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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office Spaces
23 Lincolnway North Aurora, IL 60542-1635
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1880855
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,249 SF
Lot
0.41 ac (17,898 SF)
APN
15-04-206-017
UPID
US28-1880855
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
Current use
Occupant on record · Public records
-
Obregon Medical Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$391k
Blend (final)
Blend
$530k
Owner & transaction history
North Aurora Fire Protection Distri · 2 yrs held
North Aurora Fire Protection Distri
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Aurora 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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$575,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$163 / 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
$14,226
Tax year 2022
Assessed value
$169,788
Assessed 2022
Previous assessed
$158,075
+7.4% YoY
Effective rate
8.38%
On assessed value
Assessed land
$30,151
Assessed improvement
$139,637
Land market value
$90,453
Improvement market value
$418,911
Total market value
$509,364
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
3,249 SF
Lot
0.41 ac (17,898 SF)
APN
15-04-206-017
UPID
US28-1880855
Jurisdiction
KANE
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
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
North Aurora Fire Protection Distri
Individual
Mailing address
25 E STATE ST, NORTH AURORA, IL 60542-1668
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
—
North Aurora Fire Protection Distri
The Village Of North Aurora
Warranty Deed
—
Jan 17, 2023
—
Village Of North Aurora
Mlaj LLC
Warranty Deed
—
Jul 26, 2021
—
Kulczycki Enterprises LLC
Kulcorp LLP
Quitclaim Deed
related
$500,000 · Stronghill Capital LLC
Nov 17, 2020
$340,000
Mlaj LLC
Robert W Boer
Warranty Deed
$262,500 · Midland States Bank
Jul 1, 2011
$365,000
Robert W Boer
William A Schumacher
Warranty Deed
$205,000 · Amalgamated Bank Of Chicago
Apr 17, 2000
$317,000
William A Schumacher
Weible,william P
Grant Deed
$320,000 · Valley Community Bank
Aug 2, 1999
$282,500
William P Weible
Old Second Nat'l Bk Aurora
Grant Deed
—
—
—
Robert W Boer
—
Deed Of Trust
related
$171,000 · Small Business Growth Corp
—
—
William A Schumacher
—
Deed Of Trust
related
$275,000 · Old Second National Bank
—
—
William A Schumacher
—
Deed Of Trust
related
$300,000 · Valley Community Bank
—
—
William A Schumacher
—
Deed Of Trust
related
$500,000 · Old Second National Bank
—
—
William A Schumacher
—
Deed Of Trust
related
$80,650 · Old Second National Bank
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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