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Property profile & analytics
OFF-MARKET
Office buildings
340 Butterfield Rd Ste 2c Elmhurst, IL 60126-5042
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-5716337
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
3,927 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C
APN
06-14-319-009
UPID
US28-5716337
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
-
Oak Brook Dental Center Dental Office
-
Dr. Victoria Grannan-Manchen, DDS Dental Office
-
Summit League Gym & Fitness Center Sports Field & Court
-
Sensational Smiles Dental Office
-
Nickas Jeffrey a DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Butterfield Real Estate II LLC · 4 yrs held
Butterfield Real Estate II LLC
since 2022
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
C · Elmhurst, 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 Elmhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmhurst 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,609
Tax year 2023
Assessed value
$111,170
Assessed 2023
Previous assessed
$105,790
+5.1% YoY
Effective rate
5.05%
On assessed value
Assessed land
$36,360
Assessed improvement
$74,810
Land market value
$109,080
Improvement market value
$224,430
Total market value
$333,510
Applied tax rate
6,067.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Total area
3,927 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C
APN
06-14-319-009
UPID
US28-5716337
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Elmhurst, IL
Zoning C · permitted uses
C · Elmhurst, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmhurst. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Lot
2.16 ac
Current owner
From public records · entity-resolved
Butterfield Real Estate II LLC
Entity
Mailing address
340 W BUTTERFIELD RD STE 2D, ELMHURST, IL 60126-5042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$300,000
Butterfield Real Estate II LLC
Ravencroft Ventures LLC
Warranty Deed
—
Dec 6, 2011
—
Ravencroft Ventures LLC
—
Trustees Deed
related
$25,000 · American Chartered Bank
Dec 15, 2005
$460,000
Ravencroft Ventures LLC
Garetas LLC
Warranty Deed
$368,000 · Harris NA
Nov 15, 2004
$405,000
Garetas LLC
Esbjornson,donald & Jean
Warranty Deed
$320,000 · Bank One NA
Jan 29, 1998
$268,000
Donald Esbjornson
West Suburban Bank Trustee
Grant Deed
$270,000 · Citibank Fsb
—
—
Ravencroft Ventures LLC
—
Loan Modification
related
$50,000 · American Chartered Bank
—
—
Ravencroft Ventures LLC
—
Deed Of Trust
related
$307,500 · American Chartered Bank
—
—
Donald Esbjornson
—
Deed Of Trust
related
$126,000 · Illinois Small Business Growth
—
—
Ravencroft Ventures LLC
—
Deed Of Trust
related
$40,000 · American Chartered Bank
—
—
Ravencroft Venture LLC
—
Loan Modification
related
$50,000 · Mb Fin'l Bk
—
—
Ravencroft Ventures LLC
—
Loan Modification
related
$259,236 · Mb Fin'l Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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