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    106 Liberty Dr Wheaton, IL 60187-5401
    Property profile & analytics

    106 Liberty Dr, Wheaton, IL 60187-5401

    View on Map
    • Investment properties
    • 4,096 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Jan 9, 2024
    $950,000
    Property ID
    US28-0881943
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    7.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Forerunner Associates, LLC / Corporate Office / Financial Advisor
    • 60 DEGREES GROUP, LLC / Consultant

    Property Details for 106 Liberty Dr

    Year built
    1917
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    05-16-316-013
    APU
    516316013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 9, 2024 $950,000 Gini Brick LLC Bnw Family Office LLC Special Warranty Deed —
    Jan 9, 2024 $856,000 Bnw Family Office LLC True Blue Investments Two LLC Special Warranty Deed —
    Mar 28, 2022 — True Blue Investments Four LLC — Deed · related $3.5M · Wheaton Lender LLC
    Nov 16, 2017 $930,000 True Blue Investments Two LLC Yorkville Investments I LLC Warranty Deed —
    Apr 9, 2010 $410,000 Yorkville Investment I LLC Liberty East LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $950,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,150,000
      6.5%
      $1,065,000
      7%
      $985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $913,000
      Market price range: $558k - $1.17M
      AI Estimate
      $706,000
      Market price range: $356k - $995k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $860,000
      Current use
      AUTO REPAIR, GARAGE
      $1,450,000
      Change: +68% Conversion: Difficult
      MEDICAL BUILDING
      $925,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $885,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1062
    Latitude
    41.8639
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,074
    $60,300
    $206,740
    $267,040
    -
    $180,900
    $620,220
    $801,120

    Comparable in this City

    • Value Estimation
      $580,000
      3,320 SF

      109 Frnt St

      STORE/OFFICE (MIXED USE)
      109 Frnt St, Wheaton, IL 60187-5391
      View Details
    • Value Estimation
      $1,890,000
      14,710 SF

      1062 College Ave

      STORE/OFFICE (MIXED USE)
      1062 College Ave, Wheaton, IL 60187-5749
      View Details
    • Value Estimation
      $2,040,000
      13,734 SF

      135 Hale St

      STORE/OFFICE (MIXED USE)
      135 Hale St, Wheaton, IL 60187-5112
      View Details
    • Value Estimation
      $855,000
      5,140 SF

      124 Main St

      STORE/OFFICE (MIXED USE)
      124 Main St, Wheaton, IL 60187-5344
      View Details
    • Value Estimation
      $1,940,000
      15,233 SF

      213 Main St

      STORE/OFFICE (MIXED USE)
      213 Main St, Wheaton, IL 60187-5231
      View Details
    • Value Estimation
      $1,065,000
      6,945 SF

      123 Wesley St, Unit 31

      STORE/OFFICE (MIXED USE)
      123 Wesley St, Wheaton, IL 60187-5118
      View Details

    Similar Nearby for Sale

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      0.16 Acres

      Remodeled Mixed-Use Wheaton Property

      Remodeled mixed-use property in downtown Wheaton with various opportunities.
      323 S Hale St, Wheaton, IL 60187
      View Details
    • Contact for pricing
      17,570 SF

      Fully Leased Two-Story Strip Center

      Prime real estate opportunity in Wheaton, Illinois.
      999 Confidential St, Wheaton, IL 60187
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    • $699,900
      0.16 Acres

      Remodeled Mixed-Use Wheaton Corner Property

      Remodeled mixed-use property in downtown Wheaton with parking and expansion potential.
      323 S Hale St, Wheaton, IL 60187
      View Details
    • Contact for pricing

      Wheaton Retail Pad Site Available

      Retail pad site in Wheaton with high traffic and visibility.
      2031 North Gary Ave, Wheaton, IL 60187
      View Details
    • $350,000
      0.20 Acres

      Wheaton Office Building For Sale

      Charming office building in desirable Wheaton location, great for investors.
      422 W Wesley St, Wheaton, IL 60187
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,517 SF

      Well-Maintained Office Park Space

      Office space available in a well-maintained office park.
      290-300 S County Farm Rd, Wheaton, IL 60187
      View Details
    • Contact for pricing
      520 SF

      Retail Space on Main Street

      Charming retail space with parking in front and rear.
      1501-1525 N Main St, Wheaton, IL 60187
      View Details
    • $20 SF/Yr

      Retail Space on Main Street

      Retail space with parking in front and rear.
      1501-1525 Hawthorne Blvd, Wheaton, IL 60187
      View Details
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    106 Liberty Dr
    Wheaton, IL 60187-5401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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