New search
Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office Spaces
2400 Ravine Way, Glenview, IL 60025-7652
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-2314031
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2000
Lot
3.71 ac (161,608 SF)
APN
04-22-404-007-1017
UPID
US28-2314031
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
-
Karen M. Patterson, PC Law Firm
-
The Center for Dental Healing Dental Office
-
Dr. Michael J. Clatch, PSY.D. Physician Medical Clinic
-
Nathaniel Hope LCSW, PLLC Family Counselor
-
Dr. James Laurie Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Ig Dental LLC · 3 yrs held
Ig Dental LLC
since 2023
Last sale
$887,500
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 Glenview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenview 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
$960,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $888k (May 31 2022)
Last sale anchor
$888k
May 31 2022
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
—
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
$36,616
Tax year 2022
Assessed value
$162,122
Assessed 2022
Previous assessed
$229,156
-29.3% YoY
Effective rate
22.59%
On assessed value
Assessed land
$76,257
Assessed improvement
$85,865
Land market value
$305,028
Improvement market value
$343,460
Total market value
$648,488
Applied tax rate
25,097.0000
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
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2000
Heating
NONE
Lot
3.71 ac (161,608 SF)
APN
04-22-404-007-1017
UPID
US28-2314031
Jurisdiction
COOK
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
2000
Heating
NONE
Lot
3.71 ac
Current owner
From public records · entity-resolved
Ig Dental LLC
Entity
Mailing address
2400 RAVINE WAYU600, GLENVIEW, IL 60025-7652
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
—
Clatch Property Management LLC
—
Deed
related
$450,000 · Somercon 504 INC
Jul 5, 2023
$515,000
Ig Dental LLC
Moderndental Corporation
Warranty Deed
$437,750 · Provide INC
Jul 27, 2022
$425,000
2440 Ravine Way LLC
Glenbrook Eye Associates LLC
Special Warranty Deed
$425,000 · Bank Of America NA
May 31, 2022
$887,500
Clatch Property Management LLC
G3 Holdings LLC
Special Warranty Deed
$945,500 · The Bancorp Bank
Mar 19, 2021
—
Sampatti LLC
—
Deed
related
$278,000 · Small Business Growth Corporation
Nov 3, 2020
$610,000
Sampatti LLC
Slds Property LLC
Warranty Deed
$335,000 · Huntington Nat'l Bk
Jul 28, 2017
—
Obrien Properties LLC
—
Deed
related
$396,000 · Grand Ridge Nat'l Bk
Jan 24, 2017
—
Monte G Luzadder
—
Deed
related
$250,000 · First American Bk
May 6, 2016
—
Monte G Luzadder
—
Deed
related
$470,000 · Live Oak Bkg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2400 Ravine Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
