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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Medical Office Space
4121 Fairview Ave, Downers Grove, IL 60515-2264
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1419357
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
12,800 SF
Lot
0.61 ac (26,572 SF)
Zoning code
C
APN
09-04-110-011
UPID
US28-1419357
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
-
Dentique Dental Dental Office
-
Syed Zainulabudd MD Physician
-
Midwest Cardiac Consultants Physician
-
Northern Illinois Foot & Ankle Specialists Physician
-
S S Medical Services Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.02M
Owner & transaction history
Mmt Realty LLC · 5 yrs held
Mmt Realty LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C · Downers Grove, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+9.6%
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 Downers Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downers Grove 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
$2,075,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
$2,825,000
6.5%
$2,610,000
7%
$2,420,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,885,000
Current use
COMMERCIAL (GENERAL)
$3,160,000
Change: +10% · Conversion: Easy
RETAIL STORES
$2,760,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±10% · vs last sale $1.75M (Mar 31 2021)
Last sale anchor
$1.75M
Mar 31 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
$158 / 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
$39,684
Tax year 2023
Assessed value
$667,600
Assessed 2023
Previous assessed
$498,800
+33.8% YoY
Effective rate
5.94%
On assessed value
Assessed land
$131,380
Assessed improvement
$536,220
Land market value
$394,140
Improvement market value
$1,608,660
Total market value
$2,002,800
Applied tax rate
9,026.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Stories
2
Total area
12,800 SF
Lot
0.61 ac (26,572 SF)
Zoning code
C
APN
09-04-110-011
UPID
US28-1419357
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Downers Grove, IL
Zoning C · permitted uses
C · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downers Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.8M
MEDICAL 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
1987
Heating
NONE
Stories
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Mmt Realty LLC
Entity
Mailing address
3327 FARMGATE DR, NAPERVILLE, IL 60564-5930
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
$1,750,000
Mmt Realty LLC
Bank Of America NA
Deed
$1,400,000 · First Federal Savings Bank
Feb 9, 2015
—
Trust 1331214
Cornerstone Alliance LLC-ogden
Warranty Deed
—
Oct 11, 2007
—
Cornerstone Alliance LLC-ogden
Trust 117393-07
Grant Deed
—
Oct 11, 2007
$2,600,000
Cornestone Alliance LLC Ogden Fairv
The Fairview Ogden Professional Bui
Warranty Deed
$2,080,000 · Bridgeview Bank Group
Oct 20, 2003
—
Fairview Ogden Professional
—
Deed Of Trust
related
$1,680,000 · Mid America Bank Fsb
Dec 1, 1998
—
American Natl Bk&trt Chgo Ttee
—
Deed Of Trust
related
$1,565,000 · Midwest Bank
—
—
Cornerstone Alliance LLC-ogden
—
Deed Of Trust
related
$4,140,000 · Standard Bank & Trust
—
—
Cornerstone Alliance LLC Ogden
—
Deed Of Trust
related
$1,882,500 · Old Plank Trail Community Bank
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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