555,000
Kal Development Group LLC
Anthony T Kremer
Special Warranty Deed
—
Dec 3, 2009
—
Kremer Anthony T Trust
Kremer,anthony T
Quit Claim Deed
related
—
Mar 5, 2008
$1,250,000
Anthony F Kremer
Arnold,frank W & Kathleen A
Warranty Deed
$1,250,000 · Hinsdale Bank & Trust Co
Dec 31, 2007
—
Frank W Arnold
Trust L-2142
Grant Deed
—
—
—
Kremer,anthony T Trus Trust
—
Deed Of Trust
related
$250,000 · Hinsdale Bk&tr
—
—
Kremer,anthony T Trust
—
Loan Modification
related
$250,000 · Hinsdale Bk&tr
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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