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    Property profile & analytics

    444 Park Blvd Glen Ellyn, IL 60137

    • Medical Office Space
    • 4,106 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2728189
    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

    • Medical Office Space

    Property Details for 444 Park Blvd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.56 lot acres
    Property size
    4,106 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    05-11-322-024
    APU
    511322024

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $905,000
      6.5%
      $835,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $558,000
      Market price range: $188k - $703k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $925,000
      Current use
      RETAIL STORES
      $885,000
      Change: -4% Conversion: Difficult
      OFFICE BUILDING
      $745,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Ellyn
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0629
    Latitude
    41.8758
    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
    $22,678
    $253,010
    $46,560
    $299,570
    -
    $759,030
    $139,680
    $898,710

    Comparable in this City

    • Value Estimation by Request
      1,317 SF

      534 Duane St

      MEDICAL BUILDING • 1,317 SF
      534 Duane St, Glen Ellyn, IL 60137-4676
      View Details
    • Value Estimation
      $8,160,000
      41,379 SF

      885 Roosevelt Rd

      MEDICAL BUILDING • 41,379 SF
      885 Roosevelt Rd, Glen Ellyn, IL 60137-6141
      View Details
    • Value Estimation by Request
      1,147 SF

      505 Anthony St

      MEDICAL BUILDING • 1,147 SF
      505 Anthony St, Glen Ellyn, IL 60137-4421
      View Details
    • Value Estimation by Request
      3,230 SF

      26 Park Blvd

      MEDICAL BUILDING • 3,230 SF
      26 Park Blvd, Glen Ellyn, IL 60137-5712
      View Details
    • Value Estimation
      $560,000
      1,289 SF

      487 Pennsylvania Ave

      MEDICAL BUILDING • 1,289 SF
      487 Pennsylvania Ave, Glen Ellyn, IL 60137-4403
      View Details
    • Value Estimation
      $1,465,000
      3,680 SF

      1186 Roosevelt Rd

      MEDICAL BUILDING • 3,680 SF
      1186 Roosevelt Rd, Glen Ellyn, IL 60137-6058
      View Details

    Similar Nearby for Sale

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      14,500 SF

      Prime Glendale Heights Office Building

      14,500 SF Executive Office Space, $3M
      739 North Ave, Glendale Heights, IL 60137
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    • $999,900
      0.07 Acres

      Glen Ellyn Mixed-Use Building

      Commercial/Residential building in downtown Glen Ellyn, near Metra station.
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    • Contact for pricing
      4,100 SF

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    Similar Nearby for Lease

    • Contact for pricing
      3,679 SF

      Glen Ellyn Office Space Available

      Office space for lease in Glen Ellyn, Illinois.
      45 S Park Blvd, Glen Ellyn, IL 60137
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    • $14 SF/Yr

      Modern Office Building in Glendale

      14,517 SF office building in Glendale Heights, Illinois.
      739 North Ave, Glendale Heights, IL 60137
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      900 SF

      Glen Ellyn Office Spaces

      Three office spaces for lease in Glen Ellyn, Illinois.
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      600 SF

      Glen Ellyn Office Space Available

      Office space for rent near Illinois Prairie Path.
      386 Pennsylvania Ave, Glen Ellyn, IL 60137
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    • Contact for pricing
      2,494 SF

      Downtown Glen Ellyn Storefront Opportunity

      Rare storefront availability next to Metra in Downtown Glen Ellyn.
      515 Crescent Blvd, Glen Ellyn, IL 60137
      View Details
    • Contact for pricing
      3,805 SF

      Glen Ellyn Office Space

      Office space available for lease in Glen Ellyn, Illinois.
      1186 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
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    444 Park Blvd
    Glen Ellyn, IL 60137
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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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