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Property profile & analytics
FOR LEASE
Office Spaces
231 S Frontage Rd, Willowbrook, IL 60527
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1004353
For Lease
1 / 2
$12 SF/Yr
231 S Frontage Rd, Willowbrook, IL 60527
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1981
Total area
80,661 SF
Lot
5.24 ac (228,254 SF)
Zoning code
I
APN
09-35-203-001
UPID
US28-1004353
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
-
MIR Appraisal Services, Inc. Real Estate Agency
-
PuroClean of Burr Ridge Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.08M
Blend (final)
Blend
$9.58M
Owner & transaction history
Ord Chicago Workspace Fd LLC · 3 yrs held
Ord Chicago Workspace Fd LLC
since 2023
Last sale
$9.7M
5 recorded transactions
Zoning & alternative use
I · Willowbrook, IL
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 Willowbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willowbrook 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
$8,575,000
ML approach
$8,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.58M
Range $8.62M – $10.54M · ±10% · vs last sale $9.65M (Jul 6 2023)
Last sale anchor
$9.65M
Jul 6 2023
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
$119 / 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
$77,257
Tax year 2023
Assessed value
$1,499,850
Assessed 2023
Previous assessed
$1,516,330
-1.1% YoY
Effective rate
5.15%
On assessed value
Assessed land
$637,460
Assessed improvement
$862,390
Land market value
$1,912,380
Improvement market value
$2,587,170
Total market value
$4,499,550
Applied tax rate
9,257.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1981
Heating
NONE
Stories
3
Total area
80,661 SF
Lot
5.24 ac (228,254 SF)
Zoning code
I
APN
09-35-203-001
UPID
US28-1004353
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Willowbrook, IL
Zoning I · permitted uses
I · Willowbrook, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willowbrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
3
Lot
5.24 ac
Current owner
From public records · entity-resolved
Ord Chicago Workspace Fd LLC
Entity
Mailing address
19000 W BLUEMOUND RD, BROOKFIELD, WI 53045-6073
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
$9,650,000
Ord Chicago Workspace Fd LLC
Karlyn Building Joint Venture LLC
Special Warranty Deed
$22,000,000 · First Business Bank
May 13, 2021
—
The Karlyn Building Joint Venture L
—
Deed
related
$3,400,000 · Jpmorgan Chase Bank NA
Apr 12, 2018
—
The Karlyn Building Joint Venture L
—
Deed
related
$3,000,000 · Jpmorgan Chase Bank NA
Aug 15, 2003
—
Karlyn Building Joint Venture
Karlyn Building Joint Venture
Quit Claim Deed
related
—
—
—
Karlyn Building Jv LLC
—
Loan Modification
related
$6,208,888 · Associated 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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