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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Investment properties
232 Washington St Naperville, IL 60540-5361
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2186064
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1895
Construction
FRAME
Total area
6,325 SF
Lot
0.15 ac (6,534 SF)
Zoning code
B
APN
07-13-431-016
UPID
US28-2186064
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
-
Couture Vision (Bike/Boat/Book/etc) Store
-
Astrology Center Spiritual Center
-
Black Eye Group Llc Eye Care
-
Karisma Boutique Clothing & Fashion Store
-
Barber Haus Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Saburi Investment Group LLC · 13 yrs held
Saburi Investment Group LLC
since 2012
4 recorded transactions
Zoning & alternative use
B · Naperville, 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 Naperville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naperville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,370,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,355,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$130 / 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
$34,486
Tax year 2023
Assessed value
$398,330
Assessed 2023
Previous assessed
$368,820
+8.0% YoY
Effective rate
8.66%
On assessed value
Assessed land
$144,830
Assessed improvement
$253,500
Land market value
$434,490
Improvement market value
$760,500
Total market value
$1,194,990
Applied tax rate
7,214.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
4
Total area
6,325 SF
Lot
0.15 ac (6,534 SF)
Zoning code
B
APN
07-13-431-016
UPID
US28-2186064
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
B · Naperville, IL
Zoning B · permitted uses
B · Naperville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naperville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1895
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Saburi Investment Group LLC
Entity
Mailing address
328 POST OAK CIR, WEST CHICAGO, IL 60185-5902
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2012
$1,025,000
Saburi Investment Group LLC
Lange Frank A Trust
Warranty Deed
$666,250 · Wheaton Bk&tr
Dec 8, 2004
—
Lange Frank A Trust
Lange,frank A & Barbara P
Quit Claim Deed
related
—
Jan 14, 1998
$435,000
Lange,frank A
Berk Trust
Trustees Deed
$500,000 · Harris Bank Naperville
—
—
Saburi Investment Group LLC
—
Loan Modification
related
$1,507,750 · Wheaton Bk&tr
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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