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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Drive through restaurants
525 En Ave, Glendale Heights, IL 60139-3118
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-5540803
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,816 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C
APN
05-02-101-022
UPID
US28-5540803
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$615k
Owner & transaction history
Allegro Realty LLC · 3 yrs held
Allegro Realty LLC
since 2023
Last sale
$680,000
7 recorded transactions
Zoning & alternative use
C · Glendale Heights, 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 Glendale Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale Heights 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
$605,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $680k (Apr 14 2023)
Last sale anchor
$680k
Apr 14 2023
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
$128 / 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
$32,818
Tax year 2023
Assessed value
$329,100
Assessed 2023
Previous assessed
$327,390
+0.5% YoY
Effective rate
9.97%
On assessed value
Assessed land
$184,520
Assessed improvement
$144,580
Land market value
$553,560
Improvement market value
$433,740
Total market value
$987,300
Applied tax rate
5,264.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
4,816 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C
APN
05-02-101-022
UPID
US28-5540803
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Glendale Heights, IL
Zoning C · permitted uses
C · Glendale Heights, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Allegro Realty LLC
Entity
Free & Clear · 3 yrs held
Mailing address
389 WILLIAM R LATHAM SR DR, BOURBONNAIS, IL 60914-2082
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Apr 14, 2023
—
Allegro Realty LLC
Mario A Allegro
Intrafamily Transfer
related
—
Mar 8, 2017
—
Mario A Allegro
—
Loan Modification
related
$39,305,738 · City Nat'l Bk
Apr 3, 2013
—
Wam Holdings INC
—
Deed Of Trust
related
$12,750,000 · City National Bank
May 24, 2011
$680,000
Mario A Allegro
Pacific Ground Leases I LLC
Grant Deed
$1,380,000 · General Electric Capital Corp
Apr 14, 2008
$87,500
Hot Light Brands LLC
Sweet Traditions Of Illinois LLC
Grant Deed
—
Apr 18, 2005
—
Pacific Ground Leases I LLC
Levine Investments
Warranty Deed
—
Nov 9, 2004
$2,016,000
Levine Investments
Sweet Traditions Of Illinois LLC
Grant Deed
—
Nov 9, 2004
—
Sweet Taditions Of Illinois LLC
—
Grant Deed
related
$12,721,522 · Southwest Bank Of St Louis
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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