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Property profile & analytics
OFF-MARKET
Banks
70 Biesterfield Rd, Elk Grove Vlg, IL 60007-3668
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US28-0938514
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1983
Lot
0.92 ac (40,156 SF)
APN
08-32-200-031
UPID
US28-0938514
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
-
Bank of America ATM (Drive-thru) Financial Consultant Financial Planner
-
Bank of America Home Mortgage Loan Service Bank
-
Bank of America (Lobby Service Only) Bank Loan Service
-
Bank of America Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elk Crossing Fund II LLC · 17 yrs held
Elk Crossing Fund II LLC
since 2008
7 recorded transactions
Zoning & alternative use
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 Elk Grove Vlg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elk Grove Vlg 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
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$68,108
Tax year 2022
Assessed value
$278,750
Assessed 2022
Previous assessed
$261,682
+6.5% YoY
Effective rate
24.43%
On assessed value
Assessed land
$85,331
Assessed improvement
$193,419
Land market value
$341,324
Improvement market value
$773,676
Total market value
$1,115,000
Applied tax rate
16,035.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Lot
0.92 ac (40,156 SF)
APN
08-32-200-031
UPID
US28-0938514
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
Elk Crossing Fund II LLC
Entity
Mailing address
101 N TRYON ST, CHARLOTTE, NC 28246-0100
Ownership since
2008
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
Feb 19, 2019
—
Elk Crossing Fund II LLC
—
Loan Modification
related
$97,175,000 · Miscellaneous Ins Co
Jul 26, 2017
—
Elk Crossing Fund II LLC
—
Grant Deed
related
$94,000,000 · Miscellaneous Ins Co
Aug 23, 2016
—
Elk Crossing Fund II LLC
—
Deed
related
$13,900,000 · Miscellaneous Ins Co
Jul 31, 2008
$20,175,500
Elk Crossing Fund II LLC
Trust 110893
Grant Deed
related
$13,900,000 · Miscellaneous Ins Co
Jul 31, 2008
$2,222,000
Elk Crossing Fund II LLC
Trust 110893
Grant Deed
related
—
Jul 31, 2008
$1,228,000
Elk Crossing Fund II LLC
Trust 110893
Grant Deed
related
—
—
—
Elk Crossing Fund Howard II Ll
—
Loan Modification
related
$12,602,775 · Miscellaneous Ins Co
—
—
Elk Crossing Fund II LLC
—
Loan Modification
related
$13,900,000 · Miscellaneous Ins Co
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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