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Property profile & analytics
OFF-MARKET
Estimated value
$15,820,000
Retail space
Lombard, IL 60148
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1988884
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Total area
72,660 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C
APN
06-17-305-007
UPID
US28-1988884
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
$15.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.82M
Owner & transaction history
Pines Plaza LLC · 2 yrs held
Pines Plaza LLC
since 2023
Last sale
$19.0M
3 recorded transactions
Zoning & alternative use
C · Lombard, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$25.7M
+152.7%
Restaurant
$22.6M
+122.1%
Medical building
$16.4M
+60.9%
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
$16,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,810,000
6.5%
$15,515,000
7%
$14,410,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,175,000
Current use
AUTO REPAIR, GARAGE
$25,710,000
Change: +153% · Conversion: Difficult
RESTAURANT
$22,595,000
Change: +122% · Conversion: Easy
MEDICAL BUILDING
$16,365,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,870,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$10,285,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$15.82M
Range $14.24M – $17.40M · ±10% · vs last sale $19.00M (Aug 9 2023)
Last sale anchor
$19.00M
Aug 9 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
$218 / 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
$63,059
Tax year 2023
Assessed value
$784,170
Assessed 2023
Previous assessed
$746,260
+5.1% YoY
Effective rate
8.04%
On assessed value
Assessed land
$302,630
Assessed improvement
$481,540
Land market value
$907,890
Improvement market value
$1,444,620
Total market value
$2,352,510
Applied tax rate
6,011.0000
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
1967
Heating
NONE
Total area
72,660 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C
APN
06-17-305-007
UPID
US28-1988884
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
RETAIL STORES Current
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$25.7M
RESTAURANT
Est. value
$22.6M
MEDICAL BUILDING
Est. value
$16.4M
COMMERCIAL (GENERAL)
Est. value
$14.9M
OFFICE BUILDING
Est. value
$10.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1967
Heating
NONE
Lot
1.65 ac
Current owner
From public records · entity-resolved
Pines Plaza LLC
Entity
Mailing address
444 N MICHIGAN AVE STE #3450, CHICAGO, IL 60611-3915
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
$19,000,000
Pines Plaza LLC
Chicago Title Land Trust Company
Deed
$17,000 · Lombard Pines Plaza Lendr LLC
Jun 18, 1998
—
American Natl Bk&trt Chgo Ttee
—
Deed Of Trust
related
$2,050,000 · First National Bank Chicago
—
—
American Natl B&t Co Chgo Ttee
—
Deed Of Trust
related
$500,000 · First National Bank Chicago
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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