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Property profile & analytics
OFF-MARKET
Estimated value
$4,820,000
Retail space
837 Westmore Meyers Rd Lombard, IL 60148-3724
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2832547
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
125,532 SF
Lot
10.42 ac (453,895 SF)
Zoning code
C
APN
06-16-117-007
UPID
US28-2832547
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
$4.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$4.82M
Owner & transaction history
Illinois Holdings USA INC · 4 yrs held
Illinois Holdings USA INC
since 2022
Last sale
$4.9M
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
$4,750,000
ML approach
$4,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.82M
Range $4.34M – $5.30M · ±10% · vs last sale $4.91M (Feb 24 2022)
Last sale anchor
$4.91M
Feb 24 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
$38 / 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
$109,717
Tax year 2023
Assessed value
$1,437,070
Assessed 2023
Previous assessed
$1,640,630
-12.4% YoY
Effective rate
7.63%
On assessed value
Assessed land
$910,570
Assessed improvement
$526,500
Land market value
$2,731,710
Improvement market value
$1,579,500
Total market value
$4,311,210
Applied tax rate
6,024.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Heating
NONE
Total area
125,532 SF
Lot
10.42 ac (453,895 SF)
Zoning code
C
APN
06-16-117-007
UPID
US28-2832547
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
1959
Heating
NONE
Lot
10.42 ac
Current owner
From public records · entity-resolved
Illinois Holdings USA INC
Entity
Mailing address
1040 N HALSTED ST UNIT A, CHICAGO, IL 60642-4222
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
Feb 24, 2022
$4,910,000
Illinois Holdings USA INC
Illinois Holdings USA INC
Special Warranty Deed
$3,682,500 · Busey Bank
Sep 18, 2018
—
Illinois Holdings USA INC
—
Deed
related
$4,550,000 · Readycap Com'l
Jun 23, 2015
$4,100,000
Illinois Holdings USA INC
Inland Eastgate Shopping Center LLC
Special Warranty Deed
$2,870,000 · Old Second National Bank
Mar 22, 2005
—
Inland Eastgate Shopping Center LLC
Lasalle Bank NA
Deed
$3,610,000 · Bear Stearns Commercial Mortgage In
Oct 8, 1999
—
American Nat'l Bk&tr Chgo Ttee
Inland Real Estate Corp
Grant Deed
related
$3,345,000 · Lasalle National Bank
Jul 13, 1998
$7,732,000
Inland Real Estate Corp
Eastgate Shopping Center Inv
Trustees Deed
—
Jul 13, 1998
—
Shidler,jay H
Eastgate Shopping Center Inv
Trustees Deed
related
—
—
—
Illinois Holdings USA INC
—
Deed Of Trust
related
$4,550,000 · Readycap Com'l
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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