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Property profile & analytics
FOR SALE
Commercial real estate
403-405 S Lincolnway St, North Aurora, IL 60542
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-3183529
For Sale
1 / 4
$275,000
403-405 S Lincolnway St, North Aurora, IL 60542
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.9 ac (39,204 SF)
APN
15-09-277-023
UPID
US28-3183529
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kwala Property Management LLC · 1 yrs held
Kwala Property Management LLC
since 2025
Last sale
$225,000
7 recorded transactions
Zoning & alternative use
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 North Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Aurora 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,715
Tax year 2022
Assessed value
$44,341
Assessed 2022
Previous assessed
$41,282
+7.4% YoY
Effective rate
8.38%
On assessed value
Assessed land
$44,341
Land market value
$133,023
Total market value
$133,023
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
NONE
Lot
0.9 ac (39,204 SF)
APN
15-09-277-023
UPID
US28-3183529
Jurisdiction
KANE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Kwala Property Management LLC
Entity
Mailing address
191 ASHFIELD CT, BLOOMINGDALE, IL 60108-3010
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$225,000
Kwala Property Management LLC
Chicago Title Land Trust Company
Deed
—
Nov 12, 2019
—
Trust No 8002373472
—
Deed
related
$1,450,000 · Byline Bk
Nov 14, 2018
—
Chicago Title Land Trust Company
—
Deed
related
$1,235,000 · Byline Bank
Feb 9, 2017
—
Trust 8002373472
403-407 Lincoln LLC
Warranty Deed
—
May 20, 2013
$738,000
403-407 Lincoln LLC
North Aurora Land & Building L
Warranty Deed
—
Apr 7, 2011
—
Sadruddin Farida Trust
Sadruddin,farida
Quit Claim Deed
related
—
—
—
Sadruddin Farida Trust
—
Deed Of Trust
related
$400,000 · Lakhani Mansoorali S Trust
—
—
Trust No 8002373472
—
Loan Modification
related
$1,450,000 · Byline Bk
—
—
Sadruddin Farida Tr
—
Deed Of Trust
related
$12,410,256 · Mutual Bank
—
—
Sadruddin Farida Trust
—
Deed Of Trust
related
$700,000 · Lakhani Mansoorali S Trust
—
—
Nooruddin Sadruddin
—
Deed Of Trust
related
$1,040,000 · West Suburban Bank
—
—
Tejany Farida Trust
—
Deed Of Trust
related
$1,040,000 · West Suburban Bank
—
—
Sadruddin Farida Trust
—
Deed Of Trust
related
$200,000 · Abdul A Lalani
—
—
Sadruddin Farida Trust
—
Deed Of Trust
related
$900,000 · Zar Zahid
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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