Entity Owned Property summary
AI-generated overview
1111 West 22nd Street is an office building in the Oak Brook submarket, positioned off Interstate 88 and Route 83 for access to O'Hare International Airport, downtown Chicago, and Oak Brook amenities. The building is served by a manned security desk (6 a.m. to 10 p.m., six days per week) and a key card access system that provides 24-hour access. Climate control is provided by a variable air volume (VAV) HVAC system, with after-hours HVAC available upon request. An attached four-story parking structure with a covered walkway provides 785 parking spaces, including 85% covered parking and 50 reserved spaces. The exterior features contrasting horizontal lines with gray reflective window strips separated by flat metal panels with a matte finish. Interior common areas include a three-story atrium lobby with rough granite walls and polished terrazzo floors, complemented by gold leaf artwork suspended from the ceiling and additional large granite planters in the lobbies. A landscaped plaza includes patio seating and a pond, and the building offers panoramic views of Oak Brook and surrounding suburbs. The building contains approximately 17,749 square feet of office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
225,318 SF
Lot
6.65 ac (289,674 SF)
Zoning code
C
APN
06-26-200-008
UPID
US28-0229821
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
Business Management Consultant
-
Financial Advisor
-
Financial Advisor
-
Nursing Home
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.07M
Owner & transaction history
since 2024
Last sale
$24,907
6 recorded transactions
Zoning & alternative use
C · Oak Brook, IL
Top alternative use upside
Commercial (general)
$52.4M
+10.8%
Medical building
$50.8M
+7.4%
Retail stores
$48.6M
+2.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$32.07M
Value range
$28.86M – $35.27M
±10% around blend
Estimated value / SF
$142 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$28.86M
blend $32.07M
$35.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
225,318 SF
Lot area
6.65 ac
Year built
1984
APN
06-26-200-008
Zoning
C
Assessed value
$7,941,700
Annual tax
$306,589
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$32.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$210
-32%
Submarket 31 sales
$226
-37%
County 298 sales
$179
-21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $142/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+11%
vs current-use indication
Medical Building
Retail Stores
Office Building · current use
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$25k
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2k
$31k
$22k
$17k
$2k
$35k
$25k
$19k
$2k
$38k
$27k
$21k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$306,589
Tax year 2023
Assessed value
$7,941,700
Assessed 2023
Previous assessed
$8,662,580
-8.3% YoY
Effective rate
3.86%
On assessed value
Assessed land
$2,407,160
Assessed improvement
$5,534,540
Land market value
$7,221,480
Improvement market value
$16,603,620
Total market value
$23,825,100
Applied tax rate
6,143.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Total area
225,318 SF
Lot
6.65 ac (289,674 SF)
Zoning code
C
APN
06-26-200-008
UPID
US28-0229821
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Oak Brook, ILZoning C · permitted uses
C · Oak Brook, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Lot
6.65 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Oak Brook, IL
Recorded code
C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Oak Brook, IL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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