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Property profile & analytics
FOR LEASE
Office buildings
360 E 22Nd St, Lombard, IL 60148
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1124928
For Lease
1 / 2
$21 SF/Yr
360 E 22Nd St, Lombard, IL 60148
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
113,270 SF
Lot
6.44 ac (280,526 SF)
Zoning code
C
APN
06-20-304-017
UPID
US28-1124928
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
$10.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.92M
Blend (final)
Blend
$14.63M
Owner & transaction history
Operating Company LLC · 5 yrs held
Operating Company LLC
since 2021
Last sale
$15.7M
7 recorded transactions
Zoning & alternative use
C · Lombard, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.2M
+44.5%
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 Lombard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lombard 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
$19,235,000
ML approach
$10,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,035,000
Current use
COMMERCIAL (GENERAL)
$23,180,000
Change: +45% · Conversion: Easy
RETAIL STORES
$15,860,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$14.63M
Range $13.16M – $16.09M · ±10% · vs last sale $15.67M (Jan 15 2021)
Last sale anchor
$15.67M
Jan 15 2021
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
$129 / 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
$196,861
Tax year 2023
Assessed value
$2,448,060
Assessed 2023
Previous assessed
$2,329,710
+5.1% YoY
Effective rate
8.04%
On assessed value
Assessed land
$933,120
Assessed improvement
$1,514,940
Land market value
$2,799,360
Improvement market value
$4,544,820
Total market value
$7,344,180
Applied tax rate
6,011.0000
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
For Lease
Year built
1985
Heating
NONE
Total area
113,270 SF
Lot
6.44 ac (280,526 SF)
Zoning code
C
APN
06-20-304-017
UPID
US28-1124928
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Lombard, IL
Zoning C · permitted uses
C · Lombard, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lombard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.0M
COMMERCIAL (GENERAL)
Est. value
$23.2M
RETAIL STORES
Est. value
$15.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1985
Heating
NONE
Lot
6.44 ac
Current owner
From public records · entity-resolved
Operating Company LLC
Entity
Mailing address
400 CONTINENTAL BLVD STE #500, EL SEGUNDO, CA 90245-5078
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
$15,670,000
Operating Company LLC
Chirisa Lomabrd LLC
Special Warranty Deed
$277,500,000 · Whitney Bank
Jul 24, 2019
$10,000,000
Chirisa Lombard LLC
360 Associates LLC
Special Warranty Deed
$6,500,000 · Thorofare Asset Based Lending Reit
Feb 12, 2019
—
360 Associates LLC
—
Deed
related
$9,502,827 · Cibc Bk USA
Mar 14, 2017
—
360 Associates LLC
—
Deed
related
$10,133,787 · Privatebank & Tr
Dec 12, 2001
$14,895,000
360 Associates LLC
Lombard Property Investors
Grant Deed
$11,500,000 · Lasalle National Bank
—
—
360 Associates LLC
—
Loan Modification
related
$9,502,827 · Cibc Bk USA
—
—
360 Associates LLC
—
Loan Modification
related
$9,818,307 · Cibc Bk USA
—
—
360 Associates LLC
—
Deed Of Trust
related
$570,000 · Lasalle National Bank
—
—
Lombard Property Investors LP
—
Deed Of Trust
related
$14,500,000 · Bayerische Landesbank Girozent
—
—
Lawrence F Levy
—
Deed Of Trust
related
$10,583,014 · Bank Of America
—
—
360 Associates LLC
—
Loan Modification
related
$10,133,787 · Privatebank & Tr
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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