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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Retail space
305 En Ave, Villa Park, IL 60181-1224
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2123226
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
7,840 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C
APN
06-03-101-021
UPID
US28-2123226
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.27M
Owner & transaction history
Drive Time Auto Sales LLC · 2 yrs held
Drive Time Auto Sales LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C · Villa Park, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+20.2%
Commercial (general)
$1.6M
+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
$1,155,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,470,000
Current use
MEDICAL BUILDING
$1,765,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,605,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$1,270,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.30M (Sep 25 2023)
Last sale anchor
$1.30M
Sep 25 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
$162 / 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
$21,600
Tax year 2023
Assessed value
$275,860
Assessed 2023
Previous assessed
$262,520
+5.1% YoY
Effective rate
7.83%
On assessed value
Assessed land
$43,830
Assessed improvement
$232,030
Land market value
$131,490
Improvement market value
$696,090
Total market value
$827,580
Applied tax rate
6,260.0000
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
1960
Heating
NONE
Total area
7,840 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C
APN
06-03-101-021
UPID
US28-2123226
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
$1.5M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
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
1960
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Drive Time Auto Sales LLC
Entity
Mailing address
2502 E WESTWOOD CT, CARPENTERSVILLE, IL 60110-3361
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2023
—
Drive Time Auto Sales LLC
Naim Kattoum
Quit Claim Deed
related
—
Feb 22, 2023
$1,300,000
Naim Kattoum
Grit Sports LLC
Warranty Deed
$700,000 · Prairie Community Bank
Oct 25, 2021
—
Grit Sports LLC
—
Deed
related
$990,000 · Lakeside Bank
Nov 4, 2019
—
Grit Sports LLC
—
Deed
related
$885,000 · Itasca Bk&tr
Mar 3, 2017
$730,100
Grit Sports LLC
305 East North LLC
Warranty Deed
—
Feb 22, 2017
—
305 East North LLC
Zecevic,branko
Quit Claim Deed
related
—
Nov 26, 2013
—
Monty,titling Trust 1
Sheriff Of Dupage County
Trustees Deed
related
—
Apr 27, 1998
$535,000
Harris Bank Palatine NA Ttee
American Nat'l Bk & Tr Co Ttee
Grant Deed
related
$548,000 · Northwest Community Bank
—
—
Cadi Auto Wholesale INC
—
Deed Of Trust
related
$900,000 · American Chartered Bank
—
—
Grit Sports LLC
—
Loan Modification
related
$885,000 · Itasca Bk&tr
—
—
Harris Bank Palatine NA Ttee
—
Deed Of Trust
related
$500,000 · American Chartered Bank
—
—
Harris Bank Palatine NA Ttee
—
Deed Of Trust
related
$600,000 · Greatbank Algonquin
—
—
Trust 6923
—
Deed Of Trust
related
$100,000 · Greatbank NA
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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