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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Warehouses
704 Oak Crk Dr 84, Lombard, IL 60148-6403
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5354694
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
77,251 SF
Lot
5.17 ac (225,205 SF)
Zoning code
C
APN
06-19-303-010
UPID
US28-5354694
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
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$4.21M
Owner & transaction history
Vip Lombard LLC · 8 yrs held
Vip Lombard LLC
since 2017
7 recorded transactions
Zoning & alternative use
C · Lombard, 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 Lombard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lombard 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±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
$54 / 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
$138,157
Tax year 2023
Assessed value
$1,702,180
Assessed 2023
Previous assessed
$1,619,890
+5.1% YoY
Effective rate
8.12%
On assessed value
Assessed land
$510,930
Assessed improvement
$1,191,250
Land market value
$1,532,790
Improvement market value
$3,573,750
Total market value
$5,106,540
Applied tax rate
6,146.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
NONE
Total area
77,251 SF
Lot
5.17 ac (225,205 SF)
Zoning code
C
APN
06-19-303-010
UPID
US28-5354694
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Lombard, IL
Zoning C · permitted uses
C · Lombard, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lombard. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
5.17 ac
Current owner
From public records · entity-resolved
Vip Lombard LLC
Entity
Mailing address
477 W WRIGHTWOOD AVE, ELMHURST, IL 60126-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2017
—
Vip Willowbrook LLC
—
Grant Deed
related
$16,400,000 · Miscellaneous Ins Co
Oct 19, 2017
—
Vip Lombard LLC
Vip Fund I LLC
Quit Claim Deed
—
Jul 1, 2016
—
Vip Elgin Plaza LLC
—
Deed
related
$26,000,000 · Privatebank & Tr
Jun 27, 2016
$2,541,500
Vip Fund I LLC
Icre Fund I LLC
Grant Deed
—
May 14, 2010
—
Vip Elmhurst Plaza LLC
—
Deed Of Trust
related
$7,900,000 · Jackson National Life Ins Co
May 5, 2008
$686,500
Icre Fund I LLC
Nshe Newman Grove LLC
Grant Deed
—
Oct 3, 2006
$658,000
Icre Fund I LLC
Nshe Newman Grove LLC
Grant Deed
—
Jul 24, 2003
$2,048,000
Nhse Newman Grove LLC
Vip Fund I LLC
Grant Deed
$8,200,000 · Jackson National Life Ins Co
Jan 3, 2003
$8,297,500
Vip Fund I LLC
Income And Growth Fund II LP
Grant Deed
related
$10,568,000 · Oaktree II Cf Lender LLC
Oct 23, 2000
$4,500,000
Income & Growth Fund II LP
Lasalle Bank NA Trustee
Trustees Deed
related
—
—
—
Vip Elgin Plaza LLC
—
Deed Of Trust
related
$26,000,000 · Privatebank & Tr
—
—
Income LP
—
Deed Of Trust
related
$150,000,000 · Pnc Bank
—
—
Vip Fund I LLC
—
Deed Of Trust
related
$5,100,000 · Jackson National Life 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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