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    Property profile & analytics

    390 Eola Rd Aurora, IL 60502-9112

    • Auto shops
    • 3,840 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2462295
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mike More Miles / Auto Repair Shop / Auto Machine Shop

    Property Details for 390 Eola Rd

    Year built
    1998
    Lot size
    0.66 lot acres
    Property size
    3,840 SF
    Zone code
    R-1
    Property type
    Auto shops
    APN
    07-20-300-007
    APU
    720300007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $241,000
      Market price range: $154k - $426k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2437
    Latitude
    41.7602
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,097
    $78,190
    $156,790
    $234,980
    -
    $234,570
    $470,370
    $704,940

    Comparable in this City

    • Value Estimation
      $295,000
      2,400 SF

      2944 Weber Dr

      AUTO REPAIR, GARAGE • 2,400 SF
      2944 Weber Dr, Aurora, IL 60502-9061
      View Details
    • Value Estimation
      $1,355,000
      3,900 SF

      3190 Aurora Rd

      AUTO REPAIR, GARAGE • 3,900 SF
      3190 Aurora Rd, Aurora, IL 60502-7011
      View Details
    • Value Estimation
      $3,230,000
      5,940 SF

      3050 New York St

      AUTO REPAIR, GARAGE • 5,940 SF
      3050 New York St, Aurora, IL 60502-9204
      View Details
    • Value Estimation
      $630,000
      29,617 SF

      2424 New York St

      AUTO REPAIR, GARAGE • 29,617 SF
      2424 New York St, Aurora, IL 60502-9432
      View Details
    • Value Estimation
      $350,000
      7,715 SF

      2888 New York St

      AUTO REPAIR, GARAGE • 7,715 SF
      2888 New York St, Aurora, IL 60502-9500
      View Details
    • Value Estimation
      $300,000
      3,826 SF

      2940 Weber Dr

      AUTO REPAIR, GARAGE • 3,826 SF
      2940 Weber Dr, Aurora, IL 60502-9061
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.56 Acres

      Aurora Car Wash Business for Sale

      High-volume, luxury car wash with strong financials.
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      High-Volume Car Wash Opportunity

      Newer car wash with high traffic and state-of-the-art facilities.
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    • $4,500,000
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      Aurora Commercial Land - 13.5 Acres

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    • $3,692,359
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      La Petite Academy NNN Asset

      10,425 SF NNN leased to La Petite Academy.
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    • New
      $425,000
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      Profitable Bar & Grill Business

      Turnkey bar and grill with video gaming in Aurora.
      444 N Eola Rd, Aurora, IL 60502
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    • Contact for pricing
      1.36 Acres

      Aurora Commercial Land - 1.36 Acres

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    Similar Nearby for Lease

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      1,765 SF

      Restaurant Spaces Near Outlet Mall

      Second-generation restaurant spaces with easy access to I-88.
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      Aurora Premium Outlet Opportunity

      Prime Retail Land, Multiple Spaces Available
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      3,080 SF

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      Prime Retail Space, High Traffic Area
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    • Contact for pricing
      14,883 SF

      Aurora Retail Center: Prime Location

      1,300 SF Available in Thriving Strip Mall
      1515 Butterfield Rd, Aurora, IL 60502
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    • Contact for pricing
      2,829 SF

      Retail Space in Aurora Center

      Retail space available in busy Aurora shopping center.
      1535 Butterfield Rd, Aurora, IL 60502
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    • Contact for pricing
      4,485 SF

      Anchored Shopping Center Space Available

      91,000 SF shopping center with shop space for rent.
      1137 N Eola Rd, Aurora, IL 60502
      View Details
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    390 Eola Rd
    Aurora, IL 60502-9112
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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