Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    229 W Ogden Ave Naperville, IL 60563

    • Office buildings
    • 1,248 SF
    • 0.37 lot acres
    For Sale
    View listing
    $875,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2333077
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chicago West Myotherapy / Pain Control Clinic
    • Advanced Chinese Medicine & Acupuncture - Xin Zhang OMD L.Ac / Acupuncturist
    • ACT Chiropractic Center, Dr William Bojak / Chiropractor
    • Holistic Chiropractic & Healing Arts Center / Chiropractor / Acupuncturist
    • Kent Christianson / Chiropractor / Practitioner Service Location

    Property Details for 229 W Ogden Ave

    Year built
    1948
    Construction
    BRICK
    Lot size
    0.37 lot acres
    Property size
    1,248 SF
    Zone code
    R
    Property type
    Office buildings
    APN
    07-12-418-013
    APU
    712418013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1506
    Latitude
    41.7861
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,809
    $54,790
    $80,980
    $135,770
    -
    $164,370
    $242,940
    $407,310

    Comparable in this City

    • Value Estimation by Request
      1,334 SF

      1001 Washington St

      OFFICE BUILDING • 1,334 SF
      1001 Washington St, Naperville, IL 60563-2764
      View Details
    • Value Estimation
      $4,480,000
      24,192 SF

      Naperville Rd

      OFFICE BUILDING • 24,192 SF
      Naperville Rd, Naperville, IL 60563
      View Details
    • Value Estimation by Request
      2,054 SF

      959 Ogden Ave

      OFFICE BUILDING • 2,054 SF
      959 Ogden Ave, Naperville, IL 60563-2911
      View Details
    • Value Estimation by Request
      1,981 SF

      905 Main St

      OFFICE BUILDING • 1,981 SF
      905 Main St, Naperville, IL 60563-2631
      View Details
    • Value Estimation
      $13,155,000
      1,059,897 SF

      150 Warrenville Rd

      OFFICE (GENERAL) • 1,059,897 SF
      150 Warrenville Rd, Naperville, IL 60563-8473
      View Details
    • Value Estimation by Request
      2,751 SF

      1700 Park St Ste, Unit 107

      CONDOMINIUM OFFICES • 2,751 SF
      1700 Park St Ste, Naperville, IL 60563-2356
      View Details

    Similar Nearby for Sale

    • $875,000

      Highly Visible Office Space Available

      Two-story office building near downtown Naperville with high traffic visibility.
      849 N Ellsworth St, Naperville, IL 60563
      View Details
    • $875,000
      0.37 Acres

      Naperville Commercial Property For Sale

      High-visibility commercial property in Naperville, impeccably maintained with recent updates.
      229 W Ogden Ave, Naperville, IL 60563
      View Details
    • $6,550,000
      55,200 SF

      Naperville Office Building For Sale

      Office building in a vibrant retail corridor in Naperville, Illinois.
      1952 Mc Dowell Rd, Naperville, IL 60563
      View Details
    • Contact for pricing
      721,936 SF

      Sprawling Campus with Extensive Amenities

      75-acre campus with green space, fitness center, and collaboration areas.
      1415 W Diehl Rd, Naperville, IL 60563
      View Details
    • $875,000
      0.31 Acres

      Naperville Office Space For Sale

      Highly visible, renovated office building near downtown Naperville.
      849 N Ellsworth St, Naperville, IL 60563
      View Details
    • $540,270
      3,726 SF

      Naperville Office Condo For Sale

      Prime Naperville office, 3,726 sq ft
      1770 Park St, Naperville, IL 60563
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      1,400 SF

      Naperville Office Building For Rent

      Three-story office building with recent upgrades and signage opportunity.
      1755 Park St, Naperville, IL 60563
      View Details
    • $18 SF/Yr
      124,365 SF

      Modern Office Building in Naperville

      Versatile office space with convenient access and ample parking.
      1717 Park St, Naperville, IL 60563
      View Details
    • Contact for pricing
      5,233 SF

      Class A Office Space Available

      Premier office complex with amenities and easy access to I-88.
      3333 E Warrenville Rd, Naperville, IL 60563
      View Details
    • $12 SF/Yr
      2,140 SF

      Single-Story Office Building Available

      Single-story office building offering 2,140 square feet for lease.
      603 East Diehl Rd, Naperville, IL 60563
      View Details
    • $21 SF/Yr
      10,882 SF

      Naperville Office Space For Lease

      Office space for lease with convenient access to highways.
      1804 N Naper Blvd, Naperville, IL 60563
      View Details
    • $12 SF/Yr
      34,663 SF

      Naperville Office Center Investment

      Prime Naperville Office Space Available
      1811-1815 Diehl Rd, Naperville, IL 60563
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    229 W Ogden Ave
    Naperville, IL 60563
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.