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Property profile & analytics
OFF-MARKET
Estimated value
$7,125,000
Hotels
551 Swift Rd, Addison, IL 60101-1421
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5629135
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,090 SF
Lot
3.26 ac (142,006 SF)
Zoning code
C
APN
02-24-400-038
UPID
US28-5629135
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
-
HGI Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Cardtronics ATM Atm
-
Hilton Garden Inn Addison Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.13M
CAP Approach
CAP
$9.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.13M
Owner & transaction history
Addison Hotels LLC · 1 yrs held
Addison Hotels LLC
since 2024
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
C · Addison, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.0M
+1.6%
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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$7,125,000
ML approach
$7,125,000
CAP Approach
CAP Return
Estimation
6%
$10,735,000
6.5%
$9,910,000
7%
$9,200,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,820,000
Current use
WAREHOUSE, STORAGE
$8,965,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$7.13M
Range $6.41M – $7.84M · ±10% · vs last sale $7.12M (Oct 11 2024)
Last sale anchor
$7.12M
Oct 11 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
$83 / 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
$259,698
Tax year 2023
Assessed value
$2,624,780
Assessed 2023
Previous assessed
$2,624,780
+0.0% YoY
Effective rate
9.89%
On assessed value
Assessed land
$307,300
Assessed improvement
$2,317,480
Land market value
$921,900
Improvement market value
$6,952,440
Total market value
$7,874,340
Applied tax rate
2,056.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
86,090 SF
Lot
3.26 ac (142,006 SF)
Zoning code
C
APN
02-24-400-038
UPID
US28-5629135
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Addison, IL
Zoning C · permitted uses
C · Addison, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$8.8M
WAREHOUSE, STORAGE
Est. value
$9.0M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
3.26 ac
Current owner
From public records · entity-resolved
Addison Hotels LLC
Entity
Mailing address
155 FOUNDERS POINTE AVE S STE #200, BLOOMINGDALE, IL 60108-1440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
—
Addison Hotels LLC
Republic Bank Of Chicago
Deed
—
Oct 11, 2024
$7,122,500
Swift Hospitality LLC
Addison Hotels LLC
Special Warranty Deed
$6,419,000 · Old Second National Bank
Nov 8, 2023
—
Addison Hotels LLC
—
Deed
related
$8,500,000 · Republic Bank Of Chicago
Nov 16, 2018
—
Addison Hotels LLC
—
Deed
related
$8,300,000 · Miscellaneous Ins Co
Sep 22, 2008
$13,400,000
Addison Hotels LLC
Chicago Title Land Trust Co
Deed
$10,000,000 · American National Insurance Co
—
—
Addison Hotels LLC
—
Loan Modification
related
$8,300,000 · Miscellaneous Ins Co
—
—
Addison Hotels LLC
—
Loan Modification
related
$9,500,000 · American National Insurance Co
—
—
Fifth Third Bank Trustee
—
Deed Of Trust
related
$9,300,000 · Tcf National Bank
—
—
Second Illinois Motel Corp
—
Deed Of Trust
related
$300,000 · Tcf 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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