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Property profile & analytics
OFF-MARKET
Estimated value
$4,955,000
Industrial properties
970 Lombard Rd, Lombard, IL 60148-1231
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5722543
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Construction
CONCRETE
Total area
43,327 SF
Lot
2.44 ac (106,286 SF)
Zoning code
I
APN
03-31-301-031
UPID
US28-5722543
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
$4.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.96M
Owner & transaction history
970 Lombard LLC · 3 yrs held
970 Lombard LLC
since 2023
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
I · 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
$4,635,000
ML approach
$4,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.96M
Range $4.46M – $5.45M · ±10% · vs last sale $5.25M (Mar 16 2023)
Last sale anchor
$5.25M
Mar 16 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
$114 / 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
$83,702
Tax year 2023
Assessed value
$1,310,150
Assessed 2023
Previous assessed
$1,091,790
+20.0% YoY
Effective rate
6.39%
On assessed value
Assessed land
$311,880
Assessed improvement
$998,270
Land market value
$935,640
Improvement market value
$2,994,810
Total market value
$3,930,450
Applied tax rate
3,068.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Total area
43,327 SF
Lot
2.44 ac (106,286 SF)
Zoning code
I
APN
03-31-301-031
UPID
US28-5722543
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Lombard, IL
Zoning I · permitted uses
I · 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
1995
Construction
CONCRETE
Heating
NONE
Lot
2.44 ac
Current owner
From public records · entity-resolved
970 Lombard LLC
Entity
Mailing address
970 N LOMBARD RD, LOMBARD, IL 60148-1231
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
$5,250,000
970 Lombard LLC
970 Lombard Owner LLC
Special Warranty Deed
—
May 4, 2022
—
970 Lombard Owner LLC
—
Deed
related
$8,961,500 · Cibc Bank USA
Dec 16, 2020
$5,350,000
970 Lombard Owner LLC
Gap Vii Gb LLC
Special Warranty Deed
$58,380,000 · Cibc Bank USA
Sep 5, 2017
$4,415,000
Gap Vii Gb Lombard LLC
Bcl-lombard LLC
Grant Deed
$61,000,000 · Us Bank NA Series 2013-c7 (ce)
Dec 4, 2003
$2,750,000
Bcl Lombard LLC
Lasalle Bank NA Trustee
Grant Deed
—
Dec 4, 2003
—
Bcl Lombard LLC
—
Deed Of Trust
related
$2,062,500 · Harris Bank Glencoe Northbrook
—
—
Bcl-lombard LLC
—
Deed Of Trust
related
$61,000,000 · Bank Of America
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$1,951,674 · Royal American Bank
—
—
Bcl Lombard LLC
—
Deed Of Trust
related
$500,000 · Harris Bank Glencoe Northbrook
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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