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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Commercial real estate
510 Batavia Ave, Batavia, IL 60510-2902
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0489111
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1902
Total area
2,722 SF
Lot
0.44 ac (19,043 SF)
APN
12-22-379-011
UPID
US28-0489111
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
-
Elsman Debra Counselor Doctor
-
Mill Creek Early Childhood Program Daycare Center
-
Carroll Law Offices Pc Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$635k
Owner & transaction history
Mill Creek Early Childhood Program · 1 yrs held
Mill Creek Early Childhood Program
since 2025
Last sale
$800,000
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 Batavia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Batavia 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $800k (Oct 2 2024)
Last sale anchor
$800k
Oct 2 2024
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
$233 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,414
Tax year 2022
Assessed value
$142,165
Assessed 2022
Previous assessed
$134,830
+5.4% YoY
Effective rate
8.73%
On assessed value
Assessed land
$41,839
Assessed improvement
$100,326
Land market value
$125,517
Improvement market value
$300,978
Total market value
$426,495
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
Off-Market
Year built
1902
Heating
NONE
Stories
2
Total area
2,722 SF
Lot
0.44 ac (19,043 SF)
APN
12-22-379-011
UPID
US28-0489111
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
Year built
1902
Heating
NONE
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mill Creek Early Childhood Program
Individual
Mailing address
140 1ST ST, BATAVIA, IL 60510-2453
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
$800,000
Mill Creek Early Childhood Program
510 S Batavia Avenue LLC
Warranty Deed
$1,220,000 · Newtek Bank NA
Nov 28, 2018
$415,000
510 S Batavia Avenue LLC
Richard J Nealis
Warranty Deed
$373,500 · First National Bank Of Omaha
Nov 28, 2018
—
510 S Batavia Avenue LLC
—
Deed
related
$373,500 · First Nat'l Bk/omaha
May 2, 2011
—
Richard J Nealis
Nealis Richard J
Quit Claim Deed
related
—
Jan 5, 1999
$83,000
Richard J Nealis
Mullen Building Partners
Grant Deed
—
—
—
Building Partners Mullen
—
Deed Of Trust
related
$40,000 · Merchants Bank West Plaza
—
—
510 S Batavia Avenue LLC
—
Loan Modification
related
$373,500 · First Nat'l Bk/omaha
—
—
Nealis Trust
—
Deed Of Trust
related
$225,000 · Merchants National Bank Aurora
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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