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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Retail space
298 Roosevelt Rd A, Villa Park, IL 60181-3505
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5274366
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
11,837 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C
APN
06-16-401-044
UPID
US28-5274366
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
-
Sal’s Beverage World Specialty Food Shop Wine and Liquor Store
-
Guitar Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.74M
Owner & transaction history
298a Roosevelt Rd LLC · 11 yrs held
298a Roosevelt Rd LLC
since 2014
7 recorded transactions
Zoning & alternative use
C · Villa Park, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+20.2%
Commercial (general)
$2.4M
+9.2%
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 Villa Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Villa 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,220,000
Current use
MEDICAL BUILDING
$2,665,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,420,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$1,920,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±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
$147 / 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
$45,884
Tax year 2023
Assessed value
$586,000
Assessed 2023
Previous assessed
$652,670
-10.2% YoY
Effective rate
7.83%
On assessed value
Assessed land
$157,120
Assessed improvement
$428,880
Land market value
$471,360
Improvement market value
$1,286,640
Total market value
$1,758,000
Applied tax rate
6,026.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
NONE
Total area
11,837 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C
APN
06-16-401-044
UPID
US28-5274366
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Villa Park, IL
Zoning C · permitted uses
C · Villa Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Villa Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2015
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
298a Roosevelt Rd LLC
Entity
Mailing address
6 OAK BRK CLB DR APT J101, OAK BROOK, IL 60523-1323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Dec 11, 2020
—
298a Roosevelt Rd LLC
—
Deed
related
$1,253,773 · American Bank & Trust Co
Aug 7, 2014
$1,000,000
298a Roosevelt Rd LLC
Itasca Bank & Trust Co
Deed
$1,000,000 · West Suburban Bank
Nov 7, 2008
$1,200,000
Trust 12418
Jung,fred R
Warranty Deed
$840,000 · Itasca Bank & Trust Co
Jan 17, 2002
$1,376,500
Fred R Jung
Vri LLC
Grant Deed
—
Jun 14, 2001
$1,136,500
Captec Vri LLC
Vicorp Restaurants INC
Trustees Deed
$13,723,637 · Heller Financial Leasing INC
Jun 14, 2001
—
Vicorp Restaurants INC
—
Deed Of Trust
related
$95,000,000 · Suntrust Bank Atlanta Ttee
—
—
298a Roosevelt Rd LLC
—
Deed Of Trust
related
$1,173,000 · Small Busn Growth
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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