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Property profile & analytics
OFF-MARKET
Estimated value
$59,510,000
Office buildings
1 Wacker Dr Ste 750 Chicago, IL 60606-2819
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US28-5354210
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1954
Total area
365,000 SF
Lot
0.56 ac (24,372 SF)
APN
17-09-454-001
UPID
US28-5354210
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$59.51M
Owner & transaction history
One North Wacker Hines · 18 yrs held
One North Wacker Hines
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$87.3M
+77.5%
Apartment house (5+ units)
$62.8M
+27.7%
Retail stores
$53.1M
+8.1%
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$49,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$87,265,000
Change: +78% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$62,785,000
Change: +28% · Conversion: Easy
RETAIL STORES
$53,130,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$43,725,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$59.51M
Range $53.56M – $65.46M · ±10%
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
$163 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,034,446
Tax year 2022
Assessed value
$58,509,879
Assessed 2022
Previous assessed
$58,509,879
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$2,894,175
Assessed improvement
$55,615,704
Land market value
$11,576,700
Improvement market value
$222,462,816
Total market value
$234,039,516
Applied tax rate
76,015.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1954
Heating
NONE
Stories
11
Total area
365,000 SF
Lot
0.56 ac (24,372 SF)
APN
17-09-454-001
UPID
US28-5354210
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$49.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$87.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$62.8M
RETAIL STORES
Est. value
$53.1M
AUTO REPAIR, GARAGE
Est. value
$43.7M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1954
Heating
NONE
Stories
11
Lot
0.56 ac
Current owner
From public records · entity-resolved
One North Wacker Hines
Individual
Mailing address
1 N WACKER DR STE #750, CHICAGO, IL 60606-2819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
May 1, 2012
—
Hines One North Wacker LP
—
Deed Of Trust
related
$275,000,000 · Miscellaneous Ins Co
Mar 31, 2008
$29,997,000
One North Wacker Hines
One North Wacker Drive Chicago
Grant Deed
related
—
Nov 1, 2002
—
Buck One North Wacker Drive
One North Wacker Drive Venture
Quit Claim Deed
related
—
Nov 1, 2002
$6,493,500
One North Wacker Drive Ch LP
John Buck Ubs Tower LLC
Grant Deed
—
Nov 1, 2002
$3,496,000
One North Wacker Drive Ch LP
John Odonnell Ubs Tower LLC
Grant Deed
—
Nov 1, 2002
$1,863,000
One North Wacker Drive Ch LP
William Moody Ubs Tower LLC
Grant Deed
—
Nov 1, 2002
$396,302,500
One North Wacker Drive Ch LP
One North Wacker Drive Venture
Trustees Deed
related
$225,000,000 · Archon Financial LP
—
—
One North Wacker LLC
—
Loan Modification
related
$350,000,000 · Miscellaneous Ins 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.
Try Rey
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