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Property profile & analytics
OFF-MARKET
Estimated value
$8,985,000
Office buildings
747 22nd St, Lombard, IL 60148-5034
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1101322
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
229,050 SF
Lot
13.52 ac (588,931 SF)
Zoning code
C
APN
06-29-200-059
UPID
US28-1101322
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
$8.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.99M
Owner & transaction history
747 Spe LLC · 3 yrs held
747 Spe LLC
since 2022
Last sale
$8.6M
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
$10,015,000
ML approach
$8,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.99M
Range $8.09M – $9.88M · ±10% · vs last sale $8.63M (Sep 20 2022)
Last sale anchor
$8.63M
Sep 20 2022
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
$39 / 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
$467,484
Tax year 2023
Assessed value
$6,058,630
Assessed 2023
Previous assessed
$5,765,730
+5.1% YoY
Effective rate
7.72%
On assessed value
Assessed land
$1,775,170
Assessed improvement
$4,283,460
Land market value
$5,325,510
Improvement market value
$12,850,380
Total market value
$18,175,890
Applied tax rate
6,291.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Total area
229,050 SF
Lot
13.52 ac (588,931 SF)
Zoning code
C
APN
06-29-200-059
UPID
US28-1101322
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
1986
Heating
NONE
Lot
13.52 ac
Current owner
From public records · entity-resolved
747 Spe LLC
Entity
Mailing address
160 W CYN CRST RD, ALPINE, UT 84004-1679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 20, 2022
—
747 Spe LLC
747 Properties LLC
Sheriffs Deed
related
—
Aug 26, 2022
—
747 Properties LLC
—
Deed
related
$7,500,000 · Reef Private Credit LLC
Jan 10, 2022
—
747 Properties LLC
—
Deed
related
$36,000,000 · Reef Pcg LLC
Oct 18, 2018
—
747 Properties LLC
—
Trustees Deed
related
$16,900,000 · Lisa Sayegh
May 23, 2017
—
747 Properties LLC
—
Loan Modification
related
$7,400,000 · Mcreif Subreit LLC
Jun 26, 2015
$8,625,000
747 Properties LLC
Trust 57881
Grant Deed
—
Jun 26, 2015
—
747 Properties LLC
Mcn 747 22nd Street LLC
Quit Claim Deed
related
$6,750,000 · M360 Fund I LLC
Sep 9, 2003
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$15,243,659 · Capital Lease Funding LP
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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