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Property profile & analytics
OFF-MARKET
Estimated value
$2,770,000
Retail space
538 Saint Charles Rd Elmhurst, IL 60126-3038
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1834035
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
15,316 SF
Lot
0.97 ac (42,253 SF)
Zoning code
C
APN
06-10-211-026
UPID
US28-1834035
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
$3.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.77M
Owner & transaction history
Midwest Elmhurst LLC · 13 yrs held
Midwest Elmhurst LLC
since 2012
7 recorded transactions
Zoning & alternative use
C · Elmhurst, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.5M
+4.5%
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 Elmhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmhurst 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%
$3,545,000
6.5%
$3,270,000
7%
$3,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,300,000
Current use
MEDICAL BUILDING
$3,450,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$2,745,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.77M
Range $2.49M – $3.05M · ±10%
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
$181 / 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
$88,991
Tax year 2023
Assessed value
$1,465,860
Assessed 2023
Previous assessed
$1,395,000
+5.1% YoY
Effective rate
6.07%
On assessed value
Assessed land
$137,790
Assessed improvement
$1,328,070
Land market value
$413,370
Improvement market value
$3,984,210
Total market value
$4,397,580
Applied tax rate
6,046.0000
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
2011
Heating
NONE
Total area
15,316 SF
Lot
0.97 ac (42,253 SF)
Zoning code
C
APN
06-10-211-026
UPID
US28-1834035
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Elmhurst, IL
Zoning C · permitted uses
C · Elmhurst, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmhurst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
2011
Heating
NONE
Lot
0.97 ac
Current owner
From public records · entity-resolved
Midwest Elmhurst LLC
Entity
Mailing address
ATTN ADELLPHIA PROPERTIES #1314, OAK BROOK, IL 60523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2018
—
Midwest Elmhurstllc
—
Deed
related
—
May 1, 2018
—
Midwest Elmhurstllc
—
Deed
related
—
Feb 9, 2018
—
Midwest Elmhurste LLC
—
Deed
related
—
Dec 13, 2012
$6,725,000
Midwest Elmhurst LLC
538 Elmhurst LLC
Grant Deed
$4,371,250 · Lakeside Bank
May 6, 2011
$1,200,000
538 Elmhurst LLC
Trust 09-11491
Grant Deed
$3,295,000 · Lakeside Bank
May 19, 2009
—
Trust 09-11491
Trust Hth 2418
Quit Claim Deed
related
—
—
—
538 Elmhurst LLC
—
Deed Of Trust
related
$154,432 · Lakeside Bank
—
—
538 Elmhurst LLC
—
Deed Of Trust
related
$3,294,081 · Lakeside Bank
—
—
Midwest Elmhurste LLC
—
Loan Modification
related
—
—
—
Midwest Elmhurstllc
—
Loan Modification
related
—
—
—
Midwest Elmhurstllc
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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