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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Commercial real estate
227 Burlington Ave, Clarendon Hills, IL 60514-1173
Trust Owned
Absentee Owner
Free & Clear
Property ID
US28-5621581
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
6,800 SF
Lot
0.38 ac (16,553 SF)
APN
09-10-225-021
UPID
US28-5621581
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
$895k
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.27M
Owner & transaction history
Scott L Zahner Trust
Scott L Zahner Trust
since 2026
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+4.4%
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 Clarendon Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarendon Hills 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
$905,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$1,915,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,470,000
Current use
MEDICAL BUILDING
$1,530,000
Change: +4% · Conversion: Easy
RETAIL STORES
$1,465,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$1,220,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.35M (Jan 7 2026)
Last sale anchor
$1.35M
Jan 7 2026
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
$186 / 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
$22,404
Tax year 2023
Assessed value
$375,490
Assessed 2023
Previous assessed
$347,670
+8.0% YoY
Effective rate
5.97%
On assessed value
Assessed land
$209,070
Assessed improvement
$166,420
Land market value
$627,210
Improvement market value
$499,260
Total market value
$1,126,470
Applied tax rate
9,581.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Stories
2
Total area
6,800 SF
Lot
0.38 ac (16,553 SF)
APN
09-10-225-021
UPID
US28-5621581
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
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
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Scott L Zahner Trust
Trust
Free & Clear · 0 yrs held
Mailing address
27TH ROOSEVELT RD #1, WINFIELD, IL 60190-1611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
—
Scott L Zahner Trust
Zahner Scott
Deed
related
—
Jan 20, 2026
$1,483,000
Scott Zahner
223 225 Burlington LLC
Warranty Deed
$970,000 · Bank Of America NA
Jan 7, 2026
$1,350,000
James Fornaciari 2007 Trust
Burlington LLC
Warranty Deed
—
Dec 1, 2025
$1,450,000
Deborah L Hultquist Declaration Of
223 225 Burlington LLC
Warranty Deed
—
Nov 13, 2025
$1,350,000
Gary A Kory Declaration Of Trust
223 225 Burlington LLC
Warranty Deed
$900,000 · Crosscountry Mortgage LLC
Nov 5, 2025
—
225 Burlington LLC
223 225 Burlington LLC
Deed
related
—
Oct 30, 2025
$1,350,000
Susan J Davies 2003 Declaraton Of T
223 225 Burlington LLC
Warranty Deed
—
Oct 20, 2025
$1,350,000
Christopher Meyers
223 225 Burlington LLC
Warranty Deed
—
Oct 6, 2025
$865,000
Clarity Real Estate Holdings LLC
223 225 Burlington LLC
Warranty Deed
$830,000 · Heartland Bank & Trust Co
Mar 30, 2023
$850,000
Kendra Ourada
Holmes IV LLC
Warranty Deed
—
Feb 24, 2023
$1,050,000
223 225 Burlington LLC
Holmes IV LLC
Special Warranty Deed
—
Feb 3, 2023
$929,000
The Margaret Jurineack Revocable Tr
Holmes IV LLC
Warranty Deed
—
Dec 16, 2022
$1,049,000
John R Myers Revocable Living Trust
Holmes IV LLC
Warranty Deed
—
Nov 15, 2022
$956,500
John Pierce
Holmes IV LLC
Warranty Deed
—
Nov 15, 2022
—
John Pierce
John Pierce
Intrafamily Transfer
related
—
Aug 10, 2022
$605,000
Capital Estates Series LLC 225
Holmes IV LLC
Warranty Deed
—
Mar 28, 2022
$650,000
Stephen P Dockery
Holmes IV LLC
Warranty Deed
—
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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