New search
Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Retail space
481 Cmns Dr, Aurora, IL 60504-4503
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-3397463
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
9,660 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C
APN
07-21-101-015
UPID
US28-3397463
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
$850k
Owner & transaction history
Tower Loan Of Illinois LLC · 3 yrs held
Tower Loan Of Illinois LLC
since 2022
7 recorded transactions
Zoning & alternative use
C · Aurora, IL
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$88 / 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
$18,316
Tax year 2023
Assessed value
$225,380
Assessed 2023
Previous assessed
$194,970
+15.6% YoY
Effective rate
8.13%
On assessed value
Assessed land
$62,880
Assessed improvement
$162,500
Land market value
$188,640
Improvement market value
$487,500
Total market value
$676,140
Applied tax rate
7,045.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
NONE
Total area
9,660 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C
APN
07-21-101-015
UPID
US28-3397463
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Aurora, IL
Zoning C · permitted uses
C · Aurora, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aurora. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Lot
1.06 ac
Current owner
From public records · entity-resolved
Tower Loan Of Illinois LLC
Entity
Mailing address
1355 S RTE 591A, NAPERVILLE, IL 60564-9538
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
—
Tower Loan Of Illinois LLC
481 Nyc LLC
Lease
—
Oct 4, 2022
—
Tower Loan Of Illinois LLC
481 Nyc LLC
Lease
—
Apr 24, 2015
—
481 Nyc LLC
Trust 5844
Grant Deed
—
Jul 21, 1998
$397,000
Wil Freda Development INC
George,charles V & Marilyn H
Trustees Deed
—
Jul 21, 1998
$300,000
Harris Bank Naperville Ttee
Wil Freds Development INC
Trustees Deed
related
$1,015,000 · Bank Of Sugar Grove
—
—
1355 Wec LLC
—
Loan Modification
related
$1,540,473 · Old Second Nat'l Bk
—
—
Barry R Rabovsky
—
Deed Of Trust
related
$1,224,000 · Old Second National 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.
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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