5111 Main St Downers Grove, IL 60515-4663
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$985k
Range $887k – $1.08M (±10%)
Implied cap rate
5.60%
In-place · NOI ÷ last sale
Property ID
US28-1542970
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1925
Total area
3,274 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C
APN
09-08-130-003
UPID
US28-1542970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Health Care Service
-
Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$985k
Owner & transaction history
since 2023
Last sale
$925,000
2 recorded transactions
Zoning & alternative use
C · Downers Grove, IL
Top alternative use upside
Auto repair, garage
$1.2M
+43.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 41 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$985k
Value range
$887k – $1.08M
±10% around blend
Estimated value / SF
$301 / SF
Confidence
High
41 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$887k
blend $985k
$1.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,274 SF
Lot area
0.09 ac
Year built
1925
Stories
2
APN
09-08-130-003
Assessed value
$109,710
Annual tax
$7,385
3
Income approach: direct capitalization
Partial preview
Income approach indication
$850k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$920k
@ 6.5% CAP return
$850k
@ 7% CAP return
$790k
4
Sales comparison
Partial preview
Sales approach indication
$746k
Weighted, 20 comps · high confidence
Evidence
41 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.2 mi away · 2,400 SF
11.6 mi away · 3,007 SF
11.7 mi away · 4,154 SF
12.4 mi away · 3,538 SF
13.2 mi away · 4,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$985k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$247
+22%
Submarket 78 sales
$221
+36%
County 712 sales
$205
+47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $301/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+43%
vs current-use indication
Commercial (general) · current use
Medical Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 41 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
5.60%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.60%
9.0%
NOI (est.)
$65k *
Last sale · Dec 2023
$925k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.16M
Move the market yield to see immediate price impact.
Value / SF
$353
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.10%5.60%6.10%
$58k
$1.14M
$1.04M
$955k
$65k
$1.27M
$1.16M
$1.06M
$71k
$1.40M
$1.27M
$1.17M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
41 found
High confidence · county-verified
Closest comparable
$1.65M
9.2 mi · Sep 2025 · $669/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,385
Tax year 2023
Assessed value
$109,710
Assessed 2023
Previous assessed
$101,580
+8.0% YoY
Effective rate
6.73%
On assessed value
Assessed land
$53,160
Assessed improvement
$56,550
Land market value
$159,480
Improvement market value
$169,650
Total market value
$329,130
Applied tax rate
9,584.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1925
Heating
NONE
Stories
2
Total area
3,274 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C
APN
09-08-130-003
UPID
US28-1542970
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Downers Grove, ILZoning C · permitted uses
C · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
2
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Downers Grove, IL
Recorded code
C
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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