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Property profile & analytics
OFF-MARKET
Estimated value
$17,390,000
Office buildings
865 Parkview Blvd, Lombard, IL 60148-3230
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-1342461
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
79,269 SF
Lot
6.62 ac (288,367 SF)
Zoning code
C
APN
05-13-210-015
UPID
US28-1342461
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
$17.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.39M
Owner & transaction history
Avalair Woodlake Park LLC · 2 yrs held
Avalair Woodlake Park LLC
since 2023
Last sale
$22.6M
4 recorded transactions
Zoning & alternative use
C · Lombard, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$28.0M
+149.9%
Restaurant
$24.7M
+119.6%
Medical building
$17.9M
+59.1%
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
$21,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,430,000
6.5%
$17,935,000
7%
$16,655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,225,000
Current use
AUTO REPAIR, GARAGE
$28,045,000
Change: +150% · Conversion: Difficult
RESTAURANT
$24,650,000
Change: +120% · Conversion: Moderate
MEDICAL BUILDING
$17,855,000
Change: +59% · Conversion: Easy
COMMERCIAL (GENERAL)
$16,220,000
Change: +45% · Conversion: Easy
RETAIL STORES
$11,100,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$17.39M
Range $15.65M – $19.13M · ±10% · vs last sale $22.60M (Nov 22 2023)
Last sale anchor
$22.60M
Nov 22 2023
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
$219 / 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
$209,124
Tax year 2023
Assessed value
$2,587,010
Assessed 2023
Previous assessed
$2,455,000
+5.4% YoY
Effective rate
8.08%
On assessed value
Assessed land
$816,400
Assessed improvement
$1,770,610
Land market value
$2,449,200
Improvement market value
$5,311,830
Total market value
$7,761,030
Applied tax rate
5,057.0000
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
1989
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
79,269 SF
Lot
6.62 ac (288,367 SF)
Zoning code
C
APN
05-13-210-015
UPID
US28-1342461
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$28.0M
RESTAURANT
Est. value
$24.7M
MEDICAL BUILDING
Est. value
$17.9M
COMMERCIAL (GENERAL)
Est. value
$16.2M
RETAIL STORES
Est. value
$11.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.62 ac
Current owner
From public records · entity-resolved
Avalair Woodlake Park LLC
Entity
Free & Clear · 2 yrs held
Mailing address
411 BLVD OF AMERICAS, LAKEWOOD, NJ 08701-4826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
—
Avalair Woodlake Park LLC
—
Deed
related
$11,968,350 · Everwise Cu
Nov 22, 2023
$22,600,000
Avalair Woodlake Park LLC
Woodlake Executive Park LLC
Special Warranty Deed
—
Nov 22, 2023
$22,000,000
Woodlake Executive Park LLC
800 Parkview LLC
Special Warranty Deed
$15,806,000 · Alliant Cu
Aug 30, 2000
$32,867,500
Woodlake/parkview Investors Ll
Smii Oak Creek/lp
Grant Deed
$15,000,000 · Allstate Life Insurance 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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