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    Property profile & analytics

    740 Pasquinelli Dr Westmont, IL 60559

    • Office Properties & Spaces
    • 110,100 SF
    • 8.65 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Feb 14, 2022
    $12,000,500
    Value Estimations
    $11,770,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0877245
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AMITA Health Adventist Medical Center Hinsdale New Day Center / Psychotherapist
    • AMITA Health OPTIONS Outpatient Adult Program / Medical Center / Medical Clinic
    • UChicago Medicine AdventHealth Behavioral Health Adult Westmont / Medical Clinic
    • Wellness Water Filtration Systems / Water Softening Equipment Supplier / Water Filter Supplier
    • County Prestress & Precast, LLC / Concrete Product Supplier

    Property Details for 740 Pasquinelli Dr

    Year built
    1986
    Lot size
    8.65 lot acres
    Property size
    110,100 SF
    Zone code
    C
    Property type
    Office Properties & Spaces
    APN
    09-02-106-017
    APU
    902106017

    Description

    Brush Hill Office Courte, located at 740-770 Pasquinelli Dr, Westmont, IL 60559, presents a compelling investment opportunity. This four-building office park totals 110,294 square feet, offering multiple tenancy options ranging from 3,500 to 15,237 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,605,000
      ML approach
      $9,765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,323,000
      Market price range: $12.4M - $28.0M
      AI Estimate
      $12,801,000
      Market price range: $7.19M - $28.2M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westmont
    County
    Dupage
    State
    Illinois
    Longitude
    -87.953
    Latitude
    41.8139
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $266,563
    $1,912,540
    $2,083,360
    $3,995,900
    -
    $5,737,620
    $6,250,080
    $11,987,700

    Comparable in this City

    • Value Estimation
      $775,000
      36,842 SF

      815 Pasquinelli Dr

      OFFICE (GENERAL) • 36,842 SF
      815 Pasquinelli Dr, Westmont, IL 60559-1276
      View Details
    • Value Estimation
      $270,000
      1,942 SF

      Cass Ave

      OFFICE (GENERAL) • 1,942 SF
      Cass Ave, Westmont, IL 60559
      View Details
    • Value Estimation
      $835,000
      64,604 SF

      1 Oakhill Dr

      OFFICE (GENERAL) • 64,604 SF
      1 Oakhill Dr, Westmont, IL 60559-5562
      View Details
    • Value Estimation
      $320,000
      4,000 SF

      5757 Cass Ave

      OFFICE (GENERAL) • 4,000 SF
      5757 Cass Ave, Westmont, IL 60559-2323
      View Details
    • Value Estimation
      $295,000
      5,244 SF

      101 Chicago Ave

      OFFICE (GENERAL) • 5,244 SF
      101 Chicago Ave, Westmont, IL 60559-1722
      View Details
    • Value Estimation
      $230,000
      0.10 Acres

      226 Cass Ave

      OFFICE (GENERAL) • 0.10 Acres
      226 Cass Ave, Westmont, IL 60559-1741
      View Details

    Similar Nearby for Sale

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      Westmont Multi-Tenant Office Complex

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      Westmont Office/Medical Space Available

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    • $2,402,444
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      Westmont Urgent Care Investment Opportunity

      Long-term net lease with annual rental increases in Westmont, IL.
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    • $1,525,200
      15,252 SF

      Versatile Office/Flex Building in Chicago

      15,252 SF office/flex building on 1.01-acre site.
      735 N Cass Ave, Westmont, IL 60559
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    • Contact for pricing
      110,294 SF

      Single-Story Office Park For Sale

      Four-building office park with private entrances and tenant-controlled HVAC.
      740-770 Pasquinelli Dr, Westmont, IL 60559
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      110,294 SF

      Westmont Office Park Investment

      Class B Office Space, IL, 110K+ SF
      740 Pasquinelli Dr, Westmont, IL 60559
      View Details
    • $24 SF/Yr
      118,000 SF

      Oakmont Plaza Office Suites

      Westmont, IL Class A Office Space
      999 Oakmont Plaza Dr, Westmont, IL 60559
      View Details
    • $22 SF/Yr
      74,279 SF

      Westmont Office Space for Lease

      Prime DuPage County Office Building, 4 Spaces Available
      900 Oakmont Ln, Westmont, IL 60559
      View Details
    • Contact for pricing
      2,184 SF

      Renovated Office Space Available

      High-class, professionally managed office suites for lease.
      700 E Ogden Ave, Westmont, IL 60559
      View Details
    • $13 SF/Yr
      4,011 SF

      Westmont Office Space For Rent

      Single-story office space with private entrances and controlled HVAC.
      770 Pasquinelli Dr, Westmont, IL 60559
      View Details
    • Contact for pricing

      Westmont Office Space for Rent

      Office space in a convenient Westmont location.
      500-590 Quail Ridge Dr, Westmont, IL 60559
      View Details
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    Westmont, IL 60559
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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