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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Commercial real estate
22nd Army Trl Rd, Addison, IL 60101-1435
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2564574
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,020 SF
Lot
1.15 ac (50,094 SF)
Zoning code
R
APN
02-23-303-009
UPID
US28-2564574
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
$705k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Louis J Rodriguez · 1 yrs held
Louis J Rodriguez
since 2025
Last sale
$620,000
6 recorded transactions
Zoning & alternative use
R · Addison, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$715,000
+64.0%
Medical building
$455,000
+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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$745,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$435,000
Current use
AUTO REPAIR, GARAGE
$715,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: +4% · Conversion: Easy
RETAIL STORES
$435,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $620k (May 13 2025)
Last sale anchor
$620k
May 13 2025
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
$319 / 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
$7,580
Tax year 2023
Assessed value
$92,170
Assessed 2023
Previous assessed
$140,950
-34.6% YoY
Effective rate
8.22%
On assessed value
Assessed land
$58,230
Assessed improvement
$33,940
Land market value
$174,690
Improvement market value
$101,820
Total market value
$276,510
Applied tax rate
2,007.0000
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
2,020 SF
Lot
1.15 ac (50,094 SF)
Zoning code
R
APN
02-23-303-009
UPID
US28-2564574
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
R · Addison, IL
Zoning R · permitted uses
R · Addison, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING
Est. value
$455,000
RETAIL STORES
Est. value
$435,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL 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
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Louis J Rodriguez
Individual
Mailing address
1405 W BERNARD DR STE C, ADDISON, IL 60101-4341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 13, 2025
$620,000
Louis J Rodriguez
Anthony V Romano
Warranty Deed
—
Oct 6, 2023
$400,000
Anthony V Romano
Jrn Operating Company LLC
Warranty Deed
—
Aug 29, 2017
—
Jrn Operating Co LLC
—
Deed
related
$252,218 · Pnc Bk
Apr 10, 2012
—
Jrn Operating Co LLC
Nelson,raymond A & Janice S
Quit Claim Deed
related
—
—
—
Raymond A Nelson
—
Deed Of Trust
related
$340,000 · Pnc Bank
—
—
Jrn Operating Co LLC
—
Loan Modification
related
$252,218 · Pnc Bk
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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