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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Investment properties
35 Washington St Naperville, IL 60540-5458
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1972638
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2003
Total area
23,401 SF
Lot
0.2 ac (8,712 SF)
Zoning code
B
APN
07-13-419-017
UPID
US28-1972638
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
-
Near 2Me Self Storage Units Storage Facility
-
Nick Morse at Rate (NMLS #190928) Loan Service Bank
-
Maureen Lein at Rate (NMLS #800503) Loan Service Bank
-
Guaranteed Rate Loan Service Bank
-
Charles Zofkie at Rate (NMLS #224547) Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
K2 Development LLC · 25 yrs held
K2 Development LLC
since 2001
7 recorded transactions
Zoning & alternative use
B · Naperville, 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 Naperville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naperville 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
$128 / 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
$137,751
Tax year 2023
Assessed value
$1,591,100
Assessed 2023
Previous assessed
$1,608,670
-1.1% YoY
Effective rate
8.66%
On assessed value
Assessed land
$177,700
Assessed improvement
$1,413,400
Land market value
$533,100
Improvement market value
$4,240,200
Total market value
$4,773,300
Applied tax rate
7,214.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2003
Heating
NONE
Total area
23,401 SF
Lot
0.2 ac (8,712 SF)
Zoning code
B
APN
07-13-419-017
UPID
US28-1972638
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
B · Naperville, IL
Zoning B · permitted uses
B · Naperville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naperville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
K2 Development LLC
Entity
Mailing address
7TH BERRY CT, NAPERVILLE, IL 60540-6252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Jan 9, 2017
—
K2 Dev LLC
—
Deed
related
$3,400,000 · Bank Of America
Feb 12, 2003
—
K2 Development LLC
—
Trustees Deed
related
$3,000,000 · Benchmark Bank
Apr 11, 2001
$850,000
K2 Development LLC
Dudley Trust
Grant Deed
$680,000 · Benchmark Bank
—
—
K2 Dev LLC
—
Deed Of Trust
related
$3,799,900 · Bank Of America
—
—
K2 Dev LLC
—
Deed Of Trust
related
$3,644,787 · Kozlowski Dev Co INC
—
—
K2 Dev LLC
—
Loan Modification
related
$3,400,000 · Bank Of America
—
—
K2 Dev LLC
—
Deed Of Trust
related
$4,300,000 · Kozlowski Dev Co INC
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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