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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Office buildings
535 Pennsylvania Ave, Glen Ellyn, IL 60137-4179
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1877929
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Total area
7,500 SF
Lot
0.28 ac (12,197 SF)
Zoning code
C
APN
05-11-317-018
UPID
US28-1877929
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
$1.77M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.72M
Owner & transaction history
Cpd 535 LLC · 4 yrs held
Cpd 535 LLC
since 2022
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
C · Glen Ellyn, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+95.4%
Restaurant
$2.3M
+71.7%
Medical building
$1.7M
+24.4%
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 Glen Ellyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Ellyn 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
$1,975,000
ML approach
$1,765,000
CAP Approach
CAP Return
Estimation
6%
$1,840,000
6.5%
$1,695,000
7%
$1,575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,360,000
Current use
AUTO REPAIR, GARAGE
$2,655,000
Change: +95% · Conversion: Difficult
RESTAURANT
$2,330,000
Change: +72% · Conversion: Moderate
MEDICAL BUILDING
$1,690,000
Change: +24% · Conversion: Easy
RETAIL STORES
$1,615,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,295,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.70M (Mar 2 2022)
Last sale anchor
$1.70M
Mar 2 2022
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
$229 / 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
$21,786
Tax year 2023
Assessed value
$287,790
Assessed 2023
Previous assessed
$264,510
+8.8% YoY
Effective rate
7.57%
On assessed value
Assessed land
$131,270
Assessed improvement
$156,520
Land market value
$393,810
Improvement market value
$469,560
Total market value
$863,370
Applied tax rate
5,333.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1936
Heating
NONE
Stories
1
Total area
7,500 SF
Lot
0.28 ac (12,197 SF)
Zoning code
C
APN
05-11-317-018
UPID
US28-1877929
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Glen Ellyn, IL
Zoning C · permitted uses
C · Glen Ellyn, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Ellyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1936
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Cpd 535 LLC
Entity
Mailing address
535 PO BOX 2067TH AVE, FORT COLLINS, CO 80522-2067
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$1,700,000
Cpd 535 LLC
535 Penn LLC
Warranty Deed
—
Jul 26, 2013
$644,000
535 Penn LLC
Atg Trust Co
Trustees Deed
related
$1,052,000 · Notre Dame FCU
Aug 27, 2007
—
Trust 07-033
Trust 3347
Quit Claim Deed
$450,000 · Downers Grove National Bank
—
—
Firstar Bank Illinois Trustee
—
Deed Of Trust
related
$300,000 · American Nat'l Bk & Tr Chicago
—
—
Trust 07-033
—
Deed Of Trust
related
$495,498 · Downers Grove 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.
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