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Property profile & analytics
OFF-MARKET
Estimated value
$24,850,000
Office buildings
120 Liberty Dr Wheaton, IL 60187-5465
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0610092
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
126,106 SF
Lot
0.73 ac (31,799 SF)
Zoning code
C
APN
05-16-316-014
UPID
US28-0610092
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
Current use
Occupant on record · Public records
-
FCA Asset Management Property Management Company
-
Cafe Liberty Take-out & Catering Catering Service
-
Activ Financial Systems Inc Advertising Agency Marketing & Advertising
-
Next Yoga Gym & Fitness Center
-
Ft Cares Foundation Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.54M
Comparable Approach
Comparable
$25.20M
Blend (final)
Blend
$24.85M
Owner & transaction history
Wheaton Property Partners LLC · 19 yrs held
Wheaton Property Partners LLC
since 2007
5 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.2M
+94.3%
Medical building
$28.4M
+40.7%
Retail stores
$27.2M
+34.6%
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 Wheaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheaton 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%
$30,910,000
6.5%
$28,535,000
7%
$26,495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,185,000
Current use
RESTAURANT
$39,215,000
Change: +94% · Conversion: Moderate
MEDICAL BUILDING
$28,405,000
Change: +41% · Conversion: Easy
RETAIL STORES
$27,175,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$26,490,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$24.85M
Range $22.37M – $27.34M · ±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
$197 / 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
$394,319
Tax year 2023
Assessed value
$5,520,510
Assessed 2023
Previous assessed
$5,217,240
+5.8% YoY
Effective rate
7.14%
On assessed value
Assessed land
$334,220
Assessed improvement
$5,186,290
Land market value
$1,002,660
Improvement market value
$15,558,870
Total market value
$16,561,530
Applied tax rate
5,323.0000
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
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
126,106 SF
Lot
0.73 ac (31,799 SF)
Zoning code
C
APN
05-16-316-014
UPID
US28-0610092
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Wheaton, IL
Zoning C · permitted uses
C · Wheaton, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wheaton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$20.2M
RESTAURANT
Est. value
$39.2M
MEDICAL BUILDING
Est. value
$28.4M
RETAIL STORES
Est. value
$27.2M
COMMERCIAL (GENERAL)
Est. value
$26.5M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2008
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
0.73 ac
Current owner
From public records · entity-resolved
Wheaton Property Partners LLC
Entity
Mailing address
117 W WILLOW AVE, WHEATON, IL 60187-5236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2007
—
Wheaton Property Partners LLC
City Of Wheaton
Quit Claim Deed
related
—
May 14, 2002
—
Wheaton City (il)
Housing Authority Dupage
Grant Deed
$895,000 · Itasca Bank & Trust Co
Sep 8, 1998
—
Dupage Housing Authority
Chicago Title Insurance Co
Grant Deed
related
—
—
—
Wheaton Property Partners LLC
—
Loan Modification
related
$20,400,000 · Jp Morgan Chase Bank NA
—
—
Wheaton Property Partners LLC
—
Deed Of Trust
related
$18,000,000 · Wheaton Bk&tr
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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