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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Commercial real estate
2501 Army Trl Rd, Hanover Park, IL 60133-3001
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0113265
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
16,640 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C
APN
01-23-200-019
UPID
US28-0113265
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
-
Bascharon Dina DVM Veterinary Clinic
-
Care For Soul Inc Home Health Care Service
-
AA Raish Salon Hair Salon Nail Salon
-
Bascharon James DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.77M
Owner & transaction history
Mehta Realty INC · 4 yrs held
Mehta Realty INC
since 2021
7 recorded transactions
Zoning & alternative use
C · Hanover Park, 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 Hanover Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover Park 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%
$4,680,000
6.5%
$4,320,000
7%
$4,010,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,890,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±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
$226 / 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
$70,126
Tax year 2023
Assessed value
$823,830
Assessed 2023
Previous assessed
$802,870
+2.6% YoY
Effective rate
8.51%
On assessed value
Assessed land
$440,050
Assessed improvement
$383,780
Land market value
$1,320,150
Improvement market value
$1,151,340
Total market value
$2,471,490
Applied tax rate
1,015.0000
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
2008
Heating
NONE
Total area
16,640 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C
APN
01-23-200-019
UPID
US28-0113265
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Hanover Park, IL
Zoning C · permitted uses
C · Hanover Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$5.9M
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Lot
2.68 ac
Current owner
From public records · entity-resolved
Mehta Realty INC
Entity
Mailing address
11 WINTERBERRY CT, STREAMWOOD, IL 60107-2199
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
$500,000
Mehta Realty INC
Army Trail Road LLC
Warranty Deed
—
May 15, 2018
—
Radhi Priya INC
Radhi Priya INC
Quit Claim Deed
related
$2,085,555 · Midland States Bank
Jan 30, 2009
—
Radhi-priya INC
—
Trustees Deed
related
$100,000 · American Chartered Bank
Jul 17, 2006
—
Radhi-priya INC
Building Exchange Co Of Il
Quit Claim Deed
related
$2,663,000 · American Chartered Bank
Jan 26, 2006
$1,175,000
Building Exchange Co
Trust 1470
Grant Deed
—
Jan 9, 2003
$670,000
First National Bk Wheaton Ttee
Bascharon,tr
Grant Deed
related
—
—
—
Radhi-priya INC
—
Deed Of Trust
related
$2,700,000 · Advantage 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.
Try Rey
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