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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Medical Office Space
604 Raymond Dr Naperville, IL 60563-9788
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-3060182
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
9,369 SF
Lot
1.34 ac (58,370 SF)
Zoning code
C
APN
07-14-113-012
UPID
US28-3060182
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
-
Wheaton Eye Clinic Ltd: Brazis III Peter T MD Ophthalmologist
-
Wheaton Eye Clinic Ltd: Sims Michelle G MD Ophthalmologist
-
Kipp Michael a MD Ophthalmologist
-
Dr. Anna J. Park, MD Ophthalmologist
-
Dr. David K. Gieser, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Naperville Raymond Realty LLC · 2 yrs held
Naperville Raymond Realty LLC
since 2024
4 recorded transactions
Zoning & alternative use
C · Naperville, 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 Naperville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naperville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$36,204
Tax year 2023
Assessed value
$541,470
Assessed 2023
Previous assessed
$591,190
-8.4% YoY
Effective rate
6.69%
On assessed value
Assessed land
$138,350
Assessed improvement
$403,120
Land market value
$415,050
Improvement market value
$1,209,360
Total market value
$1,624,410
Applied tax rate
7,030.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
NONE
Total area
9,369 SF
Lot
1.34 ac (58,370 SF)
Zoning code
C
APN
07-14-113-012
UPID
US28-3060182
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Naperville, IL
Zoning C · permitted uses
C · Naperville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naperville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
1.34 ac
Current owner
From public records · entity-resolved
Naperville Raymond Realty LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2015 N MAIN ST, NAPERVILLE, IL 60587
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
—
Naperville Raymond Realty LLC
Chicago Title Land Trust Company
Deed
—
Dec 20, 2000
—
Lasalle Bank NA Ttee
Naperville-raymond Realty LLC
Grant Deed
related
$2,280,000 · Lutheran Brotherhood
Nov 17, 1999
$700,500
Naperville
Central Dupage Health
Grant Deed
—
—
—
Naperville Raymond Realty LLC
—
Deed Of Trust
related
$1,860,000 · American Nat'l Bk & Tr Chicago
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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